846 Shares in Group 1 Automotive, Inc. (NYSE:GPI) Bought by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC bought a new stake in Group 1 Automotive, Inc. (NYSE:GPI) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 846 shares of the company’s stock, valued at approximately $247,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust lifted its stake in shares of Group 1 Automotive by 44.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 176 shares of the company’s stock worth $54,000 after purchasing an additional 54 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Group 1 Automotive by 37.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the company’s stock worth $65,000 after acquiring an additional 58 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Group 1 Automotive by 6.4% during the 3rd quarter. Lazard Asset Management LLC now owns 1,231 shares of the company’s stock valued at $330,000 after acquiring an additional 74 shares during the period. Procyon Advisors LLC increased its stake in shares of Group 1 Automotive by 8.6% in the 4th quarter. Procyon Advisors LLC now owns 1,009 shares of the company’s stock worth $308,000 after purchasing an additional 80 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in Group 1 Automotive by 1.0% in the 4th quarter. Illinois Municipal Retirement Fund now owns 8,290 shares of the company’s stock worth $2,526,000 after purchasing an additional 83 shares during the period. 99.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Group 1 Automotive

In other Group 1 Automotive news, VP Michael David Jones sold 1,400 shares of Group 1 Automotive stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $294.63, for a total value of $412,482.00. Following the sale, the vice president now owns 11,535 shares of the company’s stock, valued at approximately $3,398,557.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Edward Mckissic sold 170 shares of Group 1 Automotive stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $318.92, for a total value of $54,216.40. Following the completion of the transaction, the vice president now owns 6,082 shares in the company, valued at $1,939,671.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Michael David Jones sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $294.63, for a total value of $412,482.00. Following the sale, the vice president now owns 11,535 shares in the company, valued at $3,398,557.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,007 shares of company stock valued at $1,221,218. Insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on GPI. Guggenheim raised Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $305.00 price target for the company in a report on Wednesday, April 17th. JPMorgan Chase & Co. reduced their target price on shares of Group 1 Automotive from $315.00 to $310.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $330.83.

Group 1 Automotive Stock Down 1.3 %

NYSE GPI opened at $293.11 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.87. Group 1 Automotive, Inc. has a 12 month low of $228.84 and a 12 month high of $323.95. The stock’s 50 day moving average is $304.18 and its 200 day moving average is $286.51. The stock has a market cap of $3.97 billion, a PE ratio of 6.92, a P/E/G ratio of 1.52 and a beta of 1.35.

Group 1 Automotive (NYSE:GPI) last issued its earnings results on Wednesday, April 24th. The company reported $9.49 earnings per share for the quarter, missing analysts’ consensus estimates of $9.52 by ($0.03). The company had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.30 billion. Group 1 Automotive had a return on equity of 22.45% and a net margin of 3.23%. Research analysts predict that Group 1 Automotive, Inc. will post 38.86 EPS for the current fiscal year.

Group 1 Automotive Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $0.47 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.64%. Group 1 Automotive’s dividend payout ratio is currently 4.44%.

Group 1 Automotive Profile

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.