Point72 Hong Kong Ltd Has $274,000 Stock Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

Point72 Hong Kong Ltd boosted its position in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 38.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 923 shares of the company’s stock after buying an additional 254 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Group 1 Automotive were worth $274,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Hexagon Capital Partners LLC lifted its holdings in Group 1 Automotive by 53.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 146 shares of the company’s stock worth $43,000 after buying an additional 51 shares in the last quarter. Headlands Technologies LLC acquired a new position in Group 1 Automotive during the 2nd quarter worth $48,000. EverSource Wealth Advisors LLC lifted its stake in shares of Group 1 Automotive by 17.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 267 shares of the company’s stock valued at $79,000 after purchasing an additional 39 shares during the period. Blue Trust Inc. lifted its stake in shares of Group 1 Automotive by 47.5% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the company’s stock valued at $79,000 after purchasing an additional 87 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Group 1 Automotive by 1,452.8% in the 1st quarter. Covestor Ltd now owns 559 shares of the company’s stock valued at $164,000 after purchasing an additional 523 shares during the period. Institutional investors and hedge funds own 99.92% of the company’s stock.

Wall Street Analysts Forecast Growth

GPI has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Group 1 Automotive from $360.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Bank of America cut their price target on Group 1 Automotive from $445.00 to $435.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. StockNews.com raised Group 1 Automotive from a “sell” rating to a “hold” rating in a research note on Thursday. Stephens initiated coverage on Group 1 Automotive in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $394.00 price target on the stock. Finally, Morgan Stanley raised Group 1 Automotive from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $285.00 to $430.00 in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $396.80.

Group 1 Automotive Price Performance

GPI opened at $382.23 on Friday. The company has a quick ratio of 0.26, a current ratio of 1.02 and a debt-to-equity ratio of 0.80. Group 1 Automotive, Inc. has a 12 month low of $228.84 and a 12 month high of $393.93. The company has a fifty day simple moving average of $355.17 and a 200 day simple moving average of $314.70. The stock has a market cap of $5.17 billion, a P/E ratio of 9.02, a P/E/G ratio of 1.94 and a beta of 1.33.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings data on Wednesday, July 24th. The company reported $9.80 EPS for the quarter, beating analysts’ consensus estimates of $9.36 by $0.44. The business had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Group 1 Automotive had a net margin of 3.03% and a return on equity of 20.53%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $11.73 EPS. On average, research analysts expect that Group 1 Automotive, Inc. will post 39.18 EPS for the current year.

Group 1 Automotive Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 2nd were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Friday, August 30th. Group 1 Automotive’s dividend payout ratio (DPR) is presently 4.44%.

Insiders Place Their Bets

In other Group 1 Automotive news, VP Michael David Jones sold 1,200 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $350.99, for a total transaction of $421,188.00. Following the completion of the transaction, the vice president now owns 9,742 shares in the company, valued at approximately $3,419,344.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.70% of the company’s stock.

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.