Algert Global LLC Has $13.01 Million Stock Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

Algert Global LLC raised its position in Group 1 Automotive, Inc. (NYSE:GPI) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,767 shares of the company’s stock after acquiring an additional 1,313 shares during the period. Group 1 Automotive makes up approximately 0.4% of Algert Global LLC’s holdings, making the stock its 8th biggest holding. Algert Global LLC owned 0.32% of Group 1 Automotive worth $13,011,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its stake in shares of Group 1 Automotive by 22.0% during the second quarter. The Manufacturers Life Insurance Company now owns 639,142 shares of the company’s stock worth $190,004,000 after acquiring an additional 115,143 shares during the last quarter. Woodson Capital Management LP boosted its stake in Group 1 Automotive by 114.6% in the 1st quarter. Woodson Capital Management LP now owns 142,500 shares of the company’s stock worth $41,643,000 after purchasing an additional 76,102 shares in the last quarter. Hennessy Advisors Inc. grew its position in Group 1 Automotive by 18.1% during the 2nd quarter. Hennessy Advisors Inc. now owns 108,500 shares of the company’s stock worth $32,255,000 after purchasing an additional 16,600 shares during the last quarter. Shellback Capital LP increased its stake in Group 1 Automotive by 27.1% during the 2nd quarter. Shellback Capital LP now owns 95,302 shares of the company’s stock valued at $28,331,000 after purchasing an additional 20,302 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC raised its holdings in shares of Group 1 Automotive by 66.4% in the fourth quarter. Intrinsic Edge Capital Management LLC now owns 84,968 shares of the company’s stock worth $25,893,000 after buying an additional 33,901 shares during the last quarter. 99.92% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Michael David Jones sold 1,200 shares of the firm’s 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 sale, the vice president now directly owns 9,742 shares in the company, valued at approximately $3,419,344.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GPI. Stephens started coverage on shares of Group 1 Automotive in a report on Thursday, September 12th. They set an “equal weight” rating and a $394.00 price objective on the stock. Morgan Stanley raised Group 1 Automotive from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $285.00 to $430.00 in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on Group 1 Automotive from $360.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Bank of America decreased their target price on Group 1 Automotive from $445.00 to $435.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, StockNews.com upgraded Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Group 1 Automotive presently has an average rating of “Moderate Buy” and an average price target of $396.80.

Group 1 Automotive Stock Up 1.0 %

Shares of GPI opened at $385.94 on Friday. The stock’s 50-day moving average price is $356.83 and its 200-day moving average price is $315.54. The company has a quick ratio of 0.26, a current ratio of 1.02 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 1.94 and a beta of 1.33. Group 1 Automotive, Inc. has a 52 week low of $228.84 and a 52 week high of $393.93.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $9.80 EPS for the quarter, topping analysts’ consensus estimates of $9.36 by $0.44. The business had revenue of $4.70 billion for 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 business’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $11.73 EPS. On average, sell-side analysts predict that Group 1 Automotive, Inc. will post 39.18 EPS for the current year.

Group 1 Automotive Announces Dividend

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

About Group 1 Automotive

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.