Avior Wealth Management LLC boosted its holdings in Group 1 Automotive, Inc. (NYSE:GPI – Free Report) by 25.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 152 shares of the company’s stock after buying an additional 31 shares during the period. Avior Wealth Management LLC’s holdings in Group 1 Automotive were worth $64,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in GPI. FMR LLC lifted its position in Group 1 Automotive by 133.0% in the 3rd quarter. FMR LLC now owns 407,930 shares of the company’s stock valued at $156,253,000 after acquiring an additional 232,846 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Group 1 Automotive by 596.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 76,384 shares of the company’s stock valued at $29,259,000 after acquiring an additional 65,414 shares in the last quarter. Verition Fund Management LLC lifted its position in Group 1 Automotive by 3,663.1% in the 3rd quarter. Verition Fund Management LLC now owns 55,280 shares of the company’s stock valued at $21,174,000 after acquiring an additional 53,811 shares in the last quarter. Barclays PLC lifted its position in Group 1 Automotive by 244.7% in the 3rd quarter. Barclays PLC now owns 56,319 shares of the company’s stock valued at $21,573,000 after acquiring an additional 39,982 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Group 1 Automotive during the 3rd quarter valued at $13,117,000. 99.92% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. StockNews.com raised Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group assumed coverage on Group 1 Automotive in a report on Friday, December 13th. They set a “buy” rating and a $500.00 price target on the stock. Guggenheim increased their price target on Group 1 Automotive from $420.00 to $442.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. decreased their target price on Group 1 Automotive from $425.00 to $420.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $436.83.
Group 1 Automotive Price Performance
Shares of Group 1 Automotive stock opened at $449.94 on Thursday. Group 1 Automotive, Inc. has a one year low of $255.73 and a one year high of $458.82. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.24 and a current ratio of 1.00. The stock has a market cap of $5.99 billion, a P/E ratio of 11.99 and a beta of 1.36. The stock’s fifty day moving average is $429.57 and its 200 day moving average is $385.25.
Group 1 Automotive (NYSE:GPI – Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $10.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.77 by $1.25. Group 1 Automotive had a return on equity of 18.49% and a net margin of 2.68%. Sell-side analysts anticipate that Group 1 Automotive, Inc. will post 38.29 earnings per share for the current year.
Group 1 Automotive Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.88 dividend on an annualized basis and a yield of 0.42%. Group 1 Automotive’s payout ratio is presently 5.01%.
Group 1 Automotive declared that its Board of Directors has authorized a share buyback plan on Tuesday, November 12th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 9.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
Insiders Place Their Bets
In other news, Director Lincoln Pereira sold 6,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $426.68, for a total transaction of $2,560,080.00. Following the completion of the transaction, the director now owns 98,467 shares in the company, valued at $42,013,899.56. This trade represents a 5.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Edward Mckissic sold 79 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $374.01, for a total value of $29,546.79. Following the transaction, the vice president now owns 6,259 shares of the company’s stock, valued at approximately $2,340,928.59. The trade was a 1.25 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.
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.
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