Amalgamated Bank Sells 182 Shares of Group 1 Automotive, Inc. (NYSE:GPI)

Amalgamated Bank cut its stake in Group 1 Automotive, Inc. (NYSE:GPI) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,032 shares of the company’s stock after selling 182 shares during the period. Amalgamated Bank’s holdings in Group 1 Automotive were worth $1,199,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its stake in Group 1 Automotive by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 3,832 shares of the company’s stock worth $1,139,000 after acquiring an additional 33 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in Group 1 Automotive by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 2,854 shares of the company’s stock worth $848,000 after purchasing an additional 49 shares during the period. Hexagon Capital Partners LLC raised its position in Group 1 Automotive by 53.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 146 shares of the company’s stock valued at $43,000 after purchasing an additional 51 shares in the last quarter. Blue Trust Inc. lifted its holdings 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 worth $79,000 after buying an additional 87 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Group 1 Automotive by 5.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,808 shares of the company’s stock worth $528,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 99.92% of the company’s stock.

Insider Transactions at Group 1 Automotive

In related news, VP Michael David Jones sold 1,200 shares of Group 1 Automotive stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $350.99, for a total value of $421,188.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.70% of the company’s stock.

Group 1 Automotive Trading Up 1.1 %

NYSE GPI opened at $382.23 on Friday. Group 1 Automotive, Inc. has a 52 week low of $228.84 and a 52 week high of $393.93. The company has a 50 day moving average price of $355.17 and a 200 day moving average price of $314.70. 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 firm has a market cap of $5.17 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 1.94 and a beta of 1.33.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $9.80 earnings per share (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 the consensus estimate of $4.68 billion. Group 1 Automotive had a return on equity of 20.53% and a net margin of 3.03%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $11.73 earnings per share. As a group, sell-side analysts forecast that Group 1 Automotive, Inc. will post 39.18 EPS for the current fiscal year.

Group 1 Automotive Announces Dividend

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

Analyst Ratings Changes

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

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.