Group 1 Automotive, Inc. (NYSE:GPI) Stock Position Raised by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC boosted its position in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 327.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,459 shares of the company’s stock after purchasing an additional 11,839 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Group 1 Automotive were worth $4,596,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings in shares of Group 1 Automotive by 21.6% during the fourth quarter. Wells Fargo & Company MN now owns 30,845 shares of the company’s stock valued at $9,400,000 after buying an additional 5,472 shares in the last quarter. Trexquant Investment LP purchased a new position in Group 1 Automotive during the 4th quarter valued at about $272,000. Allianz Asset Management GmbH increased its holdings in shares of Group 1 Automotive by 221.5% in the 4th quarter. Allianz Asset Management GmbH now owns 14,916 shares of the company’s stock valued at $4,546,000 after purchasing an additional 10,276 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Group 1 Automotive in the fourth quarter worth approximately $2,203,000. Finally, RK Capital Management LLC boosted its holdings in shares of Group 1 Automotive by 36.6% during the fourth quarter. RK Capital Management LLC now owns 29,115 shares of the company’s stock worth $8,873,000 after purchasing an additional 7,805 shares during the period. 99.92% of the stock is owned by institutional investors and hedge funds.

Group 1 Automotive Trading Up 1.0 %

Group 1 Automotive stock opened at $385.94 on Monday. Group 1 Automotive, Inc. has a one year low of $228.84 and a one year high of $393.93. The company’s fifty day moving average price is $356.83 and its two-hundred day moving average price is $316.25. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.02 and a quick ratio of 0.26. 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 (NYSE:GPI) last issued 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. Group 1 Automotive had a return on equity of 20.53% and a net margin of 3.03%. The business had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the firm posted $11.73 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts forecast that Group 1 Automotive, Inc. will post 39.18 earnings per share for the current fiscal year.

Group 1 Automotive Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Stephens initiated coverage on shares of Group 1 Automotive in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $394.00 price objective on the stock. JPMorgan Chase & Co. upped their price target 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. StockNews.com raised Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday. Bank of America dropped their target price on Group 1 Automotive from $445.00 to $435.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Finally, Morgan Stanley upgraded Group 1 Automotive from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $285.00 to $430.00 in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $396.80.

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 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 transaction, the vice president now owns 9,742 shares in the company, valued at approximately $3,419,344.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is owned by corporate insiders.

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.