Hotchkis & Wiley Capital Management LLC Acquires 2,538 Shares of Group 1 Automotive, Inc. (GPI)

Hotchkis & Wiley Capital Management LLC grew its holdings in Group 1 Automotive, Inc. (NYSE:GPI) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 167,938 shares of the company’s stock after acquiring an additional 2,538 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.81% of Group 1 Automotive worth $12,169,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Crescent Grove Advisors LLC purchased a new position in shares of Group 1 Automotive during the 2nd quarter worth about $21,536,000. The Manufacturers Life Insurance Company boosted its stake in shares of Group 1 Automotive by 19.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,802,293 shares of the company’s stock worth $114,122,000 after purchasing an additional 295,967 shares during the period. Northern Trust Corp boosted its stake in shares of Group 1 Automotive by 25.9% during the 2nd quarter. Northern Trust Corp now owns 765,256 shares of the company’s stock worth $48,456,000 after purchasing an additional 157,223 shares during the period. Vanguard Group Inc. boosted its stake in shares of Group 1 Automotive by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,275,649 shares of the company’s stock worth $144,095,000 after purchasing an additional 122,130 shares during the period. Finally, Elliott Management Corp boosted its stake in shares of Group 1 Automotive by 36.5% during the 2nd quarter. Elliott Management Corp now owns 308,362 shares of the company’s stock worth $19,525,000 after purchasing an additional 82,500 shares during the period. Institutional investors and hedge funds own 97.58% of the company’s stock.

In related news, CFO John C. Rickel sold 20,000 shares of Group 1 Automotive stock in a transaction on Friday, October 27th. The shares were sold at an average price of $80.00, for a total value of $1,600,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Darryl M. Burman sold 10,000 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $79.74, for a total transaction of $797,400.00. The disclosure for this sale can be found here. In the last three months, insiders sold 76,694 shares of company stock valued at $5,999,106. Insiders own 6.08% of the company’s stock.

Group 1 Automotive, Inc. (NYSE:GPI) traded up $0.69 during trading on Monday, reaching $81.08. 112,600 shares of the company traded hands, compared to its average volume of 260,745. Group 1 Automotive, Inc. has a 52-week low of $51.62 and a 52-week high of $84.47. The firm has a market capitalization of $1,691.25, a PE ratio of 11.00, a P/E/G ratio of 1.56 and a beta of 1.69. The company has a current ratio of 1.05, a quick ratio of 0.27 and a debt-to-equity ratio of 1.28.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings data on Thursday, October 26th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.47. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Group 1 Automotive had a net margin of 1.20% and a return on equity of 15.69%. Group 1 Automotive’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business earned $1.96 earnings per share. research analysts anticipate that Group 1 Automotive, Inc. will post 7.41 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.25 dividend. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. Group 1 Automotive’s dividend payout ratio (DPR) is presently 15.90%.

Several research firms recently commented on GPI. Berenberg Bank began coverage on shares of Group 1 Automotive in a research note on Wednesday, October 4th. They set a “hold” rating and a $77.00 price objective for the company. Buckingham Research downgraded shares of Group 1 Automotive from a “buy” rating to a “neutral” rating and set a $86.00 target price on the stock. in a research report on Monday, November 13th. Wells Fargo & Company boosted their target price on shares of Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a research report on Monday, October 30th. Zacks Investment Research raised shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Group 1 Automotive in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $79.00.

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Group 1 Automotive Profile

Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.

Institutional Ownership by Quarter for Group 1 Automotive (NYSE:GPI)

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