Barrow Hanley Mewhinney & Strauss LLC Buys 6,777 Shares of Group 1 Automotive, Inc. (GPI)

Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 11.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 66,233 shares of the company’s stock after acquiring an additional 6,777 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Group 1 Automotive were worth $4,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of GPI. Wells Fargo & Company MN grew its stake in Group 1 Automotive by 4.2% during the 2nd quarter. Wells Fargo & Company MN now owns 21,963 shares of the company’s stock worth $1,391,000 after buying an additional 876 shares during the last quarter. FMR LLC grew its stake in Group 1 Automotive by 17.5% during the 2nd quarter. FMR LLC now owns 23,543 shares of the company’s stock worth $1,491,000 after buying an additional 3,500 shares during the last quarter. California Public Employees Retirement System grew its stake in Group 1 Automotive by 0.9% during the 2nd quarter. California Public Employees Retirement System now owns 56,300 shares of the company’s stock worth $3,565,000 after buying an additional 500 shares during the last quarter. State Street Corp grew its stake in Group 1 Automotive by 5.6% during the 2nd quarter. State Street Corp now owns 631,451 shares of the company’s stock worth $39,985,000 after buying an additional 33,723 shares during the last quarter. Finally, Eqis Capital Management Inc. bought a new position in Group 1 Automotive during the 3rd quarter worth $232,000. Hedge funds and other institutional investors own 97.57% of the company’s stock.

In other news, CEO Earl J. Hesterberg sold 10,640 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $74.44, for a total value of $792,041.60. Following the completion of the transaction, the chief executive officer now owns 165,010 shares of the company’s stock, valued at $12,283,344.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Earl J. Hesterberg sold 28,519 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $80.06, for a total value of $2,283,231.14. Following the completion of the transaction, the chief executive officer now directly owns 108,440 shares of the company’s stock, valued at approximately $8,681,706.40. The disclosure for this sale can be found here. In the last three months, insiders sold 167,398 shares of company stock valued at $12,974,458. Company insiders own 6.08% of the company’s stock.

A number of research analysts recently commented on the company. Bank of America upped their price objective on Group 1 Automotive from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Zacks Investment Research upgraded Group 1 Automotive from a “hold” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a research note on Wednesday, January 31st. Buckingham Research upgraded Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Friday, January 5th. Finally, Wells Fargo & Co upped their price objective on Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $86.00.

Group 1 Automotive, Inc. (GPI) opened at $74.64 on Thursday. Group 1 Automotive, Inc. has a 52 week low of $51.62 and a 52 week high of $84.47. The stock has a market capitalization of $1,587.37, a price-to-earnings ratio of 7.38, a PEG ratio of 1.24 and a beta of 1.70. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 0.79.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings results on Thursday, February 8th. The company reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.24. Group 1 Automotive had a return on equity of 15.85% and a net margin of 1.89%. The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter in the prior year, the business posted $1.74 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. research analysts expect that Group 1 Automotive, Inc. will post 8.79 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.26 dividend. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.39%. Group 1 Automotive’s dividend payout ratio is presently 9.88%.

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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.

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

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