Teacher Retirement System of Texas Invests $488,000 in Group 1 Automotive, Inc. (GPI)

Teacher Retirement System of Texas acquired a new stake in shares of Group 1 Automotive, Inc. (NYSE:GPI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,881 shares of the company’s stock, valued at approximately $488,000.

Several other large investors also recently made changes to their positions in GPI. LSV Asset Management grew its stake in shares of Group 1 Automotive by 1.0% in the fourth quarter. LSV Asset Management now owns 646,844 shares of the company’s stock worth $45,906,000 after purchasing an additional 6,200 shares during the last quarter. Boston Partners grew its stake in shares of Group 1 Automotive by 9.6% in the fourth quarter. Boston Partners now owns 200,787 shares of the company’s stock worth $14,250,000 after purchasing an additional 17,530 shares during the last quarter. Davidson Kempner Capital Management LP bought a new stake in shares of Group 1 Automotive in the third quarter worth $13,115,000. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Group 1 Automotive by 1.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 167,938 shares of the company’s stock worth $12,169,000 after purchasing an additional 2,538 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Group 1 Automotive by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 124,248 shares of the company’s stock worth $8,951,000 after purchasing an additional 11,440 shares during the last quarter. Institutional investors own 97.57% of the company’s stock.

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Shares of GPI traded down $1.53 on Friday, reaching $62.18. The company’s stock had a trading volume of 249,139 shares, compared to its average volume of 320,524. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.06 and a quick ratio of 0.26. Group 1 Automotive, Inc. has a twelve month low of $51.62 and a twelve month high of $84.47. The firm has a market capitalization of $1,332.27, a PE ratio of 8.04, a P/E/G ratio of 1.01 and a beta of 1.75.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, February 8th. The company reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.24. Group 1 Automotive had a net margin of 1.89% and a return on equity of 15.85%. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the business posted $1.74 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. analysts expect that Group 1 Automotive, Inc. will post 9.01 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were issued a $0.26 dividend. The ex-dividend date was Wednesday, February 28th. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 1.67%. Group 1 Automotive’s dividend payout ratio (DPR) is 13.45%.

In related news, CEO Earl J. Hesterberg sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $77.71, for a total value of $1,554,200.00. Following the completion of the transaction, the chief executive officer now directly owns 108,440 shares of the company’s stock, valued at approximately $8,426,872.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Earl J. Hesterberg sold 40,000 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $79.39, for a total transaction of $3,175,600.00. Following the completion of the transaction, the chief executive officer now directly owns 108,440 shares of the company’s stock, valued at $8,609,051.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,519 shares of company stock valued at $7,013,031. 6.08% of the stock is owned by insiders.

GPI has been the topic of several analyst reports. Buckingham Research raised shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Friday, January 5th. Zacks Investment Research raised shares of Group 1 Automotive from a “hold” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a research report on Wednesday, January 31st. Bank of America upped their price target on shares of Group 1 Automotive from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Morgan Stanley upped their price target on shares of Group 1 Automotive from $53.00 to $62.00 and gave the company an “underweight” rating in a research report on Wednesday, March 14th. Finally, ValuEngine cut shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Group 1 Automotive currently has an average rating of “Hold” and an average target price of $82.88.

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Group 1 Automotive Company 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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