Wells Fargo & Company MN lifted its holdings in Group 1 Automotive, Inc. (NYSE:GPI) by 35.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 43,924 shares of the company’s stock after acquiring an additional 11,390 shares during the quarter. Wells Fargo & Company MN’s holdings in Group 1 Automotive were worth $3,118,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in GPI. SG Americas Securities LLC bought a new stake in shares of Group 1 Automotive in the 4th quarter worth approximately $119,000. Trilogy Capital Inc. bought a new stake in shares of Group 1 Automotive in the 4th quarter worth approximately $206,000. Parametrica Management Ltd lifted its holdings in shares of Group 1 Automotive by 45.0% in the 4th quarter. Parametrica Management Ltd now owns 5,236 shares of the company’s stock worth $372,000 after acquiring an additional 1,624 shares during the last quarter. Alpha Windward LLC bought a new stake in shares of Group 1 Automotive in the 4th quarter worth approximately $464,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Group 1 Automotive in the 4th quarter worth approximately $488,000. Hedge funds and other institutional investors own 97.57% of the company’s stock.
NYSE:GPI opened at $62.18 on Monday. Group 1 Automotive, Inc. has a 52 week low of $51.62 and a 52 week high of $84.47. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.06 and a quick ratio of 0.26. The firm has a market cap of $1,300.28, a P/E ratio of 8.03, a PEG ratio of 0.99 and a beta of 1.75.
Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings results on Thursday, February 8th. The company reported $2.11 EPS for the quarter, beating the Zacks’ 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 company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the business posted $1.74 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. equities research analysts expect that Group 1 Automotive, Inc. will post 9.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were issued a dividend of $0.26 per share. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Wednesday, February 28th. Group 1 Automotive’s dividend payout ratio is currently 13.45%.
In related news, CEO Earl J. Hesterberg sold 28,519 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $80.06, for a total transaction of $2,283,231.14. Following the completion of the sale, the chief executive officer now directly owns 108,440 shares in the company, valued at approximately $8,681,706.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Earl J. Hesterberg sold 40,000 shares of the company’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 sale, the chief executive officer now owns 108,440 shares of the company’s stock, valued at $8,609,051.60. The disclosure for this sale can be found here. Corporate insiders own 6.08% of the company’s stock.
A number of brokerages have recently weighed in on GPI. Zacks Investment Research upgraded shares of Group 1 Automotive from a “hold” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a report on Wednesday, January 31st. Bank of America boosted their price objective on shares of Group 1 Automotive from $103.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Morgan Stanley boosted their price objective on shares of Group 1 Automotive from $53.00 to $62.00 and gave the stock an “underweight” rating in a report on Wednesday, March 14th. Buckingham Research upgraded shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Friday, January 5th. Finally, ValuEngine lowered shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $82.88.
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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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