Guggenheim Capital LLC lessened its holdings in Group 1 Automotive, Inc. (NYSE:GPI) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,978 shares of the company’s stock after selling 1,893 shares during the quarter. Guggenheim Capital LLC owned 0.13% of Group 1 Automotive worth $1,985,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in GPI. BlackRock Inc. boosted its holdings in Group 1 Automotive by 5.5% in the 4th quarter. BlackRock Inc. now owns 2,606,030 shares of the company’s stock valued at $184,949,000 after purchasing an additional 135,710 shares in the last quarter. Burney Co. purchased a new stake in Group 1 Automotive in the 4th quarter valued at approximately $6,014,000. SG Capital Management LLC purchased a new stake in Group 1 Automotive in the 4th quarter valued at approximately $4,320,000. James Investment Research Inc. purchased a new stake in Group 1 Automotive in the 4th quarter valued at approximately $2,437,000. Finally, Algert Global LLC purchased a new stake in Group 1 Automotive in the 4th quarter valued at approximately $1,990,000.
GPI stock opened at $63.62 on Tuesday. Group 1 Automotive, Inc. has a 12-month low of $51.62 and a 12-month 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 company has a market cap of $1,285.22, a PE ratio of 8.23, a P/E/G ratio of 1.01 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 earnings per share (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 the consensus estimate of $2.85 billion. During the same period last year, the firm earned $1.74 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. analysts forecast that Group 1 Automotive, Inc. will post 8.66 earnings per share for the current year.
In other news, CEO Earl J. Hesterberg sold 28,519 shares of Group 1 Automotive stock in a transaction that occurred 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 legal filing with the SEC, which is available through this hyperlink. 6.08% of the stock is currently owned by company insiders.
A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered Group 1 Automotive from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 22nd. Buckingham Research lowered Group 1 Automotive from a “buy” rating to a “neutral” rating in a report on Tuesday, March 20th. ValuEngine lowered Group 1 Automotive from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Morgan Stanley lifted their price objective on Group 1 Automotive from $53.00 to $62.00 and gave the company an “underweight” rating in a report on Wednesday, March 14th. Finally, Bank of America lifted their price objective on Group 1 Automotive from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $83.13.
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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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