Chicago Equity Partners LLC increased its holdings in Group 1 Automotive (NYSE:GPI) by 60.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,515 shares of the company’s stock after buying an additional 15,315 shares during the period. Chicago Equity Partners LLC owned 0.19% of Group 1 Automotive worth $2,647,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of GPI. Millennium Management LLC raised its position in Group 1 Automotive by 158.5% during the fourth quarter. Millennium Management LLC now owns 312,699 shares of the company’s stock valued at $22,192,000 after purchasing an additional 191,709 shares in the last quarter. BlackRock Inc. raised its position in Group 1 Automotive by 5.5% during the fourth 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. Prudential Financial Inc. raised its position in Group 1 Automotive by 36.9% during the first quarter. Prudential Financial Inc. now owns 357,361 shares of the company’s stock valued at $23,350,000 after purchasing an additional 96,349 shares in the last quarter. Burney Co. purchased a new stake in Group 1 Automotive during the fourth quarter valued at about $6,014,000. Finally, SG Capital Management LLC purchased a new stake in Group 1 Automotive during the fourth quarter valued at about $4,320,000.
GPI has been the topic of a number of research reports. Zacks Investment Research upgraded 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. Stephens restated a “hold” rating and set a $86.00 price target on shares of Group 1 Automotive in a research report on Wednesday, March 21st. Guggenheim initiated coverage on Group 1 Automotive in a research report on Monday, April 16th. They set a “neutral” rating on the stock. Bank of America raised their price target on Group 1 Automotive from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, Morgan Stanley raised their price target on Group 1 Automotive from $53.00 to $62.00 and gave the company an “underweight” rating in a research report on Wednesday, March 14th. Two 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. The stock presently has an average rating of “Hold” and an average target price of $83.13.
Shares of Group 1 Automotive opened at $69.01 on Wednesday, Marketbeat.com reports. Group 1 Automotive has a 12-month low of $68.71 and a 12-month high of $69.47. The stock has a market cap of $1.43 billion, a PE ratio of 8.93, a P/E/G ratio of 1.15 and a beta of 1.75. The company has a current ratio of 1.06, a quick ratio of 0.27 and a debt-to-equity ratio of 1.17.
Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings data on Thursday, April 26th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.16. Group 1 Automotive had a return on equity of 15.47% and a net margin of 1.86%. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the firm earned $1.53 earnings per share. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. analysts anticipate that Group 1 Automotive will post 8.47 EPS for the current year.
Group 1 Automotive Company Profile
Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. It sells new and used cars, light trucks, and vehicle parts; arranges vehicle financing; sells service and insurance contracts; and provides automotive maintenance and repair services. The company has operations primarily in the metropolitan areas of Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 28 towns in the United Kingdom; and in the metropolitan markets of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.
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