2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. reduced its stake in Group 1 Automotive, Inc. ( NYSE:GPI – Free Report ) by 5.
7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,127 shares of the company’s stock after selling 373 shares during the period. Russell Investments Group Ltd.
’s holdings in Group 1 Automotive were worth $2,582,000 at the end of the most recent reporting period. A number of other institutional investors have also modified their holdings of the stock. Wells Fargo & Company MN increased its holdings in Group 1 Automotive by 17.
5% during the 4th quarter. Wells Fargo & Company MN now owns 42,474 shares of the company’s stock worth $17,902,000 after purchasing an additional 6,312 shares during the period. Cinctive Capital Management LP increased its stake in shares of Group 1 Automotive by 181.
3% during the fourth quarter. Cinctive Capital Management LP now owns 21,321 shares of the company’s stock valued at $8,986,000 after buying an additional 13,742 shares during the period. May Hill Capital LLC bought a new stake in shares of Group 1 Automotive in the fourth quarter valued at about $389,000.
HighPoint Advisor Group LLC lifted its stake in Group 1 Automotive by 2.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,536 shares of the company’s stock worth $647,000 after acquiring an additional 41 shares during the period.
Finally, Franklin Resources Inc. grew its holdings in Group 1 Automotive by 0.6% during the 4th quarter.
Franklin Resources Inc. now owns 157,515 shares of the company’s stock worth $66,389,000 after acquiring an additional 888 shares in the last quarter. 99.
92% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In GPI has been the subject of several recent research reports. JPMorgan Chase & Co.
reduced their price target on shares of Group 1 Automotive from $495.00 to $435.00 and set an “overweight” rating for the company in a report on Thursday, March 27th.
Stephens restated an “equal weight” rating and set a $460.00 target price on shares of Group 1 Automotive in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company.
According to data from MarketBeat, Group 1 Automotive has an average rating of “Moderate Buy” and a consensus target price of $450.33. Group 1 Automotive Trading Down 0.
1 % NYSE:GPI opened at $392.50 on Friday. The stock has a market capitalization of $5.
20 billion, a price-to-earnings ratio of 10.68 and a beta of 1.05.
Group 1 Automotive, Inc. has a 52 week low of $262.31 and a 52 week high of $490.
09. The company has a quick ratio of 0.24, a current ratio of 1.
03 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $423.
63 and a 200 day moving average of $414.71. Group 1 Automotive ( NYSE:GPI – Get Free Report ) last posted its quarterly earnings data on Wednesday, January 29th.
The company reported $10.02 earnings per share for the quarter, topping analysts’ consensus estimates of $8.77 by $1.
25. Group 1 Automotive had a return on equity of 18.09% and a net margin of 2.
47%. As a group, sell-side analysts anticipate that Group 1 Automotive, Inc. will post 41 earnings per share for the current fiscal year.
Group 1 Automotive Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.50 per share.
This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, March 3rd.
This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%.
Group 1 Automotive’s payout ratio is presently 5.44%. Group 1 Automotive Profile ( Free Report ) Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom.
The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. Featured Articles Want to see what other hedge funds are holding GPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Group 1 Automotive, Inc.
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