Group 1 Automotive, Inc. (NYSE:GPI) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its position in Group 1 Automotive, Inc. (NYSE:GPIFree Report) by 1.0% in the 4th quarter, Holdings Channel reports. The firm owned 8,290 shares of the company’s stock after acquiring an additional 83 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Group 1 Automotive were worth $2,526,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GPI. The Manufacturers Life Insurance Company grew its holdings in shares of Group 1 Automotive by 12.5% during the third quarter. The Manufacturers Life Insurance Company now owns 574,561 shares of the company’s stock worth $154,390,000 after buying an additional 63,726 shares in the last quarter. Invesco Ltd. grew its stake in Group 1 Automotive by 6.3% during the 3rd quarter. Invesco Ltd. now owns 171,335 shares of the company’s stock valued at $46,039,000 after acquiring an additional 10,099 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Group 1 Automotive by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 150,140 shares of the company’s stock valued at $40,344,000 after acquiring an additional 4,129 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Group 1 Automotive by 28.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 95,572 shares of the company’s stock valued at $25,681,000 after acquiring an additional 21,001 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in Group 1 Automotive in the 4th quarter worth approximately $24,562,000. 99.92% of the stock is owned by institutional investors and hedge funds.

Group 1 Automotive Trading Up 7.2 %

Shares of NYSE GPI opened at $299.72 on Thursday. The stock has a fifty day simple moving average of $271.84 and a 200-day simple moving average of $274.24. The company has a current ratio of 1.11, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. Group 1 Automotive, Inc. has a twelve month low of $214.25 and a twelve month high of $310.08. The stock has a market capitalization of $4.05 billion, a PE ratio of 7.03, a PEG ratio of 1.41 and a beta of 1.42.

Group 1 Automotive (NYSE:GPIGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $9.50 earnings per share for the quarter, missing analysts’ consensus estimates of $10.44 by ($0.94). The firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.41 billion. Group 1 Automotive had a net margin of 3.34% and a return on equity of 24.36%. Group 1 Automotive’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.86 earnings per share. On average, equities analysts forecast that Group 1 Automotive, Inc. will post 39.37 earnings per share for the current year.

Group 1 Automotive Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.47 per share. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Thursday, February 29th. Group 1 Automotive’s dividend payout ratio is currently 4.41%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GPI shares. StockNews.com lowered Group 1 Automotive from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Stephens restated an “overweight” rating and issued a $330.00 target price on shares of Group 1 Automotive in a report on Tuesday, February 13th. Morgan Stanley raised Group 1 Automotive from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $200.00 to $255.00 in a research note on Thursday, February 29th. Guggenheim raised shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $305.00 price target on the stock in a research report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Group 1 Automotive from $325.00 to $315.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $331.67.

View Our Latest Stock Report on GPI

About Group 1 Automotive

(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.

Further Reading

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Institutional Ownership by Quarter for Group 1 Automotive (NYSE:GPI)

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