Capstone Investment Advisors LLC Increases Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

Capstone Investment Advisors LLC increased its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPIFree Report) by 209.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,029 shares of the company’s stock after purchasing an additional 2,725 shares during the period. Capstone Investment Advisors LLC’s holdings in Group 1 Automotive were worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its holdings in Group 1 Automotive by 4.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,021 shares of the company’s stock worth $274,000 after buying an additional 45 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Group 1 Automotive by 44.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 176 shares of the company’s stock valued at $54,000 after purchasing an additional 54 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Group 1 Automotive by 37.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the company’s stock valued at $65,000 after purchasing an additional 58 shares in the last quarter. Sawgrass Asset Management LLC raised its stake in shares of Group 1 Automotive by 4.9% in the 3rd quarter. Sawgrass Asset Management LLC now owns 1,479 shares of the company’s stock valued at $397,000 after purchasing an additional 69 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Group 1 Automotive by 6.4% in the 3rd quarter. Lazard Asset Management LLC now owns 1,231 shares of the company’s stock valued at $330,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 99.92% of the company’s stock.

Group 1 Automotive Stock Performance

GPI traded up $2.91 on Thursday, hitting $307.53. 116,299 shares of the company’s stock were exchanged, compared to its average volume of 138,203. The firm has a market cap of $4.16 billion, a PE ratio of 7.26, a P/E/G ratio of 1.58 and a beta of 1.38. Group 1 Automotive, Inc. has a twelve month low of $220.25 and a twelve month high of $323.95. The stock has a fifty day moving average of $291.95 and a two-hundred day moving average of $283.13. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.87.

Group 1 Automotive (NYSE:GPIGet Free Report) last posted its earnings results on Wednesday, April 24th. The company reported $9.49 EPS for the quarter, missing the consensus estimate of $9.52 by ($0.03). Group 1 Automotive had a return on equity of 22.45% and a net margin of 3.23%. The firm had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.30 billion. On average, research analysts anticipate that Group 1 Automotive, Inc. will post 38.86 earnings per share for the current fiscal year.

Group 1 Automotive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Monday, June 3rd. Group 1 Automotive’s dividend payout ratio (DPR) is 4.44%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Group 1 Automotive from $315.00 to $310.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Morgan Stanley upgraded shares of Group 1 Automotive from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $200.00 to $255.00 in a research note on Thursday, February 29th. Guggenheim upgraded shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $305.00 target price on the stock in a research note on Wednesday, April 17th. Stephens restated an “overweight” rating and issued a $330.00 target price on shares of Group 1 Automotive in a research note on Tuesday, February 13th. Finally, StockNews.com lowered shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $330.83.

View Our Latest Report on Group 1 Automotive

Insiders Place Their Bets

In other Group 1 Automotive news, CFO Daniel James Mchenry sold 2,437 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $309.61, for a total value of $754,519.57. Following the completion of the transaction, the chief financial officer now owns 22,430 shares in the company, valued at approximately $6,944,552.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP Michael David Jones sold 1,400 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $294.63, for a total value of $412,482.00. Following the completion of the transaction, the vice president now directly owns 11,535 shares in the company, valued at $3,398,557.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel James Mchenry sold 2,437 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $309.61, for a total transaction of $754,519.57. Following the completion of the transaction, the chief financial officer now owns 22,430 shares of the company’s stock, valued at $6,944,552.30. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

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.

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

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