Crestline Management LP acquired a new stake in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,288 shares of the company's stock, valued at approximately $543,000.
A number of other institutional investors also recently added to or reduced their stakes in GPI. Bessemer Group Inc. boosted its holdings in Group 1 Automotive by 119.4% in the fourth quarter. Bessemer Group Inc. now owns 68 shares of the company's stock worth $29,000 after acquiring an additional 37 shares in the last quarter. R Squared Ltd acquired a new stake in Group 1 Automotive in the fourth quarter worth about $30,000. GAMMA Investing LLC boosted its holdings in Group 1 Automotive by 70.4% in the fourth quarter. GAMMA Investing LLC now owns 121 shares of the company's stock worth $51,000 after acquiring an additional 50 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in Group 1 Automotive by 25.6% in the fourth quarter. Avior Wealth Management LLC now owns 152 shares of the company's stock worth $64,000 after acquiring an additional 31 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Group 1 Automotive in the fourth quarter worth about $66,000. Institutional investors own 99.92% of the company's stock.
Group 1 Automotive Stock Performance
GPI stock traded up $2.20 during trading on Friday, hitting $443.06. 29,110 shares of the company traded hands, compared to its average volume of 142,760. The stock's 50-day simple moving average is $404.07 and its 200 day simple moving average is $422.58. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.03 and a quick ratio of 0.24. The company has a market cap of $5.73 billion, a PE ratio of 12.06 and a beta of 0.94. Group 1 Automotive, Inc. has a 1 year low of $279.86 and a 1 year high of $490.09.
Group 1 Automotive (NYSE:GPI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $10.17 earnings per share for the quarter, beating the consensus estimate of $9.68 by $0.49. The company had revenue of $5.51 billion during the quarter, compared to analysts' expectations of $5.37 billion. Group 1 Automotive had a return on equity of 18.09% and a net margin of 2.47%. Group 1 Automotive's quarterly revenue was up 23.1% on a year-over-year basis. During the same period last year, the business earned $9.49 earnings per share. On average, equities analysts expect that Group 1 Automotive, Inc. will post 41 earnings per share for the current fiscal year.
Group 1 Automotive Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, June 2nd. Group 1 Automotive's dividend payout ratio (DPR) is presently 5.61%.
Insider Activity
In related news, VP Michael David Jones sold 1,613 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $405.57, for a total transaction of $654,184.41. Following the completion of the sale, the vice president now directly owns 8,260 shares in the company, valued at approximately $3,350,008.20. The trade was a 16.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.10% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on 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 reaffirmed an "equal weight" rating and set a $460.00 target price on shares of Group 1 Automotive in a report on Thursday, January 30th. Citigroup lifted their target price on Group 1 Automotive from $463.00 to $495.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Guggenheim downgraded Group 1 Automotive from a "buy" rating to a "neutral" rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $454.43.
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About Group 1 Automotive
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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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