Deutsche Bank AG Boosts Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

Deutsche Bank AG grew its position in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 91.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,869 shares of the company's stock after buying an additional 16,191 shares during the period. Deutsche Bank AG owned 0.25% of Group 1 Automotive worth $14,275,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors boosted its position in shares of Group 1 Automotive by 4.2% in the fourth quarter. Captrust Financial Advisors now owns 571 shares of the company's stock worth $241,000 after purchasing an additional 23 shares during the period. Avior Wealth Management LLC boosted its holdings in Group 1 Automotive by 25.6% in the 4th quarter. Avior Wealth Management LLC now owns 152 shares of the company's stock worth $64,000 after buying an additional 31 shares during the period. Bessemer Group Inc. increased its stake in Group 1 Automotive by 119.4% in the 4th quarter. Bessemer Group Inc. now owns 68 shares of the company's stock worth $29,000 after buying an additional 37 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Group 1 Automotive by 13.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 346 shares of the company's stock valued at $146,000 after acquiring an additional 41 shares during the period. Finally, HighPoint Advisor Group LLC lifted its position in shares of Group 1 Automotive by 2.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,536 shares of the company's stock valued at $647,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 99.92% of the company's stock.

Group 1 Automotive Price Performance

GPI stock traded down $3.52 during mid-day trading on Monday, reaching $440.68. The company's stock had a trading volume of 100,208 shares, compared to its average volume of 143,269. The company has a current ratio of 1.03, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The company's 50 day moving average is $404.29 and its two-hundred day moving average is $423.91. Group 1 Automotive, Inc. has a fifty-two week low of $279.86 and a fifty-two week high of $490.09. The stock has a market cap of $5.70 billion, a PE ratio of 11.99 and a beta of 0.94.

Group 1 Automotive (NYSE:GPI - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $10.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.68 by $0.49. The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.37 billion. Group 1 Automotive had a return on equity of 18.09% and a net margin of 2.47%. The firm's quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $9.49 earnings per share. Equities research analysts expect that Group 1 Automotive, Inc. will post 41 EPS for the current year.

Group 1 Automotive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 is presently 5.61%.

Analysts Set New Price Targets

GPI has been the subject of a number of research reports. Citigroup upped their target price on shares of Group 1 Automotive from $463.00 to $495.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. cut their price objective on Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Stephens reiterated an "equal weight" rating and issued a $460.00 target price on shares of Group 1 Automotive in a research report on Thursday, January 30th. Finally, Guggenheim cut Group 1 Automotive from a "buy" rating to a "neutral" rating in a report on Wednesday, May 14th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Group 1 Automotive presently has a consensus rating of "Moderate Buy" and an average price target of $454.43.

Insider Buying and Selling

In related news, VP Michael David Jones sold 1,613 shares of the company's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $405.57, for a total value of $654,184.41. Following the completion of the sale, the vice president now directly owns 8,260 shares of the company's stock, valued at $3,350,008.20. This represents a 16.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.10% of the company's stock.

Group 1 Automotive Company Profile

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.