Group 1 Automotive, Inc. (NYSE:GPI) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its position in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 91.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,869 shares of the company's stock after acquiring an additional 16,191 shares during the quarter. Deutsche Bank AG owned 0.25% of Group 1 Automotive worth $14,275,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GPI. Bessemer Group Inc. increased 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 valued at $29,000 after buying an additional 37 shares in the last quarter. R Squared Ltd purchased a new position in Group 1 Automotive in the 4th quarter valued at approximately $30,000. Avior Wealth Management LLC increased its stake in Group 1 Automotive by 25.6% in the 4th quarter. Avior Wealth Management LLC now owns 152 shares of the company's stock valued at $64,000 after purchasing an additional 31 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Group 1 Automotive during the fourth quarter worth $66,000. Finally, Global Retirement Partners LLC boosted its position in Group 1 Automotive by 59.3% during the fourth quarter. Global Retirement Partners LLC now owns 188 shares of the company's stock worth $79,000 after purchasing an additional 70 shares in the last quarter. 99.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Group 1 Automotive Trading Down 1.6%

Shares of GPI stock traded down $6.93 during mid-day trading on Wednesday, hitting $433.99. 14,206 shares of the company's stock were exchanged, compared to its average volume of 161,531. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 11.81 and a beta of 0.94. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of 0.92. 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 50-day simple moving average of $405.62 and a two-hundred day simple moving average of $424.58.

Group 1 Automotive (NYSE:GPI - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $10.17 earnings per share for the quarter, topping the consensus estimate of $9.68 by $0.49. The firm had revenue of $5.51 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the prior year, the business posted $9.49 earnings per share. Equities analysts expect that Group 1 Automotive, Inc. will post 41 EPS for the current fiscal year.

Group 1 Automotive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.00 annualized dividend and a dividend yield of 0.46%. Group 1 Automotive's dividend payout ratio is presently 5.61%.

Insider Buying and Selling

In other Group 1 Automotive news, VP Michael David Jones sold 1,613 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $405.57, for a total transaction of $654,184.41. Following the transaction, the vice president now owns 8,260 shares of the company's stock, valued at $3,350,008.20. This trade represents a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.10% of the company's stock.

About Group 1 Automotive

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.