Farringdon Capital Ltd. bought a new stake in Group 1 Automotive, Inc. (NYSE:GPI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 884 shares of the company's stock, valued at approximately $373,000.
Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Group 1 Automotive by 26.4% during the 4th quarter. FMR LLC now owns 515,593 shares of the company's stock valued at $217,312,000 after acquiring an additional 107,663 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Group 1 Automotive by 2.5% during the 4th quarter. Alliancebernstein L.P. now owns 396,401 shares of the company's stock valued at $167,075,000 after acquiring an additional 9,587 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Group 1 Automotive by 111.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 161,216 shares of the company's stock valued at $67,949,000 after acquiring an additional 84,832 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Group 1 Automotive by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 157,515 shares of the company's stock valued at $66,389,000 after acquiring an additional 888 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Group 1 Automotive during the 4th quarter valued at about $65,721,000. Institutional investors and hedge funds own 99.92% of the company's stock.
Group 1 Automotive Stock Up 1.1 %
Shares of Group 1 Automotive stock traded up $4.51 on Thursday, hitting $403.16. 53,904 shares of the company's stock traded hands, compared to its average volume of 170,966. The stock has a market cap of $5.34 billion, a P/E ratio of 10.97 and a beta of 1.05. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of 0.92. The firm's 50-day moving average is $415.54 and its 200 day moving average is $415.41. Group 1 Automotive, Inc. has a 52-week low of $279.86 and a 52-week high of $490.09.
Group 1 Automotive (NYSE:GPI - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported $10.02 EPS for the quarter, beating the consensus estimate of $8.77 by $1.25. Group 1 Automotive had a return on equity of 18.09% and a net margin of 2.47%. Equities analysts anticipate that Group 1 Automotive, Inc. will post 41 earnings per share for the current year.
Group 1 Automotive Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Group 1 Automotive's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 0.50%. Group 1 Automotive's dividend payout ratio (DPR) is 5.44%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on GPI. Stephens reissued an "equal weight" rating and set a $460.00 target price on shares of Group 1 Automotive in a research report on Thursday, January 30th. JPMorgan Chase & Co. dropped their target price on shares of 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. Citigroup began coverage on shares of Group 1 Automotive in a research report on Wednesday. They set a "buy" rating and a $463.00 target price for the company. Finally, Guggenheim dropped their target price on shares of Group 1 Automotive from $502.00 to $426.00 and set a "buy" rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Group 1 Automotive presently has a consensus rating of "Moderate Buy" and an average price target of $449.86.
Check Out Our Latest Report on GPI
Group 1 Automotive Company 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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