Bank of New York Mellon Corp acquired a new stake in Group 1 Automotive, Inc. (NYSE:GPI - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 92,731 shares of the company's stock, valued at approximately $27,000,000. Bank of New York Mellon Corp owned about 0.78% of Group 1 Automotive at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Johnson Financial Group Inc. purchased a new stake in Group 1 Automotive in the 3rd quarter valued at approximately $55,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Group 1 Automotive in the fourth quarter valued at $57,000. Global Retirement Partners LLC raised its stake in shares of Group 1 Automotive by 78.5% during the 4th quarter. Global Retirement Partners LLC now owns 191 shares of the company's stock worth $75,000 after buying an additional 84 shares during the last quarter. State of Wyoming boosted its position in shares of Group 1 Automotive by 28.2% in the 4th quarter. State of Wyoming now owns 191 shares of the company's stock worth $75,000 after buying an additional 42 shares in the last quarter. Finally, Clearstead Advisors LLC increased its holdings in Group 1 Automotive by 178.0% during the 4th quarter. Clearstead Advisors LLC now owns 228 shares of the company's stock valued at $90,000 after acquiring an additional 146 shares in the last quarter. 99.92% of the stock is owned by institutional investors and hedge funds.
Group 1 Automotive Price Performance
GPI stock opened at $263.66 on Friday. The company has a market cap of $3.14 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 0.80 and a beta of 0.82. The company has a current ratio of 1.02, a quick ratio of 0.25 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average price of $292.47 and a two-hundred day moving average price of $315.28. Group 1 Automotive, Inc. has a 12-month low of $249.54 and a 12-month high of $488.39.
Group 1 Automotive (NYSE:GPI - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $9.61 earnings per share for the quarter, missing the consensus estimate of $10.60 by ($0.99). Group 1 Automotive had a net margin of 1.31% and a return on equity of 15.66%. The firm had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.66 billion. During the same period in the prior year, the firm earned $10.82 earnings per share. The business's revenue for the quarter was down 5.6% on a year-over-year basis. As a group, research analysts predict that Group 1 Automotive, Inc. will post 38.96 EPS for the current year.
Group 1 Automotive Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.55 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.20 annualized dividend and a dividend yield of 0.8%. Group 1 Automotive's dividend payout ratio is 9.16%.
Analyst Upgrades and Downgrades
GPI has been the topic of a number of analyst reports. Citigroup increased their target price on Group 1 Automotive from $420.00 to $462.00 and gave the company a "buy" rating in a report on Monday, May 11th. Seaport Research Partners set a $420.00 price objective on Group 1 Automotive in a research report on Monday, August 3rd. DA Davidson set a $425.00 price objective on Group 1 Automotive in a research report on Friday, July 10th. JPMorgan Chase & Co. cut Group 1 Automotive from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $380.00 to $320.00 in a research report on Friday, July 31st. Finally, UBS Group cut their target price on shares of Group 1 Automotive from $338.00 to $330.00 and set a "neutral" rating for the company in a research note on Friday, July 10th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Group 1 Automotive has a consensus rating of "Hold" and a consensus price target of $392.44.
View Our Latest Stock Report on Group 1 Automotive
Group 1 Automotive Profile
(
Free Report)
Group 1 Automotive, Inc NYSE: GPI is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.
Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Group 1 Automotive, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Group 1 Automotive wasn't on the list.
While Group 1 Automotive currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
