Bayforest Capital Ltd purchased a new position in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 968 shares of the company's stock, valued at approximately $370,000.
Several other institutional investors also recently modified their holdings of the business. Bessemer Group Inc. boosted its holdings in shares of 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 during the period. Fifth Third Bancorp lifted its position in shares of Group 1 Automotive by 24.8% in the first quarter. Fifth Third Bancorp now owns 146 shares of the company's stock worth $56,000 after purchasing an additional 29 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Group 1 Automotive in the first quarter worth $87,000. GAMMA Investing LLC lifted its position in shares of Group 1 Automotive by 95.9% in the first quarter. GAMMA Investing LLC now owns 237 shares of the company's stock worth $91,000 after purchasing an additional 116 shares in the last quarter. Finally, Archer Investment Corp bought a new stake in Group 1 Automotive during the first quarter worth $138,000. Institutional investors and hedge funds own 99.92% of the company's stock.
Group 1 Automotive Price Performance
Shares of GPI stock traded down $2.45 on Friday, reaching $409.70. The company had a trading volume of 131,073 shares, compared to its average volume of 189,989. The business's 50-day moving average is $436.46 and its 200 day moving average is $430.91. The stock has a market capitalization of $5.30 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 1.04 and a beta of 0.83. Group 1 Automotive, Inc. has a one year low of $326.91 and a one year high of $490.09. The company has a quick ratio of 0.24, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.
Group 1 Automotive (NYSE:GPI - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $11.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.31 by $1.21. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.65 billion. Group 1 Automotive had a net margin of 2.18% and a return on equity of 18.10%. The firm's quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the business earned $9.82 EPS. Equities research analysts forecast that Group 1 Automotive, Inc. will post 41 EPS for the current fiscal year.
Group 1 Automotive Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, June 2nd. Group 1 Automotive's dividend payout ratio (DPR) is 5.51%.
Insider Buying and Selling
In related news, CFO Daniel James Mchenry sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $441.71, for a total value of $1,325,130.00. Following the completion of the transaction, the chief financial officer owned 16,674 shares in the company, valued at $7,365,072.54. This trade represents a 15.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Mizell sold 525 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $417.98, for a total transaction of $219,439.50. Following the completion of the transaction, the director owned 8 shares of the company's stock, valued at approximately $3,343.84. This trade represents a 98.50% decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $415.00 price target (down from $435.00) on shares of Group 1 Automotive in a research report on Thursday, July 17th. Guggenheim downgraded shares of Group 1 Automotive from a "buy" rating to a "neutral" rating in a research note on Wednesday, May 14th. Wall Street Zen downgraded shares of Group 1 Automotive from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Bank of America increased their price objective on shares of Group 1 Automotive from $510.00 to $565.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Finally, Benchmark assumed coverage on shares of Group 1 Automotive in a research note on Tuesday, June 24th. They set a "hold" rating on the stock. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $470.14.
Get Our Latest Report on GPI
About Group 1 Automotive
(
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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