Group 1 Automotive, Inc. $GPI Shares Acquired by Brooklyn Investment Group

Key Points

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Brooklyn Investment Group grew its position in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 95,100.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 952 shares of the company's stock after acquiring an additional 951 shares during the period. Brooklyn Investment Group's holdings in Group 1 Automotive were worth $364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Captrust Financial Advisors grew its stake in shares of Group 1 Automotive by 4.2% in the 4th quarter. Captrust Financial Advisors now owns 571 shares of the company's stock worth $241,000 after buying an additional 23 shares during the last quarter. Fifth Third Bancorp boosted its stake in Group 1 Automotive by 24.8% during the 1st quarter. Fifth Third Bancorp now owns 146 shares of the company's stock valued at $56,000 after purchasing an additional 29 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Group 1 Automotive by 2.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,144 shares of the company's stock valued at $437,000 after purchasing an additional 30 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in Group 1 Automotive by 1.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 2,718 shares of the company's stock valued at $1,038,000 after purchasing an additional 31 shares during the last quarter. Finally, Xponance Inc. boosted its stake in Group 1 Automotive by 2.5% during the 1st quarter. Xponance Inc. now owns 1,302 shares of the company's stock valued at $497,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 99.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wall Street Zen raised Group 1 Automotive from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. JPMorgan Chase & Co. raised their target price on Group 1 Automotive from $415.00 to $425.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Bank of America raised their target price on Group 1 Automotive from $510.00 to $565.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Zacks Research lowered Group 1 Automotive from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, Benchmark assumed coverage on Group 1 Automotive in a research note on Tuesday, June 24th. They issued a "hold" rating for the company. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $479.43.

Group 1 Automotive Trading Up 5.6%

NYSE:GPI traded up $24.8130 during midday trading on Friday, hitting $470.1430. The stock had a trading volume of 142,660 shares, compared to its average volume of 151,211. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.16 and a beta of 0.83. Group 1 Automotive, Inc. has a one year low of $336.33 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. The stock has a 50-day moving average of $439.42 and a 200 day moving average of $428.98.

Group 1 Automotive (NYSE:GPI - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $11.52 EPS for the quarter, topping analysts' consensus estimates of $10.31 by $1.21. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.65 billion. Group 1 Automotive had a net margin of 2.18% and a return on equity of 18.10%. Group 1 Automotive's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $9.82 earnings per share. As a group, sell-side analysts forecast that Group 1 Automotive, Inc. will post 41 EPS for the current year.

Group 1 Automotive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 2nd. Group 1 Automotive's dividend payout ratio is presently 5.51%.

Insider Activity

In other Group 1 Automotive news, 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 value of $219,439.50. Following the transaction, the director directly owned 8 shares of the company's stock, valued at $3,343.84. This trade represents a 98.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Daniel James Mchenry sold 3,000 shares of Group 1 Automotive stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $441.71, for a total transaction of $1,325,130.00. Following the sale, the chief financial officer directly owned 16,674 shares in the company, valued at approximately $7,365,072.54. The trade was a 15.25% decrease in their position. The disclosure for this sale can be found here. Corporate 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.