Edgestream Partners L.P. Invests $4.60 Million in Group 1 Automotive, Inc. (NYSE:GPI)

Edgestream Partners L.P. acquired a new position in Group 1 Automotive, Inc. (NYSE:GPI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,032 shares of the company's stock, valued at approximately $4,596,000. Edgestream Partners L.P. owned about 0.09% of Group 1 Automotive at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. lifted its stake in Group 1 Automotive by 2.5% in the first quarter. Xponance Inc. now owns 1,302 shares of the company's stock worth $497,000 after purchasing an additional 32 shares during the last quarter. Sage Rhino Capital LLC lifted its stake in Group 1 Automotive by 10.0% in the first quarter. Sage Rhino Capital LLC now owns 538 shares of the company's stock worth $205,000 after purchasing an additional 49 shares during the last quarter. EULAV Asset Management raised its stake in shares of Group 1 Automotive by 6.6% during the first quarter. EULAV Asset Management now owns 25,815 shares of the company's stock valued at $9,860,000 after acquiring an additional 1,600 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Group 1 Automotive by 23.0% during the first quarter. OneDigital Investment Advisors LLC now owns 771 shares of the company's stock valued at $294,000 after acquiring an additional 144 shares in the last quarter. Finally, Leeward Investments LLC MA bought a new stake in shares of Group 1 Automotive during the first quarter valued at approximately $8,769,000. Institutional investors own 99.92% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GPI shares. Guggenheim downgraded shares of Group 1 Automotive from a "buy" rating to a "neutral" rating in a research note on Wednesday, May 14th. Citigroup lifted 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 note on Tuesday, May 13th. 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. Benchmark assumed coverage on shares of Group 1 Automotive in a report on Tuesday, June 24th. They set a "hold" rating on the stock. Finally, Bank of America lifted their price objective on shares of Group 1 Automotive from $510.00 to $565.00 and gave the company a "buy" rating in a report on Monday, June 16th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Group 1 Automotive presently has an average rating of "Hold" and an average price target of $470.14.

Insiders Place Their Bets

In related news, CFO Daniel James Mchenry sold 3,000 shares of the business's stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 16,674 shares in the company, valued at $7,365,072.54. The trade was a 15.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Michael David Jones sold 1,613 shares of the business's stock in a transaction 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 owned 8,260 shares of the company's stock, valued at $3,350,008.20. This represents a 16.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

Group 1 Automotive Stock Down 0.1%

NYSE GPI traded down $0.27 on Friday, hitting $405.83. The stock had a trading volume of 26,970 shares, compared to its average volume of 166,190. The business's fifty day moving average price is $440.95 and its 200 day moving average price is $431.30. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.00 and a quick ratio of 0.27. Group 1 Automotive, Inc. has a 52-week low of $298.92 and a 52-week high of $490.09. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 1.12 and a beta of 0.90.

Group 1 Automotive (NYSE:GPI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $10.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.68 by $0.49. Group 1 Automotive had a net margin of 2.27% and a return on equity of 17.96%. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.37 billion. During the same period in the previous year, the company earned $9.49 earnings per share. The business's revenue for the quarter was up 23.1% on a year-over-year basis. Equities research analysts anticipate that Group 1 Automotive, Inc. will post 41 earnings per share for the current year.

Group 1 Automotive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, June 2nd. Group 1 Automotive's dividend payout ratio (DPR) is presently 5.61%.

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.