Envestnet Asset Management Inc. Has $16.52 Million Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

Envestnet Asset Management Inc. trimmed its stake in Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 9.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,246 shares of the company's stock after selling 4,614 shares during the quarter. Envestnet Asset Management Inc. owned about 0.33% of Group 1 Automotive worth $16,518,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GPI. OneDigital Investment Advisors LLC raised its holdings in Group 1 Automotive by 23.0% in 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. Leeward Investments LLC MA acquired a new stake in shares of Group 1 Automotive during the first quarter worth $8,769,000. Principal Financial Group Inc. raised its holdings in shares of Group 1 Automotive by 2.5% during the first quarter. Principal Financial Group Inc. now owns 69,255 shares of the company's stock worth $26,452,000 after purchasing an additional 1,679 shares during the period. Teacher Retirement System of Texas grew its position in shares of Group 1 Automotive by 46.0% during the first quarter. Teacher Retirement System of Texas now owns 4,790 shares of the company's stock worth $1,830,000 after acquiring an additional 1,509 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Group 1 Automotive by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,574 shares of the company's stock worth $983,000 after acquiring an additional 903 shares during the last quarter. 99.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Group 1 Automotive news, VP Michael David Jones sold 1,613 shares of the company's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $405.57, for a total transaction of $654,184.41. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Daniel James Mchenry sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $441.71, for a total value of $1,325,130.00. Following the transaction, the chief financial officer directly owned 16,674 shares of the company's stock, valued at approximately $7,365,072.54. This trade represents a 15.25% decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

Group 1 Automotive Price Performance

Shares of NYSE GPI traded up $1.89 during midday trading on Monday, reaching $412.91. 149,636 shares of the company traded hands, compared to its average volume of 152,292. The firm has a market cap of $5.34 billion, a PE ratio of 11.59, a PEG ratio of 1.02 and a beta of 0.90. The stock's 50-day simple moving average is $440.58 and its 200-day simple moving average is $431.40. Group 1 Automotive, Inc. has a 12 month low of $298.92 and a 12 month high of $490.09. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 1.00.

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, beating analysts' consensus estimates of $9.68 by $0.49. The business had revenue of $5.51 billion during the quarter, compared to analysts' expectations of $5.37 billion. Group 1 Automotive had a return on equity of 17.96% and a net margin of 2.27%. The firm's revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the business posted $9.49 earnings per share. As a group, equities analysts anticipate that Group 1 Automotive, Inc. will post 41 earnings per share for the current fiscal year.

Group 1 Automotive Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. Group 1 Automotive's payout ratio is currently 5.61%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GPI. Bank of America increased their target price on shares of Group 1 Automotive from $510.00 to $565.00 and gave the company a "buy" rating in a research report on Monday, June 16th. JPMorgan Chase & Co. lowered shares of Group 1 Automotive from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $435.00 to $415.00 in a research report on Thursday. Wall Street Zen lowered shares of Group 1 Automotive from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Guggenheim lowered shares of Group 1 Automotive from a "buy" rating to a "neutral" rating in a research report on Wednesday, May 14th. Finally, Citigroup raised their price objective on shares of Group 1 Automotive from $463.00 to $495.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $470.14.

About Group 1 Automotive

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.