Envestnet Portfolio Solutions Inc. Sells 838 Shares of Group 1 Automotive, Inc. (NYSE:GPI)

Envestnet Portfolio Solutions Inc. lowered its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 58.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 601 shares of the company's stock after selling 838 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Group 1 Automotive were worth $230,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in shares of Group 1 Automotive by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 157,515 shares of the company's stock worth $66,389,000 after buying an additional 888 shares in the last quarter. Boston Partners grew its position in Group 1 Automotive by 3.3% in the fourth quarter. Boston Partners now owns 74,844 shares of the company's stock valued at $31,653,000 after acquiring an additional 2,405 shares during the period. Charles Schwab Investment Management Inc. grew its position in Group 1 Automotive by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 154,923 shares of the company's stock valued at $65,297,000 after acquiring an additional 2,000 shares during the period. Cinctive Capital Management LP raised its stake in Group 1 Automotive by 181.3% during the fourth quarter. Cinctive Capital Management LP now owns 21,321 shares of the company's stock worth $8,986,000 after acquiring an additional 13,742 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Group 1 Automotive by 315.5% during the first quarter. SG Americas Securities LLC now owns 1,720 shares of the company's stock valued at $657,000 after acquiring an additional 1,306 shares during the period. Institutional investors and hedge funds own 99.92% of the company's stock.

Group 1 Automotive Price Performance

GPI traded up $14.51 during midday trading on Tuesday, hitting $451.22. The company had a trading volume of 181,393 shares, compared to its average volume of 165,097. Group 1 Automotive, Inc. has a twelve month low of $279.86 and a twelve month high of $490.09. The company has a market capitalization of $5.84 billion, a PE ratio of 12.67, a P/E/G ratio of 1.09 and a beta of 0.92. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 1.00. The firm's 50-day simple moving average is $427.81 and its 200-day simple moving average is $428.00.

Group 1 Automotive (NYSE:GPI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $10.17 EPS for the quarter, beating 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 analysts' expectations of $5.37 billion. During the same period in the prior year, the firm earned $9.49 earnings per share. Group 1 Automotive's revenue was up 23.1% compared to the same quarter last year. Equities research analysts predict that Group 1 Automotive, Inc. will post 41 EPS for the current fiscal year.

Group 1 Automotive Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.00 annualized dividend and a dividend yield of 0.44%. Group 1 Automotive's dividend payout ratio (DPR) is currently 5.61%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GPI shares. Citigroup upped their target price on shares of Group 1 Automotive from $463.00 to $495.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Guggenheim lowered shares of Group 1 Automotive from a "buy" rating to a "neutral" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. decreased their price objective on shares of Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Benchmark initiated coverage on shares of Group 1 Automotive in a report on Tuesday, June 24th. They set a "hold" rating for the company. Finally, Wall Street Zen downgraded Group 1 Automotive from a "buy" rating to a "hold" rating in a report on Friday. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Group 1 Automotive currently has an average rating of "Moderate Buy" and an average target price of $473.00.

Insiders Place Their Bets

In other Group 1 Automotive news, VP Michael David Jones sold 1,613 shares of the company's stock in a transaction dated 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 directly owned 8,260 shares in the company, valued at approximately $3,350,008.20. This represents a 16.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Daniel James Mchenry sold 3,000 shares of the firm's stock in a transaction dated 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. This trade represents a 15.25% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.10% of the company's stock.

Group 1 Automotive 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.