Tabor Asset Management LP Reduces Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

Tabor Asset Management LP lessened its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 38.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,691 shares of the company's stock after selling 4,239 shares during the period. Group 1 Automotive comprises approximately 1.3% of Tabor Asset Management LP's holdings, making the stock its 26th largest holding. Tabor Asset Management LP owned about 0.05% of Group 1 Automotive worth $2,820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GPI. Bessemer Group Inc. grew its position in shares of Group 1 Automotive by 119.4% in the 4th quarter. Bessemer Group Inc. now owns 68 shares of the company's stock worth $29,000 after buying an additional 37 shares during the last quarter. R Squared Ltd bought a new stake in Group 1 Automotive in the fourth quarter valued at $30,000. Avior Wealth Management LLC boosted its holdings in Group 1 Automotive by 25.6% in the fourth quarter. Avior Wealth Management LLC now owns 152 shares of the company's stock valued at $64,000 after acquiring an additional 31 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Group 1 Automotive during the 4th quarter valued at $66,000. Finally, Global Retirement Partners LLC raised its holdings in Group 1 Automotive by 59.3% in the 4th quarter. Global Retirement Partners LLC now owns 188 shares of the company's stock worth $79,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 99.92% of the company's stock.

Insider Activity

In other news, VP Michael David Jones sold 1,613 shares of the firm's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $405.57, for a total value of $654,184.41. Following the transaction, the vice president now directly owns 8,260 shares in the company, valued at $3,350,008.20. This trade represents a 16.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.10% of the stock is owned by corporate insiders.

Group 1 Automotive Stock Up 0.5%

Shares of GPI traded up $2.05 during mid-day trading on Friday, reaching $428.61. The company had a trading volume of 57,768 shares, compared to its average volume of 143,354. Group 1 Automotive, Inc. has a 52 week low of $279.86 and a 52 week high of $490.09. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 1.03. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 11.66 and a beta of 0.94. The firm has a 50-day moving average price of $407.16 and a 200 day moving average price of $425.02.

Group 1 Automotive (NYSE:GPI - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $10.17 EPS for the quarter, topping the consensus estimate of $9.68 by $0.49. Group 1 Automotive had a return on equity of 18.09% and a net margin of 2.47%. The business had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same period in the previous year, the company posted $9.49 earnings per share. The company's revenue for the quarter was up 23.1% compared to the same quarter last year. On average, sell-side analysts forecast that Group 1 Automotive, Inc. will post 41 EPS for the current year.

Group 1 Automotive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, June 2nd. Group 1 Automotive's payout ratio is presently 5.61%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Stephens reaffirmed an "equal weight" rating and set a $460.00 target price on shares of Group 1 Automotive in a research note on Thursday, January 30th. Guggenheim cut Group 1 Automotive from a "buy" rating to a "neutral" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. decreased their target price on Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, Citigroup raised their target price on Group 1 Automotive from $463.00 to $495.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $454.43.

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.