3,233 Shares in Group 1 Automotive, Inc. (NYSE:GPI) Purchased by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC bought a new position in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,233 shares of the company's stock, valued at approximately $1,235,000.

A number of other institutional investors have also added to or reduced their stakes in GPI. Allspring Global Investments Holdings LLC raised its holdings in shares of Group 1 Automotive by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,574 shares of the company's stock worth $983,000 after buying an additional 903 shares in the last quarter. 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 raised its holdings in shares of Group 1 Automotive by 3.3% in the 4th quarter. Boston Partners now owns 74,844 shares of the company's stock worth $31,653,000 after buying an additional 2,405 shares in the last quarter. Cinctive Capital Management LP raised its holdings in shares of Group 1 Automotive by 181.3% in the 4th quarter. Cinctive Capital Management LP now owns 21,321 shares of the company's stock worth $8,986,000 after buying an additional 13,742 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Group 1 Automotive by 315.5% in the 1st quarter. SG Americas Securities LLC now owns 1,720 shares of the company's stock worth $657,000 after buying an additional 1,306 shares in the last quarter. 99.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Benchmark assumed coverage on Group 1 Automotive in a report on Tuesday, June 24th. They issued a "hold" rating on the stock. Guggenheim downgraded Group 1 Automotive from a "buy" rating to a "neutral" rating in a report on Wednesday, May 14th. Wall Street Zen downgraded Group 1 Automotive from a "buy" rating to a "hold" rating in a report on Friday, June 27th. JPMorgan Chase & Co. downgraded Group 1 Automotive from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $435.00 to $415.00 in a report on Thursday. Finally, Citigroup boosted their target price on Group 1 Automotive from $463.00 to $495.00 and gave the stock a "buy" rating in a 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 stock. Based on data from MarketBeat, Group 1 Automotive presently has an average rating of "Hold" and an average price target of $470.14.

Group 1 Automotive Trading Up 1.2%

GPI traded up $4.81 during mid-day trading on Monday, reaching $415.83. The stock had a trading volume of 30,133 shares, compared to its average volume of 151,822. The stock has a market capitalization of $5.38 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.02 and a beta of 0.90. 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 fifty day simple moving average is $440.58 and its two-hundred day simple moving average is $431.40. Group 1 Automotive, Inc. has a 52 week low of $298.92 and a 52 week high of $490.09.

Group 1 Automotive (NYSE:GPI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $10.17 EPS for the quarter, beating analysts' consensus estimates of $9.68 by $0.49. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.37 billion. Group 1 Automotive had a return on equity of 17.96% and a net margin of 2.27%. The business's quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the company earned $9.49 EPS. On average, equities analysts predict that Group 1 Automotive, Inc. will post 41 EPS for the current year.

Group 1 Automotive Dividend Announcement

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

Insiders Place Their Bets

In related news, CFO Daniel James Mchenry sold 3,000 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $441.71, for a total transaction of $1,325,130.00. Following the sale, the chief financial officer 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 sale, the vice president directly owned 8,260 shares in the company, valued at $3,350,008.20. The trade was a 16.34% decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

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.