Man Group plc Purchases Shares of 25,238 Group 1 Automotive, Inc. $GPI

Man Group plc bought a new stake in Group 1 Automotive, Inc. (NYSE:GPI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,238 shares of the company's stock, valued at approximately $7,349,000. Man Group plc owned 0.21% of Group 1 Automotive at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in shares of Group 1 Automotive by 6.1% in the 2nd quarter. NewEdge Advisors LLC now owns 471 shares of the company's stock worth $206,000 after acquiring an additional 27 shares during the period. Lido Advisors LLC increased its stake in shares of Group 1 Automotive by 3.4% during the fourth quarter. Lido Advisors LLC now owns 935 shares of the company's stock valued at $399,000 after acquiring an additional 31 shares during the period. CWM LLC raised its holdings in Group 1 Automotive by 7.2% during the fourth quarter. CWM LLC now owns 551 shares of the company's stock worth $217,000 after purchasing an additional 37 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in Group 1 Automotive by 3.3% during the second quarter. Evergreen Capital Management LLC now owns 1,156 shares of the company's stock worth $505,000 after purchasing an additional 37 shares in the last quarter. Finally, State of Wyoming lifted its position in Group 1 Automotive by 28.2% in the fourth quarter. State of Wyoming now owns 191 shares of the company's stock worth $75,000 after purchasing an additional 42 shares during the period. Institutional investors and hedge funds own 99.92% of the company's stock.

Group 1 Automotive Price Performance

GPI opened at $263.66 on Friday. The stock has a fifty day moving average price of $292.47 and a 200 day moving average price of $315.28. The company has a current ratio of 1.02, a quick ratio of 0.25 and a debt-to-equity ratio of 1.03. Group 1 Automotive, Inc. has a 1 year low of $249.54 and a 1 year high of $488.39. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 0.80 and a beta of 0.82.

Group 1 Automotive (NYSE:GPI - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $9.61 EPS for the quarter, missing the consensus estimate of $10.60 by ($0.99). The business had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $5.66 billion. Group 1 Automotive had a return on equity of 15.66% and a net margin of 1.31%.The business's revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $10.82 earnings per share. Analysts forecast that Group 1 Automotive, Inc. will post 38.96 EPS for the current fiscal year.

Group 1 Automotive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.20 dividend on an annualized basis and a yield of 0.8%. Group 1 Automotive's payout ratio is 9.16%.

Analyst Ratings Changes

GPI has been the subject of several research reports. JPMorgan Chase & Co. cut Group 1 Automotive from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $380.00 to $320.00 in a research note on Friday, July 31st. Morgan Stanley reaffirmed an "equal weight" rating and issued a $300.00 price objective (down from $400.00) on shares of Group 1 Automotive in a research note on Friday, August 7th. Evercore set a $360.00 target price on shares of Group 1 Automotive in a research note on Tuesday, August 4th. Barclays reduced their target price on shares of Group 1 Automotive from $435.00 to $365.00 and set an "overweight" rating for the company in a report on Wednesday, August 19th. Finally, Benchmark reaffirmed a "buy" rating on shares of Group 1 Automotive in a report on Friday, July 10th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $392.44.

Group 1 Automotive Company Profile

Group 1 Automotive, Inc NYSE: GPI is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.

Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.

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