Northern Trust Corp Has $58.84 Million Position in Group 1 Automotive, Inc. $GPI

Key Points

• Northern Trust Corp reduced its stake in Group 1 Automotive by 2.5%, owning approximately 154,050 shares worth $58.84 million as of the latest SEC filing.
• Institutional investors dominate the ownership of Group 1 Automotive, holding 99.92% of the company's stock.
• The company recently declared a quarterly dividend of $0.50 per share, resulting in an annual yield of 0.4%.

Northern Trust Corp lessened its holdings in Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,050 shares of the company's stock after selling 3,920 shares during the quarter. Northern Trust Corp owned approximately 1.19% of Group 1 Automotive worth $58,839,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GPI. Marshall Wace LLP raised its holdings in Group 1 Automotive by 146.7% in the 4th quarter. Marshall Wace LLP now owns 2,960 shares of the company's stock valued at $1,248,000 after buying an additional 1,760 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Group 1 Automotive by 126.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,963 shares of the company's stock valued at $1,249,000 after buying an additional 1,656 shares during the last quarter. Beacon Pointe Advisors LLC bought a new position in Group 1 Automotive in the 4th quarter valued at approximately $2,330,000. Lido Advisors LLC raised its holdings in Group 1 Automotive by 34.5% in the 4th quarter. Lido Advisors LLC now owns 807 shares of the company's stock valued at $340,000 after buying an additional 207 shares during the last quarter. Finally, Advent International L.P. raised its holdings in Group 1 Automotive by 65.7% in the 4th quarter. Advent International L.P. now owns 203,951 shares of the company's stock valued at $85,961,000 after buying an additional 80,870 shares during the last quarter. Institutional investors own 99.92% of the company's stock.

Insider Buying and Selling at Group 1 Automotive

In related news, CFO Daniel James Mchenry sold 3,000 shares of Group 1 Automotive stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $441.71, for a total value of $1,325,130.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven Mizell sold 525 shares of Group 1 Automotive stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $417.98, for a total transaction of $219,439.50. Following the completion of the sale, the director directly owned 8 shares of the company's stock, valued at approximately $3,343.84. The trade was a 98.50% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company's stock.

Group 1 Automotive Stock Performance

Shares of GPI stock opened at $469.69 on Wednesday. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. Group 1 Automotive, Inc. has a 52 week low of $336.33 and a 52 week high of $490.09. The company has a quick ratio of 0.24, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The firm has a 50 day moving average of $440.75 and a 200-day moving average of $429.26.

Group 1 Automotive (NYSE:GPI - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $11.52 EPS for the quarter, topping the consensus estimate of $10.31 by $1.21. Group 1 Automotive had a net margin of 2.18% and a return on equity of 18.10%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter last year, the firm posted $9.82 EPS. The company's quarterly revenue was up 21.4% on a year-over-year basis. On average, equities analysts forecast that Group 1 Automotive, Inc. will post 41 earnings per share for the current year.

Group 1 Automotive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.00 annualized dividend and a yield of 0.4%. Group 1 Automotive's dividend payout ratio (DPR) is presently 5.51%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GPI shares. Morgan Stanley raised their price target on shares of Group 1 Automotive from $470.00 to $485.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Bank of America raised their price target on shares of Group 1 Automotive from $510.00 to $565.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Benchmark started coverage on shares of Group 1 Automotive in a report on Tuesday, June 24th. They set a "hold" rating for the company. Citigroup raised their price target 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Group 1 Automotive from $415.00 to $425.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Group 1 Automotive has a consensus rating of "Hold" and a consensus price target of $479.43.

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.

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