Wolf Group Capital Advisors Sells 1,570 Shares of Group 1 Automotive, Inc. (NYSE:GPI)

Wolf Group Capital Advisors lessened its holdings in Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 19.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,669 shares of the company's stock after selling 1,570 shares during the quarter. Wolf Group Capital Advisors owned 0.05% of Group 1 Automotive worth $2,547,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in Group 1 Automotive by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 157,515 shares of the company's stock worth $66,389,000 after buying an additional 888 shares during the last quarter. Boston Partners increased its position in Group 1 Automotive by 3.3% during the fourth quarter. Boston Partners now owns 74,844 shares of the company's stock worth $31,653,000 after buying an additional 2,405 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 buying an additional 2,000 shares during the period. Cinctive Capital Management LP lifted its position in shares of Group 1 Automotive by 181.3% in the fourth quarter. Cinctive Capital Management LP now owns 21,321 shares of the company's stock valued at $8,986,000 after buying an additional 13,742 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC bought a new position in shares of Group 1 Automotive during the 4th quarter worth approximately $295,000. Institutional investors and hedge funds own 99.92% of the company's stock.

Insider Activity

In other Group 1 Automotive 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 transaction of $654,184.41. Following the transaction, the vice president now 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the chief financial officer now directly owns 16,674 shares of the company's stock, valued at $7,365,072.54. This represents a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.

Group 1 Automotive Stock Performance

GPI stock traded up $4.19 during trading hours on Wednesday, hitting $438.58. 89,529 shares of the stock were exchanged, compared to its average volume of 143,442. Group 1 Automotive, Inc. has a 12 month low of $279.86 and a 12 month high of $490.09. The company has a current ratio of 1.00, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $5.68 billion, a P/E ratio of 12.31, a P/E/G ratio of 1.11 and a beta of 0.91. The company has a 50-day simple moving average of $419.98 and a two-hundred day simple moving average of $427.21.

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, topping analysts' consensus estimates 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 analyst estimates of $5.37 billion. During the same period last year, the firm earned $9.49 earnings per share. Group 1 Automotive's revenue for the quarter was up 23.1% compared to the same quarter last year. On average, analysts forecast that Group 1 Automotive, Inc. will post 41 earnings per share for the current fiscal year.

Group 1 Automotive Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.00 annualized dividend and a dividend yield of 0.46%. Group 1 Automotive's dividend payout ratio is presently 5.61%.

Analysts Set New Price Targets

GPI has been the topic of a number of research analyst reports. Citigroup increased their price target 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. 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 report on Thursday, March 27th. Guggenheim lowered shares of Group 1 Automotive from a "buy" rating to a "neutral" rating in a research report on Wednesday, May 14th. Wall Street Zen upgraded shares of Group 1 Automotive from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, Bank of America upped their price target on shares of Group 1 Automotive from $510.00 to $565.00 and gave the company a "buy" rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Group 1 Automotive presently has an average rating of "Moderate Buy" and an average price target of $473.00.

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.