Rockefeller Capital Management L.P. Boosts Stock Position in Group 1 Automotive, Inc. (NYSE:GPI)

Rockefeller Capital Management L.P. raised its stake in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,107 shares of the company's stock after acquiring an additional 4,862 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.29% of Group 1 Automotive worth $16,483,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GPI. Bessemer Group Inc. lifted its holdings in shares of Group 1 Automotive by 119.4% during the 4th quarter. Bessemer Group Inc. now owns 68 shares of the company's stock valued at $29,000 after purchasing an additional 37 shares during the last quarter. R Squared Ltd acquired a new stake in Group 1 Automotive in the fourth quarter worth about $30,000. GAMMA Investing LLC increased its holdings in shares of Group 1 Automotive by 70.4% during the fourth quarter. GAMMA Investing LLC now owns 121 shares of the company's stock valued at $51,000 after acquiring an additional 50 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of Group 1 Automotive by 25.6% in the 4th quarter. Avior Wealth Management LLC now owns 152 shares of the company's stock valued at $64,000 after purchasing an additional 31 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Group 1 Automotive during the 4th quarter worth approximately $66,000. 99.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped 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. Stephens restated an "equal weight" rating and issued a $460.00 price objective on shares of Group 1 Automotive in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $450.33.

Group 1 Automotive Stock Performance

Shares of NYSE GPI traded down $0.20 during midday trading on Friday, reaching $392.50. 179,431 shares of the stock were exchanged, compared to its average volume of 145,581. The firm has a 50-day simple moving average of $420.66 and a two-hundred day simple moving average of $415.52. Group 1 Automotive, Inc. has a twelve month low of $265.32 and a twelve month high of $490.09. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 10.68 and a beta of 1.05. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of 0.92.

Group 1 Automotive (NYSE:GPI - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $10.02 earnings per share for the quarter, topping analysts' consensus estimates of $8.77 by $1.25. Group 1 Automotive had a net margin of 2.47% and a return on equity of 18.09%. As a group, analysts anticipate that Group 1 Automotive, Inc. will post 41 EPS for the current fiscal year.

Group 1 Automotive Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.50 dividend. This is a positive change from Group 1 Automotive's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.51%. Group 1 Automotive's dividend payout ratio (DPR) is 5.44%.

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.