SG Americas Securities LLC reduced its stake in Group 1 Automotive, Inc. (NYSE:GPI – Get Rating) by 41.7% in the third quarter, according to its latest filing with the SEC. The institutional investor owned 4,709 shares in the company after selling his 3,372 shares during the quarter. SG Americas Securities LLC’s holdings in Group 1 Automotive were valued at $673,000 at the end of the most recent reporting period.
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Other institutional investors and hedge funds have also increased or decreased their stakes in the company recently. Ronald Blue Trust Inc. increased his Group 1 Automotive holdings by 316.2% in the third quarter. Ronald Blue Trust Inc. now owns 283 shares of the company, valued at $49,000, after acquiring an additional 215 shares in the previous quarter. National Bank of Canada FI increased its Group 1 car holdings by 19.1% in the second quarter. National Bank of Canada FI owns 418 shares of the company, valued at $71,000, after acquiring an additional 67 shares in the previous quarter. Islay Capital Management LLC increased its stake in Group 1 Automotive by 20.1% in the second quarter. Islay Capital Management LLC now owns 1,069 shares worth $182,000 after acquiring an additional 179 shares in the previous quarter. Cetera Investment Advisers purchased new shares in Group 1 Automotive for $202,000 in the first quarter. Finally, Mirabella Financial Services LLP purchased new shares of Group 1 Automotive in the third quarter for $204,000. Hedge funds and other institutional investors own 97.71% of the company’s shares.
Analyst Rating Change
A number of research firms have recently published reports on GPI. Morgan Stanley lowered its price target for Group 1 Automotive to $134.00 from his $142.00 and set the company’s rating to “underweight” in a report on Tuesday, Jan. 17. JPMorgan Chase & Company upgraded Group 1 Automotive’s stock from ‘neutral’ to ‘overweight’ in a report on Thursday, Oct. 6, setting a target price for the company at $210.00. Finally, StockNews.com began coverage of Group 1 Automotive’s shares in his Wednesday Oct. 12 report. They set a “buy” rating for the company.
Insider trading at Group 1 Automotive
In another news for Group 1 Automotive, CEO Earl J. Hesterberg sold 13,925 shares in the company in a transaction on Thursday, November 17th. The shares were sold at an average price of $189.14, giving him a total of $2,633,774.50. After the transaction, the CEO now owns 76,079 shares of the company’s stock valued at $14,389,582.06. The transaction was disclosed in filings with the Securities and Exchange Commission and is available at this link. In separate news, VP Darryl M. Burman sold 1,000 shares of his stock in a transaction on Thursday, November 10th. The shares sold for an average of $185.00, bringing the total transaction value to him $185,000.00. After the sale, the vice president now owns 22,595 shares of the company stock valued at $4,180,075. The sale is disclosed in filings with the Securities and Exchange Commission, which can be accessed on his website at the SEC. Also, CEO Earl J. Hesterberg sold his 13,925 shares in a deal on Thursday, Nov. 17. The shares sold for an average of $189.14, and the total transaction value he had was $2,633,774.50. After the sale, the CEO now directly owns 76,079 shares in the company, valued at approximately $14,389,582.06. Please see here for the disclosure of this sale. The insider said that in the past 90 days he has sold 49,925 shares of company stock worth $8,920,415. His 3.80% of shares are owned by insiders.
Group 1 car trading up 3.4%
GPI shares opened at $196.89 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.31 and a debt to equity ratio of 0.81. Group 1 Automotive, Inc. has a 12-month low of $136.16 and a 12-month high of $200.86. The company has a 50-day moving average price of $186.26 and a 200-day moving average price of $175.29. The company has a market capitalization of $2.87 billion, a P/E ratio of 4.79, a P/E/G ratio of 1.65 and a beta of 1.49.
Group 1 Automotive (NYSE:GPI – Get Rating) last announced its quarterly earnings data on Wednesday, Oct. 26. The company reported his earnings per share (EPS) of $12.00 for the quarter, beating analyst consensus expectations of $10.99 for him by $1.01. Group 1 Automotive had a net profit margin of 4.32% and a return on equity of 36.79%. The company made $4.16 billion in revenue during the quarter, compared to analyst estimates of $4.07 billion. Sell-side analysts forecast Group 1 Automotive, Inc.’s EPS to be 45.66 for the current year.
Group 1 Automotive dividend increase
The business recently announced a quarterly dividend, which was paid out on Thursday, December 15th. Shareholders of record on Thursday, December 1 were awarded a dividend of $0.39. The ex-dividend date for this dividend is November 30 (Wednesday). This represents his $1.56 dividend and his 0.79% yield on an annual basis. This is up from Group 1 Automotive’s previous quarterly dividend of $0.38. Group 1 Automotive’s payout ratio is currently 3.80%.
Group 1 Auto Company Profile
Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used vehicles, light trucks, vehicle parts, services and insurance policies. Arrange related vehicle financing. We provide automobile maintenance and repair services. It primarily operates in his 17 states in the United States. and 35 towns in the UK.
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