Raymond James & Associates increased its position in Group 1 Automotive, Inc. (NYSE: GPI – Get Rating) by 11.8% in the third quarter, according to its latest Form 13F filing with the Securities and Exchange Commission, according to the institutional investment. House owned 13,741 shares of the company after purchasing another 1,452 shares during the quarter. Raymond James & Associates held his 0.09% stake in Group 1 Automotive worth $1,963,000 at the end of the most recent quarter.
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Other hedge funds and other institutional investors have also changed positions in the company. 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 worth $49,000 after acquiring an additional 215 shares in the previous quarter. National Bank of Canada FI increased his position in Group 1 Automotive stocks by 19.1% in the second quarter. National Bank of Canada FI now owns 418 shares of the company worth $71,000 after purchasing an additional 67 of his shares during 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 purchasing an additional 179 shares last quarter. Cetera Investment Advisers acquired a new stake in Group 1 Automotive for $202,000 in the first quarter. Finally, EMC Capital Management increased its Group 1 Automotive shares by 49.7% in the second quarter. EMC Capital Management now owns 1,247 shares of the company worth $212,000 after acquiring an additional 414 shares during the previous quarter. Institutional investors and hedge funds own 97.71% of the company’s shares.
Analyst sets new price target
Many analysts have recently commented on the company. StockNews.com began covering Group 1 Automotive in a research report on Wednesday, October 12th. They set a “buy” rating for the company. JPMorgan Chase & Co. upgraded its Group 1 Automotive shares from a ‘neutral’ rating to an ‘overweight’ rating and set a price target for the company at $210.00 in a research report on Thursday, Oct. 6. Finally, Morgan Stanley lowered its price target on Group 1 automotive stocks to $134.00 from his $142.00, giving it an “underweight” rating in its research report on Tuesday, Jan. 17.
Group 1 auto stocks fall 0.7%
GPI opened Tuesday at $195.57. Group 1 Automotive, Inc. has a 12-month low of $136.16 and a 12-month high of $200.86. The 50-day moving average for this business is $186.39 and the 200-day moving average is $175.56. The company has a debt to equity ratio of 0.81, a current ratio of 1.03 and a quick ratio of 0.31. The stock has a market cap of $2.85 billion, a price/earnings ratio of 4.76, a price/earnings ratio of 1.74 and a beta of 1.49.
Group 1 Automotive (NYSE:GPI – Get Rating) announced final results on Wednesday, Oct. 26. The company posted his earnings per share (EPS) of $12.00 for the quarter, beating consensus expectations of $10.99 by $1.01. Group 1 Automotive had a net profit margin of 4.32% and a return on equity of 36.79%. The business generated $4.16 billion in revenue for the quarter, compared to analyst expectations of $4.07 billion. On average, research analysts expect Group 1 Automotive, Inc. to post his 45.18 earnings per share this year.
Group 1 Automotive dividend increase
The company also recently announced its quarterly dividend, which was paid on Thursday, December 15th. A dividend of $0.39 per share was issued to shareholders of record on Thursday, December 1. This represents his $1.56 dividend and his 0.80% dividend yield on an annual basis. This is up from Group 1 Automotive’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, November 30. Group 1 Automotive’s payout ratio is currently 3.80%.
In another news from Group 1 Automotive, CEO Earl J. Hesterberg sold 30,000 shares in the company in a transaction on Thursday, October 27th. The shares sold for an average of $173.74 and the total transaction value he was $5,212,200.00. Following the closing of the sale, the CEO now directly owns his 8,974 shares of the company, valued at $1,559,142.76. The sale was disclosed in legal filings with the U.S. Securities and Exchange Commission, which can be accessed via this hyperlink. In another news from Group 1 Automotive, CEO Earl J. Hesterberg sold 30,000 shares in the company in a transaction that took place Thursday, October 27th. The shares sold for an average of $173.74 and the total transaction value he was $5,212,200.00. Following the closing of the sale, the CEO now directly owns his 8,974 shares of the company, valued at $1,559,142.76. The transaction was disclosed in legal filings with the SEC and is available at this link. COO Darryl Kenningham also sold 1,000 shares of the company in a transaction on Thursday, November 3rd. The shares sold at an average price of $175.00, and the transaction totaled him $175,000.00. Following the closing of the transaction, the Chief Operating Officer now directly owns 17,156 shares of the company’s stock valued at approximately $3,002,300. Please see here for the disclosure of this sale. In the past 90 days, the insider has sold 49,925 shares of his company stock worth $8,920,415. 3.80% of the shares are now owned by insiders.
Group 1 Automotive 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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