Group 1 Automotive Inc. (GPI) CFO John C. Rickel Sells 5,000 Shares
Group 1 Automotive Inc. (NYSE:GPI) CFO John C. Rickel sold 5,000 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $64.31, for a total value of $321,550.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Group 1 Automotive Inc. (NYSE:GPI) opened at 67.86 on Tuesday. The firm has a market cap of $1.39 billion, a PE ratio of 18.55 and a beta of 1.38. Group 1 Automotive Inc. has a one year low of $47.31 and a one year high of $83.43. The firm’s 50-day moving average price is $61.28 and its 200-day moving average price is $59.55.
Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings data on Thursday, October 20th. The company reported $1.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.09 by $0.13. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.89 billion. Group 1 Automotive had a return on equity of 17.77% and a net margin of 0.72%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.91 earnings per share. Equities research analysts expect that Group 1 Automotive Inc. will post $7.35 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.92 annualized dividend and a dividend yield of 1.36%. Group 1 Automotive’s dividend payout ratio is presently 24.02%.
Several institutional investors have recently modified their holdings of GPI. The Manufacturers Life Insurance Company acquired a new position in shares of Group 1 Automotive during the third quarter valued at about $97,705,000. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Group 1 Automotive during the first quarter valued at approximately $26,106,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Group 1 Automotive by 73.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 753,750 shares of the company’s stock valued at $48,150,000 after buying an additional 319,875 shares during the last quarter. Lakewood Capital Management LP boosted its stake in shares of Group 1 Automotive by 62.1% in the second quarter. Lakewood Capital Management LP now owns 443,625 shares of the company’s stock valued at $21,897,000 after buying an additional 170,000 shares during the last quarter. Finally, Towle & Co. boosted its stake in shares of Group 1 Automotive by 125.7% in the second quarter. Towle & Co. now owns 265,491 shares of the company’s stock valued at $13,105,000 after buying an additional 147,850 shares during the last quarter. Institutional investors and hedge funds own 98.21% of the company’s stock.
GPI has been the subject of a number of analyst reports. Zacks Investment Research raised Group 1 Automotive from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Tuesday, September 27th. TheStreet raised Group 1 Automotive from a “hold” rating to a “buy” rating in a research note on Thursday, September 15th. Buckingham Research raised Group 1 Automotive from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 20th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $61.00 price objective (down from $64.00) on shares of Group 1 Automotive in a research note on Saturday, October 8th. Finally, Seaport Global Securities began coverage on Group 1 Automotive in a research note on Tuesday, August 9th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Group 1 Automotive has an average rating of “Hold” and a consensus target price of $64.00.
Group 1 Automotive Company Profile
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.
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