Group 1 Automotive Inc. (NYSE:GPI) announced a quarterly dividend on Wednesday, November 9th. Investors of record on Thursday, December 1st will be paid a dividend of 0.23 per share on Thursday, December 15th. This represents a $0.92 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, November 29th.

Shares of Group 1 Automotive (NYSE:GPI) opened at 72.32 on Thursday. Group 1 Automotive has a 52 week low of $47.31 and a 52 week high of $83.43. The company’s 50-day moving average is $62.94 and its 200-day moving average is $59.84. The firm has a market cap of $1.48 billion, a PE ratio of 19.76 and a beta of 1.38.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, October 20th. The company reported $1.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by $0.13. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Group 1 Automotive had a net margin of 0.72% and a return on equity of 17.77%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.91 EPS. Analysts forecast that Group 1 Automotive will post $7.35 EPS for the current fiscal year.

Dividend History for Group 1 Automotive (NYSE:GPI)

GPI has been the topic of a number of analyst reports. Seaport Global Securities initiated coverage on shares of Group 1 Automotive in a research note on Tuesday, August 9th. They set a “neutral” rating on the stock. TheStreet upgraded shares of Group 1 Automotive from a “hold” rating to a “buy” rating in a research note on Thursday, September 15th. Zacks Investment Research upgraded shares of Group 1 Automotive from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Tuesday, September 27th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $61.00 price objective (down previously from $64.00) on shares of Group 1 Automotive in a research note on Saturday, October 8th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $63.33.

In other Group 1 Automotive news, VP Darryl M. Burman sold 2,000 shares of Group 1 Automotive stock in a transaction on Monday, August 29th. The shares were sold at an average price of $58.90, for a total value of $117,800.00. Following the completion of the transaction, the vice president now owns 72,633 shares of the company’s stock, valued at $4,278,083.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Peter C. Delongchamps sold 7,500 shares of Group 1 Automotive stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $61.22, for a total transaction of $459,150.00. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in GPI. Stevens Capital Management LP acquired a new position in Group 1 Automotive during the second quarter worth approximately $1,529,000. Teachers Advisors Inc. increased its position in Group 1 Automotive by 22.6% in the second quarter. Teachers Advisors Inc. now owns 213,689 shares of the company’s stock worth $10,548,000 after buying an additional 39,373 shares in the last quarter. TFS Capital LLC increased its position in Group 1 Automotive by 16.9% in the second quarter. TFS Capital LLC now owns 15,394 shares of the company’s stock worth $760,000 after buying an additional 2,221 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Group 1 Automotive by 13.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 433,875 shares of the company’s stock worth $21,416,000 after buying an additional 50,900 shares in the last quarter. Finally, Deere & Co. increased its position in Group 1 Automotive by 369.6% in the second quarter. Deere & Co. now owns 28,873 shares of the company’s stock worth $1,425,000 after buying an additional 22,724 shares in the last quarter. 96.39% of the stock is owned by hedge funds and other institutional investors.

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About Group 1 Automotive

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.

5 Day Chart for NYSE:GPI

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