Hotchkis & Wiley Capital Management LLC grew its stake in Group 1 Automotive, Inc. (NYSE:GPI) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 167,938 shares of the company’s stock after buying an additional 2,538 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.81% of Group 1 Automotive worth $12,169,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GPI. Crescent Grove Advisors LLC purchased a new position in shares of Group 1 Automotive in the second quarter worth $21,536,000. The Manufacturers Life Insurance Company raised its holdings in shares of Group 1 Automotive by 19.6% in the second quarter. The Manufacturers Life Insurance Company now owns 1,802,293 shares of the company’s stock worth $114,122,000 after buying an additional 295,967 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Group 1 Automotive by 25.9% in the second quarter. Northern Trust Corp now owns 765,256 shares of the company’s stock worth $48,456,000 after buying an additional 157,223 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Group 1 Automotive by 5.7% in the second quarter. Vanguard Group Inc. now owns 2,275,649 shares of the company’s stock worth $144,095,000 after buying an additional 122,130 shares during the last quarter. Finally, Elliott Management Corp raised its holdings in shares of Group 1 Automotive by 36.5% in the second quarter. Elliott Management Corp now owns 308,362 shares of the company’s stock worth $19,525,000 after buying an additional 82,500 shares during the last quarter. 97.67% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the stock. Buckingham Research cut shares of Group 1 Automotive from a “buy” rating to a “neutral” rating and set a $86.00 price target for the company. in a report on Monday, November 13th. Wells Fargo & Company raised their target price on shares of Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a report on Monday, October 30th. KeyCorp reissued a “hold” rating on shares of Group 1 Automotive in a report on Wednesday, October 4th. Berenberg Bank started coverage on shares of Group 1 Automotive in a report on Wednesday, October 4th. They set a “hold” rating and a $77.00 target price for the company. Finally, Stephens reissued an “equal weight” rating and set a $87.00 target price (up previously from $83.00) on shares of Group 1 Automotive in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $79.00.

Shares of Group 1 Automotive, Inc. (NYSE GPI) traded down $0.01 during trading on Friday, hitting $81.02. 180,683 shares of the company traded hands, compared to its average volume of 262,780. The company has a current ratio of 1.05, a quick ratio of 0.27 and a debt-to-equity ratio of 1.28. Group 1 Automotive, Inc. has a 12-month low of $51.62 and a 12-month high of $84.47. The stock has a market capitalization of $1,690.21, a PE ratio of 10.99, a PEG ratio of 1.56 and a beta of 1.69.

Group 1 Automotive (NYSE:GPI) last issued its earnings results on Thursday, October 26th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.47. Group 1 Automotive had a net margin of 1.20% and a return on equity of 15.69%. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the company posted $1.96 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. analysts predict that Group 1 Automotive, Inc. will post 7.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, November 30th. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.24. Group 1 Automotive’s dividend payout ratio (DPR) is 15.90%.

In related news, VP Peter C. Delongchamps sold 9,110 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $80.16, for a total transaction of $730,257.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John C. Rickel sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $66.99, for a total transaction of $669,900.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,694 shares of company stock worth $5,189,106. 6.08% of the stock is owned by company insiders.

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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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Institutional Ownership by Quarter for Group 1 Automotive (NYSE:GPI)

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