New York State Teachers Retirement System Has $5.40 Million Holdings in Group 1 Automotive, Inc. $GPI

New York State Teachers Retirement System cut its holdings in Group 1 Automotive, Inc. (NYSE:GPI) by 16.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 16,324 shares of the company’s stock after selling 3,240 shares during the quarter. New York State Teachers Retirement System owned about 0.14% of Group 1 Automotive worth $5,397,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in shares of Group 1 Automotive by 54.9% in the fourth quarter. Signaturefd LLC now owns 79 shares of the company’s stock valued at $31,000 after purchasing an additional 28 shares during the last quarter. First Horizon Corp boosted its holdings in Group 1 Automotive by 881.8% during the fourth quarter. First Horizon Corp now owns 108 shares of the company’s stock worth $42,000 after purchasing an additional 97 shares during the last quarter. Torren Management LLC bought a new position in Group 1 Automotive in the fourth quarter valued at $43,000. Assetmark Inc. grew its position in Group 1 Automotive by 40.5% in the fourth quarter. Assetmark Inc. now owns 118 shares of the company’s stock valued at $46,000 after purchasing an additional 34 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in Group 1 Automotive during the 3rd quarter worth about $55,000. 99.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GPI. Evercore set a $440.00 target price on shares of Group 1 Automotive in a report on Tuesday. UBS Group assumed coverage on Group 1 Automotive in a research report on Wednesday, May 27th. They set a “neutral” rating and a $338.00 price target on the stock. Citigroup raised their price objective on Group 1 Automotive from $420.00 to $462.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Group 1 Automotive in a report on Friday, June 12th. Finally, JPMorgan Chase & Co. raised their price target on Group 1 Automotive from $385.00 to $390.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $433.75.

Group 1 Automotive Trading Down 0.1%

Shares of NYSE GPI opened at $296.47 on Wednesday. The firm has a 50 day moving average price of $320.11 and a two-hundred day moving average price of $341.56. The stock has a market cap of $3.53 billion, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 0.68 and a beta of 0.83. Group 1 Automotive, Inc. has a 52-week low of $279.10 and a 52-week high of $488.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.21 and a current ratio of 0.95.

Group 1 Automotive (NYSE:GPI) last released its earnings results on Thursday, April 30th. The company reported $8.66 earnings per share for the quarter, missing analysts’ consensus estimates of $8.82 by ($0.16). The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. Group 1 Automotive had a net margin of 1.46% and a return on equity of 16.63%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $10.17 EPS. As a group, equities analysts forecast that Group 1 Automotive, Inc. will post 42.31 EPS for the current year.

Group 1 Automotive Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.55 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.20 annualized dividend and a dividend yield of 0.7%. Group 1 Automotive’s dividend payout ratio is currently 8.40%.

About Group 1 Automotive

Group 1 Automotive, Inc (NYSE: GPI) is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.

Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.