1,862 Shares in Group 1 Automotive, Inc. $GPI Acquired by Private Advisor Group LLC

Private Advisor Group LLC bought a new stake in Group 1 Automotive, Inc. (NYSE:GPI) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,862 shares of the company’s stock, valued at approximately $616,000.

Other large investors also recently modified their holdings of the company. NewEdge Advisors LLC grew its position in shares of Group 1 Automotive by 6.1% in the 2nd quarter. NewEdge Advisors LLC now owns 471 shares of the company’s stock valued at $206,000 after buying an additional 27 shares during the last quarter. Signaturefd LLC boosted its holdings in Group 1 Automotive by 54.9% during the fourth quarter. Signaturefd LLC now owns 79 shares of the company’s stock worth $31,000 after buying an additional 28 shares in the last quarter. Lido Advisors LLC increased its position in shares of Group 1 Automotive by 3.4% in the fourth quarter. Lido Advisors LLC now owns 935 shares of the company’s stock valued at $399,000 after buying an additional 31 shares in the last quarter. Assetmark Inc. grew its position in shares of 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 during the last quarter. Finally, CWM LLC grew its holdings in Group 1 Automotive by 7.2% during the 4th quarter. CWM LLC now owns 551 shares of the company’s stock valued at $217,000 after buying an additional 37 shares during the last quarter. 99.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GPI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Group 1 Automotive in a report on Friday, June 12th. DA Davidson set a $425.00 price target on shares of Group 1 Automotive in a report on Friday, July 10th. Benchmark restated a “buy” rating on shares of Group 1 Automotive in a report on Friday, July 10th. Evercore set a $440.00 price target on shares of Group 1 Automotive in a research report on Tuesday, July 7th. Finally, Barclays lowered their price target on Group 1 Automotive from $470.00 to $435.00 and set an “overweight” rating for the company in a report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Group 1 Automotive has an average rating of “Moderate Buy” and a consensus target price of $426.89.

Group 1 Automotive Stock Up 6.7%

NYSE GPI opened at $319.17 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.95 and a debt-to-equity ratio of 1.00. Group 1 Automotive, Inc. has a fifty-two week low of $279.10 and a fifty-two week high of $488.39. The business has a 50 day moving average price of $314.84 and a two-hundred day moving average price of $337.18. The stock has a market cap of $3.80 billion, a PE ratio of 12.19, a P/E/G ratio of 0.79 and a beta of 0.83.

Group 1 Automotive (NYSE:GPI) last posted its earnings results on Thursday, April 30th. The company reported $8.66 EPS 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 return on equity of 16.63% and a net margin of 1.46%.The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $10.17 earnings per share. As a group, sell-side analysts predict that Group 1 Automotive, Inc. will post 41.78 EPS for the current fiscal year.

Group 1 Automotive Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders 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 dividend on an annualized basis and a yield of 0.7%. Group 1 Automotive’s payout ratio is currently 8.40%.

Group 1 Automotive Company Profile

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.