March 29, 2024

Out post-es

Automotive rocks

Group 1 Automotive, Inc. (NYSE:GPI) Shares Acquired by Cwm LLC

[ad_1]

Cwm LLC lifted its stake in shares of Group 1 Automotive, Inc. (NYSE:GPIGet Rating) by 35.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,045 shares of the company’s stock after acquiring an additional 275 shares during the period. Cwm LLC’s holdings in Group 1 Automotive were worth $175,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. PDT Partners LLC acquired a new stake in shares of Group 1 Automotive during the fourth quarter valued at $443,000. CIBC Asset Management Inc boosted its stake in shares of Group 1 Automotive by 11.1% during the fourth quarter. CIBC Asset Management Inc now owns 2,215 shares of the company’s stock valued at $432,000 after acquiring an additional 221 shares during the last quarter. Evanson Asset Management LLC acquired a new stake in shares of Group 1 Automotive during the fourth quarter valued at $225,000. Public Sector Pension Investment Board boosted its stake in Group 1 Automotive by 1.0% in the 4th quarter. Public Sector Pension Investment Board now owns 36,871 shares of the company’s stock worth $7,198,000 after buying an additional 350 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Group 1 Automotive by 20.4% in the 4th quarter. Teacher Retirement System of Texas now owns 3,335 shares of the company’s stock worth $651,000 after buying an additional 564 shares during the last quarter. 99.57% of the stock is currently owned by institutional investors and hedge funds.

Group 1 Automotive stock opened at $163.72 on Tuesday. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 4.49, a price-to-earnings-growth ratio of 0.28 and a beta of 1.48. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.02 and a quick ratio of 0.34. Group 1 Automotive, Inc. has a 12 month low of $145.72 and a 12 month high of $212.23. The stock’s 50-day moving average is $177.18 and its 200-day moving average is $178.24.

Group 1 Automotive (NYSE:GPIGet Rating) last announced its earnings results on Wednesday, April 27th. The company reported $10.81 EPS for the quarter, beating the consensus estimate of $9.45 by $1.36. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.77 billion. Group 1 Automotive had a return on equity of 38.47% and a net margin of 4.45%. The company’s revenue was up 30.1% on a year-over-year basis. During the same period last year, the business posted $5.57 EPS. Research analysts anticipate that Group 1 Automotive, Inc. will post 41.89 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were issued a dividend of $0.37 per share. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Tuesday, May 31st. Group 1 Automotive’s dividend payout ratio (DPR) is presently 4.07%.

In other Group 1 Automotive news, VP Michael David Jones sold 1,000 shares of Group 1 Automotive stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $181.49, for a total transaction of $181,490.00. Following the sale, the vice president now directly owns 12,972 shares in the company, valued at approximately $2,354,288.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Frank Grese sold 910 shares of Group 1 Automotive stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $185.86, for a total value of $169,132.60. Following the sale, the senior vice president now owns 21,714 shares in the company, valued at $4,035,764.04. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

A number of analysts have issued reports on the company. StockNews.com raised Group 1 Automotive from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 6th. Morgan Stanley downgraded Group 1 Automotive from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $187.00 to $160.00 in a report on Friday, May 20th. Finally, JPMorgan Chase & Co. downgraded Group 1 Automotive from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $240.00 to $200.00 in a report on Thursday, April 7th.

Group 1 Automotive Company Profile (Get Rating)

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It operates primarily in 17 states in the United States; and 35 towns in the United Kingdom.

Featured Articles

Want to see what other hedge funds are holding GPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Group 1 Automotive, Inc. (NYSE:GPIGet Rating).

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

Want More Great Investing Ideas?

Receive News & Ratings for Group 1 Automotive Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Group 1 Automotive and related companies with MarketBeat.com’s FREE daily email newsletter.

[ad_2]

Source link