AlphaQuest LLC reduced its stake in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 77.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 422 shares of the company's stock after selling 1,422 shares during the period. AlphaQuest LLC's holdings in Group 1 Automotive were worth $178,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. Amundi boosted its position in shares of Group 1 Automotive by 186.7% during the 4th quarter. Amundi now owns 6,717 shares of the company's stock worth $2,826,000 after purchasing an additional 4,374 shares in the last quarter. Haven Private LLC purchased a new stake in shares of Group 1 Automotive during the 4th quarter worth $258,000. Raymond James Financial Inc. purchased a new stake in shares of Group 1 Automotive during the 4th quarter worth $21,608,000. Aigen Investment Management LP boosted its position in shares of Group 1 Automotive by 7.3% during the 4th quarter. Aigen Investment Management LP now owns 1,770 shares of the company's stock worth $746,000 after purchasing an additional 120 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Group 1 Automotive in the 4th quarter worth about $6,218,000. 99.92% of the stock is currently owned by hedge funds and other institutional investors.
Group 1 Automotive Price Performance
GPI stock traded down $4.86 during trading on Thursday, hitting $395.69. The stock had a trading volume of 148,897 shares, compared to its average volume of 130,556. The company's 50 day moving average price is $447.41 and its two-hundred day moving average price is $411.42. Group 1 Automotive, Inc. has a 1-year low of $262.31 and a 1-year high of $490.09. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 10.77 and a beta of 1.33. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 1.03.
Group 1 Automotive (NYSE:GPI - Get Free Report) last announced its earnings results on Wednesday, January 29th. The company reported $10.02 earnings per share for the quarter, beating the consensus estimate of $8.77 by $1.25. Group 1 Automotive had a net margin of 2.47% and a return on equity of 18.09%. On average, sell-side analysts forecast that Group 1 Automotive, Inc. will post 41 EPS for the current fiscal year.
Group 1 Automotive Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. This is an increase from Group 1 Automotive's previous quarterly dividend of $0.47. Group 1 Automotive's dividend payout ratio is currently 5.44%.
Analysts Set New Price Targets
Several equities research analysts recently commented on GPI shares. Jefferies Financial Group started coverage on shares of Group 1 Automotive in a research report on Friday, December 13th. They issued a "buy" rating and a $500.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Group 1 Automotive from $420.00 to $495.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Stephens reiterated an "equal weight" rating and issued a $460.00 price objective on shares of Group 1 Automotive in a research report on Thursday, January 30th. Finally, Guggenheim boosted their price objective on shares of Group 1 Automotive from $420.00 to $442.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Group 1 Automotive presently has a consensus rating of "Moderate Buy" and a consensus price target of $460.33.
Get Our Latest Stock Report on Group 1 Automotive
Group 1 Automotive Company Profile
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Free Report)
Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. 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.
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