Envestnet Asset Management Inc. reduced its position in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,860 shares of the company's stock after selling 3,723 shares during the quarter. Envestnet Asset Management Inc. owned about 0.36% of Group 1 Automotive worth $20,172,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in shares of Group 1 Automotive by 2.3% in the 3rd quarter. Franklin Resources Inc. now owns 156,627 shares of the company's stock worth $55,701,000 after purchasing an additional 3,507 shares in the last quarter. Boston Partners raised its holdings in Group 1 Automotive by 3.3% during the fourth quarter. Boston Partners now owns 74,844 shares of the company's stock worth $31,653,000 after buying an additional 2,405 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Group 1 Automotive by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 154,923 shares of the company's stock valued at $65,297,000 after buying an additional 2,000 shares in the last quarter. Cinctive Capital Management LP grew its holdings in shares of Group 1 Automotive by 181.3% during the fourth quarter. Cinctive Capital Management LP now owns 21,321 shares of the company's stock valued at $8,986,000 after buying an additional 13,742 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC acquired a new stake in shares of Group 1 Automotive in the 4th quarter worth about $295,000. Institutional investors own 99.92% of the company's stock.
Group 1 Automotive Stock Performance
GPI traded down $0.20 during trading on Friday, hitting $392.50. 179,431 shares of the company traded hands, compared to its average volume of 145,581. Group 1 Automotive, Inc. has a one year low of $265.32 and a one year high of $490.09. The stock's fifty day moving average is $420.66 and its 200 day moving average is $415.16. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of 0.92. The firm has a market cap of $5.20 billion, a P/E ratio of 10.68 and a beta of 1.05.
Group 1 Automotive (NYSE:GPI - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported $10.02 earnings per share for the quarter, beating analysts' consensus estimates of $8.77 by $1.25. Group 1 Automotive had a net margin of 2.47% and a return on equity of 18.09%. As a group, equities analysts predict that Group 1 Automotive, Inc. will post 41 EPS for the current fiscal year.
Group 1 Automotive Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.50 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.00 annualized dividend and a yield of 0.51%. This is a positive change from Group 1 Automotive's previous quarterly dividend of $0.47. Group 1 Automotive's dividend payout ratio (DPR) is 5.44%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on GPI shares. Stephens reissued an "equal weight" rating and set a $460.00 price objective on shares of Group 1 Automotive in a report on Thursday, January 30th. JPMorgan Chase & Co. dropped their price target on shares of Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Group 1 Automotive presently has a consensus rating of "Moderate Buy" and a consensus price target of $450.33.
Check Out Our Latest Stock Report on Group 1 Automotive
About Group 1 Automotive
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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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