Farringdon Capital Ltd. acquired a new position in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 884 shares of the company's stock, valued at approximately $373,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bessemer Group Inc. lifted its holdings in Group 1 Automotive by 119.4% during the fourth quarter. Bessemer Group Inc. now owns 68 shares of the company's stock worth $29,000 after acquiring an additional 37 shares in the last quarter. R Squared Ltd bought a new position in shares of Group 1 Automotive during the 4th quarter valued at about $30,000. GAMMA Investing LLC grew its position in shares of Group 1 Automotive by 70.4% in the 4th quarter. GAMMA Investing LLC now owns 121 shares of the company's stock valued at $51,000 after purchasing an additional 50 shares during the period. Avior Wealth Management LLC increased its stake in Group 1 Automotive by 25.6% during the 4th quarter. Avior Wealth Management LLC now owns 152 shares of the company's stock worth $64,000 after purchasing an additional 31 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Group 1 Automotive during the 4th quarter worth approximately $66,000. Institutional investors own 99.92% of the company's stock.
Group 1 Automotive Stock Performance
Group 1 Automotive stock traded down $4.81 during midday trading on Wednesday, reaching $397.02. 209,743 shares of the company's stock were exchanged, compared to its average volume of 171,600. The stock's 50-day simple moving average is $417.23 and its 200 day simple moving average is $415.54. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 10.80 and a beta of 1.05. 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, Inc. has a 52 week low of $279.86 and a 52 week high of $490.09.
Group 1 Automotive (NYSE:GPI - Get Free Report) last posted its earnings results on Wednesday, January 29th. The company reported $10.02 earnings per share for the quarter, topping analysts' consensus estimates of $8.77 by $1.25. Group 1 Automotive had a return on equity of 18.09% and a net margin of 2.47%. On average, analysts expect that Group 1 Automotive, Inc. will post 41 earnings per share for the current fiscal year.
Group 1 Automotive Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.50%. This is a positive change from Group 1 Automotive's previous quarterly dividend of $0.47. Group 1 Automotive's dividend payout ratio is 5.44%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Stephens reissued an "equal weight" rating and set a $460.00 price objective on shares of Group 1 Automotive in a research report on Thursday, January 30th. Citigroup assumed coverage on Group 1 Automotive in a research note on Wednesday. They issued a "buy" rating and a $463.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, Guggenheim decreased their price target on shares of Group 1 Automotive from $502.00 to $426.00 and set a "buy" rating for the company in a research note on Tuesday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $449.86.
Check Out Our Latest Research 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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