Fmr LLC Has $217.31 Million Position in Group 1 Automotive, Inc. (NYSE:GPI)

FMR LLC increased its position in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 515,593 shares of the company's stock after buying an additional 107,663 shares during the period. FMR LLC owned 3.87% of Group 1 Automotive worth $217,312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gator Capital Management LLC acquired a new stake in shares of Group 1 Automotive in the fourth quarter valued at approximately $260,000. Titleist Asset Management LLC acquired a new stake in Group 1 Automotive during the 4th quarter valued at $215,000. Wells Fargo & Company MN boosted its position in Group 1 Automotive by 17.5% during the fourth quarter. Wells Fargo & Company MN now owns 42,474 shares of the company's stock worth $17,902,000 after purchasing an additional 6,312 shares during the period. Cinctive Capital Management LP increased its holdings in shares of Group 1 Automotive by 181.3% in the fourth quarter. Cinctive Capital Management LP now owns 21,321 shares of the company's stock valued at $8,986,000 after purchasing an additional 13,742 shares during the last quarter. Finally, May Hill Capital LLC bought a new position in shares of Group 1 Automotive in the fourth quarter valued at about $389,000. 99.92% of the stock is owned by institutional investors.

Group 1 Automotive Price Performance

NYSE:GPI traded down $3.41 during trading hours on Tuesday, reaching $395.27. 142,032 shares of the company were exchanged, compared to its average volume of 145,089. The company has a market capitalization of $5.24 billion, a P/E ratio of 10.76 and a beta of 1.05. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.03 and a quick ratio of 0.24. The business has a 50 day moving average of $425.19 and a 200 day moving average of $414.87. Group 1 Automotive, Inc. has a 1-year low of $262.31 and a 1-year high of $495.32.

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Group 1 Automotive (NYSE:GPI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $10.02 EPS 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%. Research analysts forecast that Group 1 Automotive, Inc. will post 41 EPS for the current year.

Group 1 Automotive Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.50 per share. This is an increase from Group 1 Automotive's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, March 3rd. Group 1 Automotive's payout ratio is currently 5.44%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Stephens reaffirmed an "equal weight" rating and set a $460.00 target price on shares of Group 1 Automotive in a report on Thursday, January 30th. JPMorgan Chase & Co. lowered their target price on Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $450.33.

About Group 1 Automotive

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.