LSV Asset Management cut its holdings in Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 16.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,862 shares of the company's stock after selling 31,494 shares during the quarter. LSV Asset Management owned approximately 1.16% of Group 1 Automotive worth $65,271,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. boosted its stake 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 stake in shares of Group 1 Automotive in the 4th quarter worth approximately $30,000. GAMMA Investing LLC boosted 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 worth $51,000 after purchasing an additional 50 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of Group 1 Automotive by 25.6% in the 4th quarter. Avior Wealth Management LLC now owns 152 shares of the company's stock worth $64,000 after buying an additional 31 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Group 1 Automotive during the fourth quarter valued at $66,000. 99.92% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on GPI. JPMorgan Chase & Co. cut 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. 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $450.33.
Get Our Latest Stock Analysis on GPI
Group 1 Automotive Stock Performance
Shares of GPI traded down $6.58 during mid-day trading on Monday, hitting $398.42. 256,132 shares of the company traded hands, compared to its average volume of 145,101. Group 1 Automotive, Inc. has a 1 year low of $262.31 and a 1 year high of $490.09. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 1.03. The stock has a 50-day moving average price of $426.76 and a two-hundred day moving average price of $415.00. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 10.84 and a beta of 1.05.
Group 1 Automotive (NYSE:GPI - Get Free Report) last released its quarterly 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 return on equity of 18.09% and a net margin of 2.47%. Equities analysts anticipate that Group 1 Automotive, Inc. will post 41 earnings per share for the current year.
Group 1 Automotive Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Monday, March 3rd. This is a boost from Group 1 Automotive's previous quarterly dividend of $0.47. Group 1 Automotive's dividend payout ratio is 5.44%.
About Group 1 Automotive
(
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.
Further Reading
Before you consider Group 1 Automotive, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Group 1 Automotive wasn't on the list.
While Group 1 Automotive currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
