Covalis Capital LLP lowered its stake in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 38.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,870 shares of the company's stock after selling 7,386 shares during the period. Covalis Capital LLP owned about 0.09% of Group 1 Automotive worth $5,003,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GPI. Bessemer Group Inc. boosted its stake in shares of Group 1 Automotive by 119.4% during the 4th 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 acquired a new position in Group 1 Automotive during the fourth quarter worth $30,000. GAMMA Investing LLC boosted its position in Group 1 Automotive by 70.4% during the fourth 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 holdings in Group 1 Automotive by 25.6% in the fourth quarter. Avior Wealth Management LLC now owns 152 shares of the company's stock valued at $64,000 after purchasing an additional 31 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Group 1 Automotive during the 4th quarter worth $66,000. 99.92% of the stock is currently owned by institutional investors and hedge funds.
Group 1 Automotive Trading Down 1.3 %
GPI stock traded down $4.96 during midday trading on Monday, hitting $386.42. The stock had a trading volume of 139,593 shares, compared to its average volume of 145,557. Group 1 Automotive, Inc. has a 12-month low of $265.32 and a 12-month high of $490.09. The firm has a market cap of $5.12 billion, a PE ratio of 10.51 and a beta of 1.05. The company's 50-day moving average price is $418.92 and its 200 day moving average price is $415.64. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.03 and a quick ratio of 0.24.
Group 1 Automotive (NYSE:GPI - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported $10.02 EPS 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%. On average, equities research analysts predict 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 announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.52%. This is an increase from Group 1 Automotive's previous quarterly dividend of $0.47. The ex-dividend date was Monday, March 3rd. Group 1 Automotive's payout ratio is presently 5.44%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on GPI shares. JPMorgan Chase & Co. dropped their target price on shares of Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating for the company in a report 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 note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $450.33.
Read Our Latest Research Report on Group 1 Automotive
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.
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