Group 1 Automotive, Inc. (NYSE:GPI) Shares Acquired by Boston Partners

Boston Partners grew its stake in Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,844 shares of the company's stock after buying an additional 2,405 shares during the quarter. Boston Partners owned 0.56% of Group 1 Automotive worth $31,653,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC lifted its holdings in Group 1 Automotive by 74.7% in the fourth quarter. Intech Investment Management LLC now owns 6,237 shares of the company's stock valued at $2,629,000 after acquiring an additional 2,667 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Group 1 Automotive by 111.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 161,216 shares of the company's stock valued at $67,949,000 after purchasing an additional 84,832 shares during the period. Cibc World Markets Corp purchased a new stake in Group 1 Automotive during the fourth quarter worth $522,000. Corient Private Wealth LLC grew its position in Group 1 Automotive by 11.5% during the fourth quarter. Corient Private Wealth LLC now owns 1,063 shares of the company's stock valued at $448,000 after buying an additional 110 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in Group 1 Automotive by 69.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 990 shares of the company's stock valued at $417,000 after buying an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 99.92% of the company's stock.

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Group 1 Automotive Price Performance

Shares of NYSE:GPI traded up $17.93 during trading on Monday, reaching $418.27. The stock had a trading volume of 121,948 shares, compared to its average volume of 130,807. The business has a fifty day moving average price of $446.47 and a 200-day moving average price of $412.11. 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 market cap of $5.54 billion, a PE ratio of 11.38 and a beta of 1.33.

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 (EPS) for the quarter, topping 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%. On average, equities analysts forecast that Group 1 Automotive, Inc. will post 41 earnings per share for the current fiscal year.

Group 1 Automotive Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.50 dividend. This is an increase from Group 1 Automotive's previous quarterly dividend of $0.47. 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 0.48%. Group 1 Automotive's dividend payout ratio is presently 5.44%.

Analyst Upgrades and Downgrades

GPI has been the topic of a number of analyst reports. Stephens restated an "equal weight" rating and set a $460.00 target price on shares of Group 1 Automotive in a research report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price objective on Group 1 Automotive from $420.00 to $495.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group assumed coverage on Group 1 Automotive in a research report on Friday, December 13th. They set a "buy" rating and a $500.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $460.33.

Group 1 Automotive Profile

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.