Cinctive Capital Management LP Increases Stock Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

Cinctive Capital Management LP grew its holdings in Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 181.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,321 shares of the company's stock after buying an additional 13,742 shares during the quarter. Cinctive Capital Management LP owned about 0.16% of Group 1 Automotive worth $8,986,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its holdings in Group 1 Automotive by 2.1% in the third quarter. State Street Corp now owns 541,766 shares of the company's stock valued at $207,518,000 after acquiring an additional 10,969 shares during the period. FMR LLC lifted its stake in shares of Group 1 Automotive by 133.0% in the third quarter. FMR LLC now owns 407,930 shares of the company's stock valued at $156,253,000 after purchasing an additional 232,846 shares during the period. Alliancebernstein L.P. boosted its holdings in Group 1 Automotive by 2.5% during the fourth quarter. Alliancebernstein L.P. now owns 396,401 shares of the company's stock worth $167,075,000 after buying an additional 9,587 shares in the last quarter. Geode Capital Management LLC grew its position in Group 1 Automotive by 0.7% during the third quarter. Geode Capital Management LLC now owns 305,602 shares of the company's stock worth $117,080,000 after buying an additional 1,985 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in Group 1 Automotive by 111.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 161,216 shares of the company's stock valued at $67,949,000 after buying an additional 84,832 shares in the last quarter. 99.92% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GPI. Jefferies Financial Group initiated coverage on Group 1 Automotive in a research note on Friday, December 13th. They set a "buy" rating and a $500.00 price target on the stock. Stephens reiterated 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. Finally, 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 report on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $450.33.

Group 1 Automotive Price Performance

NYSE:GPI traded down $4.94 during trading hours on Monday, reaching $377.17. 122,999 shares of the company traded hands, compared to its average volume of 164,786. 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 firm's 50-day moving average is $436.56 and its 200-day moving average is $414.54. The stock has a market cap of $5.00 billion, a P/E ratio of 10.29 and a beta of 1.05. Group 1 Automotive, Inc. has a 1-year low of $262.31 and a 1-year high of $490.09.

Group 1 Automotive (NYSE:GPI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $10.02 EPS for the quarter, beating 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%. Equities research analysts expect that Group 1 Automotive, Inc. will post 41 earnings per share for the current fiscal year.

Group 1 Automotive Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Group 1 Automotive's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.53%. Group 1 Automotive's payout ratio is 5.44%.

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.