Harvest Fund Management Co. Ltd acquired a new position in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 911 shares of the company's stock, valued at approximately $384,000.
Other institutional investors also recently modified their holdings of the company. Xponance Inc. raised its position in Group 1 Automotive by 14.3% in the 4th quarter. Xponance Inc. now owns 1,270 shares of the company's stock valued at $535,000 after purchasing an additional 159 shares during the last quarter. Boston Partners raised its holdings in shares of Group 1 Automotive by 3.3% in the fourth quarter. Boston Partners now owns 74,844 shares of the company's stock valued at $31,653,000 after buying an additional 2,405 shares during the last quarter. Intech Investment Management LLC lifted its position in Group 1 Automotive by 74.7% during the 4th quarter. Intech Investment Management LLC now owns 6,237 shares of the company's stock worth $2,629,000 after buying an additional 2,667 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Group 1 Automotive by 111.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 161,216 shares of the company's stock worth $67,949,000 after acquiring an additional 84,832 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new stake in Group 1 Automotive in the 4th quarter valued at about $522,000. Institutional investors own 99.92% of the company's stock.
Group 1 Automotive Stock Down 2.7 %
Shares of Group 1 Automotive stock traded down $11.30 on Wednesday, hitting $410.06. The company had a trading volume of 117,692 shares, compared to its average volume of 130,815. The stock has a 50-day moving average of $445.98 and a 200-day moving average of $412.93. 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, Inc. has a twelve month low of $262.31 and a twelve month high of $490.09. The firm has a market capitalization of $5.43 billion, a P/E ratio of 11.16 and a beta of 1.33.
Group 1 Automotive (NYSE:GPI - Get Free Report) last announced its earnings results on Wednesday, January 29th. The company reported $10.02 earnings per share 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%. Research analysts predict that Group 1 Automotive, Inc. will post 41 earnings per share for the current year.
Group 1 Automotive Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Monday, March 3rd. This is a positive change from Group 1 Automotive's previous quarterly dividend of $0.47. Group 1 Automotive's dividend payout ratio (DPR) is currently 5.44%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Group 1 Automotive from $420.00 to $495.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Jefferies Financial Group initiated coverage on Group 1 Automotive in a research report on Friday, December 13th. They set a "buy" rating and a $500.00 target price for the company. Finally, Stephens reaffirmed an "equal weight" rating and issued a $460.00 price objective on shares of Group 1 Automotive in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Group 1 Automotive currently has a consensus rating of "Moderate Buy" and an average target price of $460.33.
Get Our Latest Report on GPI
Group 1 Automotive Company Profile
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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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