Intech Investment Management LLC Has $2.63 Million Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

Intech Investment Management LLC increased its position in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 74.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,237 shares of the company's stock after purchasing an additional 2,667 shares during the period. Intech Investment Management LLC's holdings in Group 1 Automotive were worth $2,629,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GPI. FMR LLC lifted its holdings in shares of Group 1 Automotive by 133.0% during the 3rd quarter. FMR LLC now owns 407,930 shares of the company's stock worth $156,253,000 after acquiring an additional 232,846 shares during the period. Wealthfront Advisers LLC acquired a new position in Group 1 Automotive in the fourth quarter worth about $37,119,000. Thrivent Financial for Lutherans lifted its stake in Group 1 Automotive by 111.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 161,216 shares of the company's stock worth $67,949,000 after purchasing an additional 84,832 shares during the period. Verition Fund Management LLC boosted its holdings in Group 1 Automotive by 3,663.1% during the third quarter. Verition Fund Management LLC now owns 55,280 shares of the company's stock valued at $21,174,000 after purchasing an additional 53,811 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Group 1 Automotive in the 4th quarter valued at approximately $21,608,000. 99.92% of the stock is owned by institutional investors.

Group 1 Automotive Trading Up 4.5 %

Shares of Group 1 Automotive stock traded up $17.93 during trading on Monday, reaching $418.27. 121,948 shares of the company were exchanged, compared to its average volume of 130,807. Group 1 Automotive, Inc. has a twelve month low of $262.31 and a twelve month high of $490.09. The business has a 50-day moving average price of $446.47 and a 200-day moving average price of $412.11. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 11.38 and a beta of 1.33.

Remove Ads

Group 1 Automotive (NYSE:GPI - Get Free Report) last posted 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 return on equity of 18.09% and a net margin of 2.47%. Sell-side analysts anticipate that Group 1 Automotive, Inc. will post 41 EPS for the current fiscal year.

Group 1 Automotive Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors 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 0.48%. Group 1 Automotive's dividend payout ratio (DPR) is presently 5.44%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports 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. Jefferies Financial Group assumed coverage on shares of Group 1 Automotive in a research note on Friday, December 13th. They issued a "buy" rating and a $500.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price target on Group 1 Automotive from $420.00 to $495.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $460.33.

Group 1 Automotive Company 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.