LPL Financial LLC lifted its stake in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 30.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,255 shares of the company's stock after purchasing an additional 2,601 shares during the period. LPL Financial LLC owned about 0.08% of Group 1 Automotive worth $4,744,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC raised its holdings in shares of Group 1 Automotive by 25.6% during the fourth quarter. Avior Wealth Management LLC now owns 152 shares of the company's stock worth $64,000 after purchasing an additional 31 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Group 1 Automotive by 13.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 346 shares of the company's stock valued at $146,000 after buying an additional 41 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Group 1 Automotive by 20.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 264 shares of the company's stock worth $101,000 after acquiring an additional 44 shares during the period. Savant Capital LLC boosted its stake in Group 1 Automotive by 8.2% in the fourth quarter. Savant Capital LLC now owns 622 shares of the company's stock valued at $262,000 after acquiring an additional 47 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Group 1 Automotive by 70.4% in the fourth quarter. GAMMA Investing LLC now owns 121 shares of the company's stock valued at $51,000 after acquiring an additional 50 shares during the period. 99.92% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Stephens reissued an "equal weight" rating and issued a $460.00 price target on shares of Group 1 Automotive in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their target price on Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $450.33.
Read Our Latest Stock Analysis on Group 1 Automotive
Group 1 Automotive Stock Performance
Group 1 Automotive stock traded up $4.43 during mid-day trading on Friday, hitting $403.71. 164,201 shares of the company's stock traded hands, compared to its average volume of 144,618. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of 0.92. Group 1 Automotive, Inc. has a one year low of $262.31 and a one year high of $490.09. The firm has a 50 day moving average price of $428.24 and a 200 day moving average price of $414.69. The company has a market cap of $5.35 billion, a PE ratio of 10.99 and a beta of 1.05.
Group 1 Automotive (NYSE:GPI - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $10.02 earnings per share for the quarter, beating 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 EPS for the current year.
Group 1 Automotive Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.50 dividend. This is a positive change 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 0.50%. The ex-dividend date was Monday, March 3rd. Group 1 Automotive's dividend payout ratio is currently 5.44%.
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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