May Hill Capital LLC purchased a new stake in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 924 shares of the company's stock, valued at approximately $389,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC lifted its holdings in shares of Group 1 Automotive by 25.6% in the 4th quarter. Avior Wealth Management LLC now owns 152 shares of the company's stock worth $64,000 after acquiring an additional 31 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Group 1 Automotive by 13.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 346 shares of the company's stock worth $146,000 after purchasing an additional 41 shares during the period. HighPoint Advisor Group LLC lifted its stake in Group 1 Automotive by 2.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,536 shares of the company's stock worth $647,000 after purchasing an additional 41 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Group 1 Automotive by 20.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 264 shares of the company's stock valued at $101,000 after buying an additional 44 shares during the period. Finally, Savant Capital LLC grew its stake in shares of Group 1 Automotive by 8.2% during the fourth quarter. Savant Capital LLC now owns 622 shares of the company's stock valued at $262,000 after buying an additional 47 shares during the last quarter. 99.92% of the stock is owned by hedge funds and other institutional investors.
Group 1 Automotive Stock Up 2.1 %
NYSE:GPI traded up $7.96 during mid-day trading on Friday, reaching $380.26. The company's stock had a trading volume of 284,467 shares, compared to its average volume of 142,018. 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 1 year low of $262.31 and a 1 year high of $490.09. The stock has a fifty day moving average of $436.56 and a 200-day moving average of $414.32. The firm has a market capitalization of $5.04 billion, a PE ratio of 10.35 and a beta of 1.05.
Group 1 Automotive (NYSE:GPI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $10.02 earnings per share for the quarter, topping the consensus estimate of $8.77 by $1.25. Group 1 Automotive had a net margin of 2.47% and a return on equity of 18.09%. Equities research analysts forecast that Group 1 Automotive, Inc. will post 41 earnings per share 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 issued a $0.50 dividend. 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 dividend payout ratio (DPR) is currently 5.44%.
Analysts Set New Price Targets
A number of research firms recently issued reports on GPI. Stephens restated an "equal weight" rating and set a $460.00 price objective on shares of Group 1 Automotive in a report on Thursday, January 30th. Jefferies Financial Group initiated coverage on shares of Group 1 Automotive in a report on Friday, December 13th. They issued a "buy" rating and a $500.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating for the company 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, Group 1 Automotive presently has a consensus rating of "Moderate Buy" and a consensus price target of $450.33.
Read Our Latest Stock Analysis on Group 1 Automotive
Group 1 Automotive 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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