New Age Alpha Advisors LLC Invests $301,000 in Group 1 Automotive, Inc. (NYSE:GPI)

New Age Alpha Advisors LLC acquired a new position in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 713 shares of the company's stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GPI. FMR LLC boosted its position in shares of Group 1 Automotive by 133.0% in the 3rd quarter. FMR LLC now owns 407,930 shares of the company's stock worth $156,253,000 after purchasing an additional 232,846 shares in the last quarter. Norges Bank purchased a new position in Group 1 Automotive during the fourth quarter valued at $65,721,000. Wealthfront Advisers LLC bought a new stake in Group 1 Automotive in the fourth quarter worth $37,119,000. Thrivent Financial for Lutherans grew its stake in shares of Group 1 Automotive by 111.1% in the fourth 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, Raymond James Financial Inc. bought a new position in shares of Group 1 Automotive during the fourth quarter valued at $21,608,000. Hedge funds and other institutional investors own 99.92% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GPI. Stephens reiterated an "equal weight" rating and issued a $460.00 price target on shares of Group 1 Automotive in a research note on Thursday, January 30th. Jefferies Financial Group began coverage on shares of Group 1 Automotive in a report on Friday, December 13th. They set a "buy" rating and a $500.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price target on shares of Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Group 1 Automotive presently has a consensus rating of "Moderate Buy" and an average price target of $450.33.

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Group 1 Automotive Stock Performance

Shares of GPI stock traded up $7.96 during trading hours on Friday, reaching $380.26. The company had a trading volume of 284,467 shares, compared to its average volume of 142,018. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 1.03. The business has a fifty day moving average price of $436.56 and a 200-day moving average price of $414.54. Group 1 Automotive, Inc. has a one year low of $262.31 and a one year high of $490.09. The firm has a market cap 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 posted its earnings results on Wednesday, January 29th. The company reported $10.02 EPS 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%. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.50 dividend. This is an increase from Group 1 Automotive's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.53%. Group 1 Automotive's dividend payout ratio is currently 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.