New York State Teachers Retirement System Decreases Stake in Group 1 Automotive, Inc. (NYSE:GPI)

New York State Teachers Retirement System cut its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 9.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,937 shares of the company's stock after selling 2,101 shares during the period. New York State Teachers Retirement System owned about 0.15% of Group 1 Automotive worth $8,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Hexagon Capital Partners LLC increased its stake in shares of Group 1 Automotive by 53.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 146 shares of the company's stock valued at $43,000 after purchasing an additional 51 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Group 1 Automotive during the 2nd quarter worth approximately $48,000. EverSource Wealth Advisors LLC lifted its position in shares of Group 1 Automotive by 17.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 267 shares of the company's stock valued at $79,000 after buying an additional 39 shares in the last quarter. Blue Trust Inc. grew its stake in Group 1 Automotive by 47.5% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the company's stock valued at $79,000 after acquiring an additional 87 shares during the period. Finally, Values First Advisors Inc. purchased a new stake in Group 1 Automotive in the 3rd quarter worth $106,000. Hedge funds and other institutional investors own 99.92% of the company's stock.

Insider Buying and Selling at Group 1 Automotive

In other Group 1 Automotive news, VP Michael David Jones sold 1,200 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $350.99, for a total value of $421,188.00. Following the sale, the vice president now owns 9,742 shares of the company's stock, valued at $3,419,344.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by corporate insiders.

Group 1 Automotive Trading Up 1.4 %

Shares of GPI traded up $5.31 during midday trading on Tuesday, reaching $373.49. The company had a trading volume of 50,994 shares, compared to its average volume of 134,313. The company has a quick ratio of 0.26, a current ratio of 1.02 and a debt-to-equity ratio of 0.80. The stock has a market cap of $5.01 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 1.85 and a beta of 1.33. The firm has a 50 day simple moving average of $365.22 and a 200-day simple moving average of $331.64. Group 1 Automotive, Inc. has a 1-year low of $255.73 and a 1-year high of $393.93.

Group 1 Automotive (NYSE:GPI - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $9.90 EPS for the quarter, beating analysts' consensus estimates of $9.87 by $0.03. The firm had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $5.06 billion. Group 1 Automotive had a return on equity of 18.83% and a net margin of 2.68%. The firm's quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $12.07 earnings per share. Research analysts forecast that Group 1 Automotive, Inc. will post 38.99 EPS for the current fiscal year.

Group 1 Automotive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 2nd were issued a $0.47 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.88 annualized dividend and a yield of 0.50%. Group 1 Automotive's dividend payout ratio (DPR) is currently 5.01%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Morgan Stanley raised shares of Group 1 Automotive from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $285.00 to $430.00 in a report on Wednesday, September 25th. Stephens assumed coverage on Group 1 Automotive in a research note on Thursday, September 12th. They issued an "equal weight" rating and a $394.00 price target on the stock. StockNews.com raised Group 1 Automotive from a "sell" rating to a "hold" rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on shares of Group 1 Automotive from $420.00 to $425.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Bank of America reduced their target price on shares of Group 1 Automotive from $445.00 to $435.00 and set a "buy" rating for the company in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Group 1 Automotive presently has an average rating of "Moderate Buy" and an average price target of $397.80.

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.