Proficio Capital Partners LLC purchased a new position in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,752 shares of the company's stock, valued at approximately $6,218,000. Proficio Capital Partners LLC owned about 0.11% of Group 1 Automotive as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Assetmark Inc. increased its position in shares of Group 1 Automotive by 51.9% in the third quarter. Assetmark Inc. now owns 82 shares of the company's stock valued at $31,000 after acquiring an additional 28 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of Group 1 Automotive by 25.6% during the 4th 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 last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Group 1 Automotive by 20.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 264 shares of the company's stock worth $101,000 after purchasing an additional 44 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of Group 1 Automotive by 8.2% in the 4th 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. Finally, GAMMA Investing LLC increased its holdings in Group 1 Automotive by 70.4% during the fourth quarter. GAMMA Investing LLC now owns 121 shares of the company's stock worth $51,000 after buying an additional 50 shares during the last quarter. 99.92% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
GPI has been the subject of a number of recent analyst reports. 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 price target for the company. Stephens restated an "equal weight" rating and issued a $460.00 price objective on shares of Group 1 Automotive in a research note on Thursday, January 30th. Guggenheim lifted their target price on Group 1 Automotive from $420.00 to $442.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. boosted their target price on Group 1 Automotive from $420.00 to $495.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Two research 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 currently has an average rating of "Moderate Buy" and an average target price of $460.33.
Check Out Our Latest Report on GPI
Group 1 Automotive Stock Performance
Shares of Group 1 Automotive stock traded down $4.86 on Thursday, hitting $395.69. The stock had a trading volume of 86,984 shares, compared to its average volume of 130,404. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 10.81 and a beta of 1.33. The business's 50 day moving average is $447.41 and its two-hundred day moving average is $411.42. 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 twelve month low of $262.31 and a twelve month high of $490.09.
Group 1 Automotive (NYSE:GPI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 18.09% and a net margin of 2.47%. Analysts forecast that Group 1 Automotive, Inc. will post 41 EPS for the current year.
Group 1 Automotive Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.50 dividend. 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 0.51%. This is an increase from Group 1 Automotive's previous quarterly dividend of $0.47. Group 1 Automotive's 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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