Rockefeller Capital Management L.P. Purchases 4,862 Shares of Group 1 Automotive, Inc. (NYSE:GPI)

Rockefeller Capital Management L.P. raised its position in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 14.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,107 shares of the company's stock after buying an additional 4,862 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.29% of Group 1 Automotive worth $16,483,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. lifted its holdings in Group 1 Automotive by 2.3% in the third quarter. Franklin Resources Inc. now owns 156,627 shares of the company's stock worth $55,701,000 after acquiring an additional 3,507 shares during the last quarter. Boston Partners increased its position in Group 1 Automotive by 3.3% in the fourth quarter. Boston Partners now owns 74,844 shares of the company's stock worth $31,653,000 after buying an additional 2,405 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Group 1 Automotive by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 154,923 shares of the company's stock valued at $65,297,000 after buying an additional 2,000 shares during the last quarter. Cinctive Capital Management LP boosted its holdings in shares of Group 1 Automotive by 181.3% during the fourth quarter. Cinctive Capital Management LP now owns 21,321 shares of the company's stock valued at $8,986,000 after acquiring an additional 13,742 shares during the period. Finally, Paradigm Asset Management Co. LLC bought a new position in shares of Group 1 Automotive during the fourth quarter worth about $295,000. Institutional investors and hedge funds own 99.92% of the company's stock.

Group 1 Automotive Trading Down 0.1 %

Shares of Group 1 Automotive stock traded down $0.20 on Friday, reaching $392.50. 179,431 shares of the company were exchanged, compared to its average volume of 145,382. The stock has a fifty day moving average price of $422.17 and a 200-day moving average price of $414.78. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 10.68 and a beta of 1.05. Group 1 Automotive, Inc. has a fifty-two week low of $262.42 and a fifty-two week high of $490.09. The company has a current ratio of 1.03, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92.

Group 1 Automotive (NYSE:GPI - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $10.02 EPS for the quarter, beating analysts' consensus estimates of $8.77 by $1.25. Group 1 Automotive had a return on equity of 18.09% and a net margin of 2.47%. On average, analysts expect that Group 1 Automotive, Inc. will post 41 EPS for the current year.

Group 1 Automotive Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.50 per share. This is a positive change from Group 1 Automotive's previous quarterly dividend of $0.47. The ex-dividend date was Monday, March 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.51%. Group 1 Automotive's dividend payout ratio is 5.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GPI shares. Stephens reaffirmed an "equal weight" rating and set a $460.00 price target on shares of Group 1 Automotive in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price target on 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $450.33.

Group 1 Automotive Company 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.