Schroder Investment Management Group cut its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,472 shares of the company's stock after selling 1,162 shares during the quarter. Schroder Investment Management Group owned approximately 0.48% of Group 1 Automotive worth $27,021,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in GPI. R Squared Ltd bought a new stake in shares of Group 1 Automotive in the 4th quarter worth approximately $30,000. GAMMA Investing LLC increased its position in Group 1 Automotive by 70.4% in 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. Avior Wealth Management LLC raised its stake in shares of Group 1 Automotive by 25.6% in the fourth quarter. Avior Wealth Management LLC now owns 152 shares of the company's stock valued at $64,000 after buying an additional 31 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Group 1 Automotive during the 4th quarter valued at $66,000. Finally, Global Retirement Partners LLC grew its stake in shares of Group 1 Automotive by 59.3% during the 4th quarter. Global Retirement Partners LLC now owns 188 shares of the company's stock worth $79,000 after acquiring an additional 70 shares during the period. 99.92% of the stock is currently owned by institutional investors.
Group 1 Automotive Price Performance
NYSE GPI traded up $3.19 during trading hours on Monday, hitting $385.30. The company had a trading volume of 313,847 shares, compared to its average volume of 142,703. 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 firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 10.48 and a beta of 1.05. Group 1 Automotive, Inc. has a 52 week low of $262.31 and a 52 week high of $490.09. The firm has a 50 day simple moving average of $435.17 and a 200 day simple moving average of $414.50.
Group 1 Automotive (NYSE:GPI - Get Free Report) last released its quarterly earnings data 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 net margin of 2.47% and a return on equity of 18.09%. Equities research analysts expect that Group 1 Automotive, Inc. will post 41 earnings per share for the current year.
Group 1 Automotive Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.50 per share. This is a positive change 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 0.52%. The ex-dividend date was Monday, March 3rd. Group 1 Automotive's payout ratio is 5.44%.
Wall Street Analyst Weigh In
GPI has been the topic of a number of research reports. 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. JPMorgan Chase & Co. reduced their target price on shares of Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Jefferies Financial Group assumed coverage on shares of Group 1 Automotive in a research note on Friday, December 13th. They set a "buy" rating and a $500.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $450.33.
Get Our Latest Analysis on Group 1 Automotive
Group 1 Automotive Profile
(
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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