Susquehanna Fundamental Investments LLC Takes $6.35 Million Position in Group 1 Automotive, Inc. (NYSE:GPI)

Susquehanna Fundamental Investments LLC bought 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,059 shares of the company's stock, valued at approximately $6,347,000. Susquehanna Fundamental Investments LLC owned 0.11% of Group 1 Automotive as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GPI. Barclays PLC grew its holdings in shares of Group 1 Automotive by 244.7% during the third quarter. Barclays PLC now owns 56,319 shares of the company's stock valued at $21,573,000 after buying an additional 39,982 shares during the last quarter. Tidal Investments LLC purchased a new stake in Group 1 Automotive during the third quarter worth $272,000. Franklin Resources Inc. increased 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 valued at $55,701,000 after buying an additional 3,507 shares in the last quarter. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 50 shares during the period. Finally, Range Financial Group LLC purchased a new stake in shares of Group 1 Automotive during the 4th quarter worth about $416,000. Institutional investors own 99.92% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on GPI shares. Citigroup assumed coverage on Group 1 Automotive in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $463.00 price target for the company. Guggenheim reduced their target price on Group 1 Automotive from $502.00 to $426.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Stephens reissued 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. Finally, JPMorgan Chase & Co. reduced their price objective 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 investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $449.86.

Group 1 Automotive Trading Up 0.0 %

Shares of GPI opened at $406.97 on Monday. The firm's fifty day moving average is $412.62 and its two-hundred day moving average is $416.94. The stock has a market cap of $5.31 billion, a PE ratio of 11.07 and a beta of 1.05. 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 52-week low of $279.86 and a 52-week high of $490.09.

Group 1 Automotive (NYSE:GPI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $10.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.68 by $0.49. Group 1 Automotive had a net margin of 2.47% and a return on equity of 18.09%. The company had revenue of $5.51 billion during the quarter, compared to analysts' expectations of $5.37 billion. Research analysts forecast that Group 1 Automotive, Inc. will post 41 earnings per share for the current fiscal year.

Group 1 Automotive Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.50 per share. 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 0.49%. Group 1 Automotive's dividend payout ratio (DPR) is presently 5.61%.

About Group 1 Automotive

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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