Group 1 Automotive, Inc. (GPI) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund decreased its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 7.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 13,254 shares of the company’s stock after selling 1,058 shares during the period. Texas Permanent School Fund owned approximately 0.06% of Group 1 Automotive worth $941,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GPI. Wells Fargo & Company MN grew its stake in shares of Group 1 Automotive by 4.2% during the second quarter. Wells Fargo & Company MN now owns 21,963 shares of the company’s stock worth $1,391,000 after acquiring an additional 876 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Group 1 Automotive by 1.3% during the second quarter. Teachers Advisors LLC now owns 37,238 shares of the company’s stock worth $2,358,000 after acquiring an additional 489 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Group 1 Automotive by 5.7% during the second quarter. Vanguard Group Inc. now owns 2,275,649 shares of the company’s stock worth $144,095,000 after acquiring an additional 122,130 shares during the last quarter. FMR LLC grew its stake in shares of Group 1 Automotive by 17.5% during the second quarter. FMR LLC now owns 23,543 shares of the company’s stock worth $1,491,000 after acquiring an additional 3,500 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Group 1 Automotive by 0.9% during the second quarter. California Public Employees Retirement System now owns 56,300 shares of the company’s stock worth $3,565,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 97.57% of the company’s stock.

Shares of Group 1 Automotive, Inc. (NYSE GPI) opened at $76.54 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 0.79. Group 1 Automotive, Inc. has a twelve month low of $51.62 and a twelve month high of $84.47. The company has a market capitalization of $1,600.00, a PE ratio of 7.81, a P/E/G ratio of 1.30 and a beta of 1.70.

Group 1 Automotive (NYSE:GPI) last released its earnings results on Thursday, February 8th. The company reported $2.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.24. Group 1 Automotive had a return on equity of 15.85% and a net margin of 1.89%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the company posted $1.74 earnings per share. The company’s revenue was up 9.2% compared to the same quarter last year. analysts expect that Group 1 Automotive, Inc. will post 8.53 EPS for the current fiscal year.

In related news, CEO Earl J. Hesterberg sold 28,519 shares of Group 1 Automotive stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $80.06, for a total transaction of $2,283,231.14. Following the completion of the sale, the chief executive officer now owns 108,440 shares of the company’s stock, valued at $8,681,706.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Earl J. Hesterberg sold 40,000 shares of Group 1 Automotive stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $79.39, for a total value of $3,175,600.00. Following the sale, the chief executive officer now directly owns 108,440 shares of the company’s stock, valued at approximately $8,609,051.60. The disclosure for this sale can be found here. Insiders have sold 167,398 shares of company stock valued at $12,974,458 in the last ninety days. Corporate insiders own 6.08% of the company’s stock.

A number of equities research analysts have recently weighed in on GPI shares. Zacks Investment Research upgraded Group 1 Automotive from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Wells Fargo & Co boosted their price target on Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a research note on Monday, October 30th. Buckingham Research upgraded Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Friday, January 5th. Finally, Bank of America boosted their price target on Group 1 Automotive from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $86.00.

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Group 1 Automotive Company Profile

Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.

Institutional Ownership by Quarter for Group 1 Automotive (NYSE:GPI)

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