Texas Permanent School Fund lowered its stake in Group 1 Automotive, Inc. (NYSE:GPI) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,254 shares of the company’s stock after selling 1,058 shares during the quarter. Texas Permanent School Fund owned approximately 0.06% of Group 1 Automotive worth $941,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in the business. Davidson Kempner Capital Management LP purchased a new position in shares of Group 1 Automotive during the 3rd quarter valued at about $13,115,000. Vanguard Group Inc. grew its position in Group 1 Automotive by 5.7% during the 2nd 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. James Investment Research Inc. bought a new position in Group 1 Automotive during the 4th quarter worth approximately $2,437,000. State Street Corp grew its position in Group 1 Automotive by 5.6% during the 2nd quarter. State Street Corp now owns 631,451 shares of the company’s stock worth $39,985,000 after acquiring an additional 33,723 shares during the last quarter. Finally, Jennison Associates LLC bought a new position in Group 1 Automotive during the 3rd quarter worth approximately $2,096,000. 97.57% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on GPI shares. Buckingham Research lowered Group 1 Automotive from a “buy” rating to a “neutral” rating and set a $86.00 price objective on the stock. in a research report on Monday, November 13th. Zacks Investment Research upgraded Group 1 Automotive from a “hold” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a research report on Wednesday, January 31st. Wells Fargo & Co lifted their price objective on Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a research report on Monday, October 30th. Finally, Bank of America lifted their price objective on Group 1 Automotive from $103.00 to $105.00 and gave the stock a “buy” rating in a research report 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 given a strong buy rating to the stock. Group 1 Automotive has an average rating of “Hold” and an average target price of $86.00.
Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings data on Thursday, February 8th. The company reported $2.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.24. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Group 1 Automotive had a return on equity of 15.85% and a net margin of 1.89%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.74 earnings per share. research analysts predict that Group 1 Automotive, Inc. will post 8.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.26 per share. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, February 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.39%. Group 1 Automotive’s payout ratio is presently 9.88%.
In other news, CEO Earl J. Hesterberg sold 28,519 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $80.06, for a total value of $2,283,231.14. Following the completion of the transaction, the chief executive officer now owns 108,440 shares in the company, valued at $8,681,706.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Earl J. Hesterberg sold 2,000 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $72.38, for a total value of $144,760.00. Following the sale, the chief executive officer now owns 139,065 shares of the company’s stock, valued at approximately $10,065,524.70. The disclosure for this sale can be found here. Insiders sold 167,398 shares of company stock valued at $12,974,458 in the last 90 days. Company insiders own 6.08% of the company’s stock.
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.
Receive News & Ratings for Group 1 Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive and related companies with MarketBeat.com's FREE daily email newsletter.