Everence Capital Management Inc. Acquires Shares of 3,050 Group 1 Automotive, Inc. (NYSE:GPI)


Share on StockTwits

Everence Capital Management Inc. acquired a new stake in shares of Group 1 Automotive, Inc. (NYSE:GPI) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,050 shares of the company’s stock, valued at approximately $481,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Huntington National Bank lifted its stake in shares of Group 1 Automotive by 21,200.0% in the 4th quarter. Huntington National Bank now owns 213 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares during the period. Vantage Consulting Group Inc acquired a new position in shares of Group 1 Automotive in the 4th quarter valued at $35,000. Private Capital Group LLC acquired a new position in shares of Group 1 Automotive in the 4th quarter valued at $39,000. Veriti Management LLC acquired a new position in shares of Group 1 Automotive in the 4th quarter valued at $93,000. Finally, Credit Agricole S A acquired a new position in shares of Group 1 Automotive in the 4th quarter valued at $101,000.

GPI has been the subject of several analyst reports. Morgan Stanley boosted their target price on shares of Group 1 Automotive from $172.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. Stephens boosted their price target on shares of Group 1 Automotive from $163.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, March 23rd. Six research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $146.11.

In other news, VP Michael David Jones sold 1,500 shares of the stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $170.26, for a total transaction of $255,390.00. Following the sale, the vice president now owns 14,886 shares of the company’s stock, valued at $2,534,490.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Earl J. Hesterberg sold 20,000 shares of the stock in a transaction dated Wednesday, March 10th. The stock was sold at an average price of $169.33, for a total transaction of $3,386,600.00. Following the sale, the chief executive officer now directly owns 125,052 shares in the company, valued at approximately $21,175,055.16. The disclosure for this sale can be found here. Insiders sold 47,000 shares of company stock worth $7,635,455 in the last ninety days. 5.20% of the stock is currently owned by corporate insiders.

NYSE GPI opened at $164.03 on Tuesday. The firm’s 50-day moving average is $158.83 and its two-hundred day moving average is $135.37. Group 1 Automotive, Inc. has a 12 month low of $41.60 and a 12 month high of $175.04. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.06 and a quick ratio of 0.30. The stock has a market capitalization of $2.98 billion, a P/E ratio of 12.98, a PEG ratio of 1.05 and a beta of 2.13.

Group 1 Automotive (NYSE:GPI) last posted its earnings results on Wednesday, February 3rd. The company reported $5.66 EPS for the quarter, missing the Zacks’ consensus estimate of $5.82 by ($0.16). Group 1 Automotive had a net margin of 2.13% and a return on equity of 22.60%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the company earned $3.01 EPS. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, analysts anticipate that Group 1 Automotive, Inc. will post 18.38 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 1st were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, February 26th. This represents a $1.24 dividend on an annualized basis and a yield of 0.76%. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.30. Group 1 Automotive’s dividend payout ratio is presently 11.34%.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. 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. It operates primarily in the metropolitan areas in 15 states in the United States; 33 towns in the United Kingdom; and 3 states in Brazil.

Further Reading: How are the companies in the S&P 500 selected?

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

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.