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.
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.
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