Group 1 Automotive, Inc. $GPI Holdings Decreased by Truist Financial Corp

Truist Financial Corp trimmed its position in Group 1 Automotive, Inc. (NYSE:GPI) by 59.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,940 shares of the company’s stock after selling 7,386 shares during the quarter. Truist Financial Corp’s holdings in Group 1 Automotive were worth $1,943,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Signaturefd LLC grew its stake in Group 1 Automotive by 54.9% during the 4th quarter. Signaturefd LLC now owns 79 shares of the company’s stock worth $31,000 after buying an additional 28 shares during the last quarter. First Horizon Corp grew its stake in Group 1 Automotive by 881.8% during the 4th quarter. First Horizon Corp now owns 108 shares of the company’s stock worth $42,000 after buying an additional 97 shares during the last quarter. Torren Management LLC bought a new position in Group 1 Automotive during the 4th quarter worth $43,000. Assetmark Inc. grew its stake in Group 1 Automotive by 40.5% during the 4th quarter. Assetmark Inc. now owns 118 shares of the company’s stock worth $46,000 after buying an additional 34 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Group 1 Automotive during the 3rd quarter worth $55,000. 99.92% of the stock is currently owned by institutional investors.

Group 1 Automotive Trading Down 2.5%

Shares of GPI stock opened at $327.82 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.21 and a current ratio of 0.95. Group 1 Automotive, Inc. has a 1 year low of $292.44 and a 1 year high of $488.39. The stock has a fifty day moving average of $330.28 and a two-hundred day moving average of $365.64. The firm has a market capitalization of $3.90 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 0.77 and a beta of 0.87.

Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings results on Thursday, April 30th. The company reported $8.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.82 by ($0.16). Group 1 Automotive had a return on equity of 16.63% and a net margin of 1.46%.The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the firm posted $10.17 EPS. The company’s revenue was down 1.8% compared to the same quarter last year. As a group, research analysts expect that Group 1 Automotive, Inc. will post 42.28 EPS for the current year.

Group 1 Automotive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, June 1st. Group 1 Automotive’s payout ratio is 8.40%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GPI. Benchmark upgraded Group 1 Automotive from a “hold” rating to a “buy” rating and set a $425.00 price objective for the company in a research note on Monday, March 30th. Morgan Stanley lowered their price objective on Group 1 Automotive from $460.00 to $400.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Bank of America began coverage on Group 1 Automotive in a research note on Wednesday, March 4th. They set a “buy” rating for the company. Evercore began coverage on Group 1 Automotive in a research note on Tuesday, January 20th. They set an “outperform” rating and a $500.00 price objective for the company. Finally, Barclays upped their price objective on Group 1 Automotive from $455.00 to $470.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $456.00.

Group 1 Automotive Profile

Group 1 Automotive, Inc (NYSE: GPI) is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.

Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.