Public Employees Retirement System of Ohio lowered its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 27.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,688 shares of the company’s stock after selling 2,486 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Group 1 Automotive were worth $423,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in shares of Group 1 Automotive by 17.8% during the second quarter. Victory Capital Management Inc. now owns 1,797 shares of the company’s stock worth $114,000 after purchasing an additional 271 shares during the period. Riverhead Capital Management LLC grew its holdings in shares of Group 1 Automotive by 93.2% during the second quarter. Riverhead Capital Management LLC now owns 1,932 shares of the company’s stock worth $122,000 after buying an additional 932 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Group 1 Automotive during the first quarter worth about $200,000. SG Americas Securities LLC bought a new position in shares of Group 1 Automotive during the second quarter worth about $177,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Group 1 Automotive during the second quarter worth about $211,000. 98.93% of the stock is currently owned by institutional investors.
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In other Group 1 Automotive news, VP Peter C. Delongchamps sold 9,110 shares of Group 1 Automotive stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $80.16, for a total value of $730,257.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John C. Rickel sold 10,000 shares of Group 1 Automotive stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $66.99, for a total value of $669,900.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,694 shares of company stock valued at $5,189,106. 6.08% of the stock is currently owned by insiders.
Shares of Group 1 Automotive, Inc. (NYSE:GPI) opened at $77.52 on Tuesday. Group 1 Automotive, Inc. has a 52-week low of $51.62 and a 52-week high of $83.18. The stock has a market capitalization of $1,661.00, a P/E ratio of 10.81, a PEG ratio of 1.55 and a beta of 1.69. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.05 and a quick ratio of 0.27.
Group 1 Automotive (NYSE:GPI) last released its quarterly earnings data on Thursday, October 26th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.47. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $1.96 earnings per share. sell-side analysts anticipate that Group 1 Automotive, Inc. will post 7.32 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.25 per share. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, November 30th. Group 1 Automotive’s dividend payout ratio (DPR) is presently 15.26%.
A number of research analysts recently issued reports on the company. KeyCorp reiterated a “hold” rating on shares of Group 1 Automotive in a report on Wednesday, October 4th. ValuEngine downgraded Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Buckingham Research downgraded Group 1 Automotive from a “buy” rating to a “neutral” rating and set a $86.00 price target for the company. in a research note on Monday. Zacks Investment Research downgraded Group 1 Automotive from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, BidaskClub downgraded Group 1 Automotive from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $79.00.
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.
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