Group 1 Automotive, Inc. (NYSE:GPI) Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC raised its stake in shares of Group 1 Automotive, Inc. (NYSE:GPIFree Report) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,009 shares of the company’s stock after buying an additional 80 shares during the quarter. Procyon Advisors LLC’s holdings in Group 1 Automotive were worth $308,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in Group 1 Automotive by 47.5% during the 3rd quarter. Hsbc Holdings PLC now owns 15,051 shares of the company’s stock valued at $4,082,000 after buying an additional 4,844 shares during the last quarter. Burney Co. boosted its holdings in shares of Group 1 Automotive by 11.0% during the third quarter. Burney Co. now owns 70,085 shares of the company’s stock worth $18,832,000 after purchasing an additional 6,946 shares during the last quarter. Covalis Capital LLP acquired a new stake in shares of Group 1 Automotive during the third quarter worth $16,330,000. Boston Partners acquired a new stake in shares of Group 1 Automotive during the third quarter worth $12,703,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Group 1 Automotive during the third quarter worth $2,770,000. Institutional investors and hedge funds own 99.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Stephens reaffirmed an “overweight” rating and issued a $330.00 target price on shares of Group 1 Automotive in a research report on Tuesday, February 13th. StockNews.com lowered Group 1 Automotive from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, Morgan Stanley raised Group 1 Automotive from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $200.00 to $255.00 in a research report on Thursday, February 29th.

Get Our Latest Stock Analysis on Group 1 Automotive

Group 1 Automotive Trading Up 0.6 %

NYSE:GPI opened at $292.23 on Friday. The business’s 50-day moving average is $271.37 and its two-hundred day moving average is $272.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.11 and a quick ratio of 0.33. Group 1 Automotive, Inc. has a 12 month low of $211.26 and a 12 month high of $310.08. The firm has a market capitalization of $4.00 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 1.49 and a beta of 1.42.

Group 1 Automotive (NYSE:GPIGet Free Report) last announced its earnings results on Wednesday, January 31st. The company reported $9.50 earnings per share for the quarter, missing the consensus estimate of $10.44 by ($0.94). The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.41 billion. Group 1 Automotive had a net margin of 3.34% and a return on equity of 24.36%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.86 earnings per share. Research analysts predict that Group 1 Automotive, Inc. will post 38.87 earnings per share for the current fiscal year.

Group 1 Automotive Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 0.64%. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 29th. Group 1 Automotive’s dividend payout ratio (DPR) is 4.41%.

Group 1 Automotive Profile

(Free Report)

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. 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.

See Also

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

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