Mutual of America Capital Management LLC Sells 44 Shares of Group 1 Automotive, Inc. (NYSE:GPI)

Mutual of America Capital Management LLC lessened its position in Group 1 Automotive, Inc. (NYSE:GPI) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,419 shares of the company’s stock after selling 44 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Group 1 Automotive were worth $737,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GPI. Parkside Financial Bank & Trust raised its holdings in Group 1 Automotive by 159.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 122 shares of the company’s stock worth $33,000 after acquiring an additional 75 shares during the period. Gladius Capital Management LP bought a new position in Group 1 Automotive in the 3rd quarter worth $37,000. Ronald Blue Trust Inc. raised its holdings in Group 1 Automotive by 74.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 195 shares of the company’s stock worth $50,000 after acquiring an additional 83 shares during the period. Planned Solutions Inc. acquired a new stake in Group 1 Automotive in the 4th quarter worth $50,000. Finally, Anchor Investment Management LLC acquired a new stake in Group 1 Automotive in the 4th quarter worth $53,000. Institutional investors own 99.92% of the company’s stock.

Group 1 Automotive Trading Up 1.2 %

Shares of NYSE GPI opened at $268.65 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. The company has a market cap of $3.63 billion, a PE ratio of 6.30, a P/E/G ratio of 1.34 and a beta of 1.42. The company has a 50-day moving average of $271.75 and a two-hundred day moving average of $274.03. Group 1 Automotive, Inc. has a 1-year low of $214.25 and a 1-year high of $310.08.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $9.50 earnings per share for the quarter, missing analysts’ consensus estimates of $10.44 by ($0.94). The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.41 billion. Group 1 Automotive had a return on equity of 24.36% and a net margin of 3.34%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm earned $10.86 earnings per share. As a group, equities analysts expect that Group 1 Automotive, Inc. will post 39.45 earnings per share for the current fiscal year.

Group 1 Automotive Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.70%. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, February 29th. Group 1 Automotive’s payout ratio is 4.41%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GPI shares. Morgan Stanley upgraded shares of Group 1 Automotive from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $200.00 to $255.00 in a research report on Thursday, February 29th. JPMorgan Chase & Co. decreased their price target on shares of Group 1 Automotive from $325.00 to $315.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. Guggenheim upgraded shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $305.00 price target on the stock in a research report on Wednesday, April 17th. StockNews.com lowered shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, Stephens reissued an “overweight” rating and set a $330.00 price target on shares of Group 1 Automotive in a report on Tuesday, February 13th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $331.67.

Group 1 Automotive Company Profile

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.