Aigen Investment Management LP Purchases Shares of 798 Group 1 Automotive, Inc. (NYSE:GPI)

Aigen Investment Management LP acquired a new stake in Group 1 Automotive, Inc. (NYSE:GPIFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 798 shares of the company’s stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GPI. Quest Partners LLC purchased a new stake in shares of Group 1 Automotive in the 4th quarter worth about $677,000. Trexquant Investment LP bought a new stake in Group 1 Automotive during the 4th quarter valued at approximately $272,000. Wells Fargo & Company MN grew its holdings in shares of Group 1 Automotive by 21.6% during the 4th quarter. Wells Fargo & Company MN now owns 30,845 shares of the company’s stock worth $9,400,000 after acquiring an additional 5,472 shares during the period. Norges Bank purchased a new stake in Group 1 Automotive in the fourth quarter worth $46,923,000. Finally, Thornburg Investment Management Inc. boosted its holdings in shares of Group 1 Automotive by 18.1% during the 4th quarter. Thornburg Investment Management Inc. now owns 35,970 shares of the company’s stock valued at $10,944,000 after buying an additional 5,510 shares in the last quarter. 99.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GPI. JPMorgan Chase & Co. lowered their price target on shares of Group 1 Automotive from $315.00 to $310.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Morgan Stanley upgraded shares of Group 1 Automotive from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $200.00 to $255.00 in a report on Thursday, February 29th. Stephens restated an “overweight” rating and issued a $330.00 price objective on shares of Group 1 Automotive in a report on Tuesday, February 13th. StockNews.com downgraded Group 1 Automotive from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, Guggenheim upgraded Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $305.00 price target for the company in a research note on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Group 1 Automotive presently has an average rating of “Moderate Buy” and an average price target of $330.83.

Read Our Latest Report on Group 1 Automotive

Insider Transactions at Group 1 Automotive

In other Group 1 Automotive news, VP Michael David Jones sold 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $294.63, for a total transaction of $412,482.00. Following the completion of the transaction, the vice president now owns 11,535 shares in the company, valued at approximately $3,398,557.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Daniel James Mchenry sold 2,437 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $309.61, for a total transaction of $754,519.57. Following the completion of the sale, the chief financial officer now directly owns 22,430 shares of the company’s stock, valued at approximately $6,944,552.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael David Jones sold 1,400 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $294.63, for a total value of $412,482.00. Following the completion of the sale, the vice president now owns 11,535 shares in the company, valued at approximately $3,398,557.05. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Group 1 Automotive Stock Up 1.3 %

Shares of GPI opened at $308.08 on Monday. Group 1 Automotive, Inc. has a 12-month low of $219.25 and a 12-month high of $323.95. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $4.17 billion, a PE ratio of 7.27, a price-to-earnings-growth ratio of 1.58 and a beta of 1.38. The business’s 50 day moving average is $289.67 and its 200 day moving average is $282.25.

Group 1 Automotive (NYSE:GPIGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $9.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.52 by ($0.03). Group 1 Automotive had a net margin of 3.23% and a return on equity of 22.45%. The company had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.30 billion. Research analysts expect that Group 1 Automotive, Inc. will post 38.86 earnings per share for the current fiscal year.

Group 1 Automotive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.61%. Group 1 Automotive’s payout ratio is 4.44%.

About Group 1 Automotive

(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.

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

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