Franklin Resources Inc. Grows Position in Group 1 Automotive, Inc. (NYSE:GPI)

Franklin Resources Inc. raised its holdings in Group 1 Automotive, Inc. (NYSE:GPIFree Report) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,226 shares of the company’s stock after purchasing an additional 48 shares during the period. Franklin Resources Inc. owned 0.30% of Group 1 Automotive worth $12,563,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Principal Securities Inc. bought a new stake in Group 1 Automotive during the 4th quarter valued at $27,000. Parkside Financial Bank & Trust grew its position in shares of Group 1 Automotive by 159.6% in the third quarter. Parkside Financial Bank & Trust now owns 122 shares of the company’s stock valued at $33,000 after purchasing an additional 75 shares in the last quarter. Gladius Capital Management LP bought a new stake in shares of Group 1 Automotive during the 3rd quarter valued at $37,000. Planned Solutions Inc. purchased a new stake in Group 1 Automotive during the 4th quarter worth about $50,000. Finally, Anchor Investment Management LLC bought a new position in Group 1 Automotive in the 4th quarter worth about $53,000. 99.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Morgan Stanley upgraded Group 1 Automotive from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $200.00 to $255.00 in a research report on Thursday, February 29th. JPMorgan Chase & Co. decreased their target price on shares of Group 1 Automotive from $315.00 to $310.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Stephens reissued an “overweight” rating and issued a $330.00 price target on shares of Group 1 Automotive in a report on Tuesday, February 13th. Guggenheim upgraded shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $305.00 price target for the company in a research report on Wednesday, April 17th. Finally, StockNews.com downgraded Group 1 Automotive from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Group 1 Automotive currently has a consensus rating of “Moderate Buy” and a consensus target price of $330.83.

View Our Latest Stock Analysis on Group 1 Automotive

Insider Activity

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

Group 1 Automotive Trading Down 1.6 %

Shares of Group 1 Automotive stock opened at $304.62 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.04 and a quick ratio of 0.27. Group 1 Automotive, Inc. has a 1 year low of $220.25 and a 1 year high of $323.95. The firm has a market cap of $4.12 billion, a PE ratio of 7.19, a PEG ratio of 1.58 and a beta of 1.38. The company has a 50 day simple moving average of $291.42 and a two-hundred day simple moving average of $282.98.

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

Group 1 Automotive Announces Dividend

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 annualized dividend and a dividend yield of 0.62%. Group 1 Automotive’s dividend payout ratio (DPR) is presently 4.44%.

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.

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

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