State of Alaska Department of Revenue Reduces Stake in Group 1 Automotive, Inc. (NYSE:GPI)

State of Alaska Department of Revenue lowered its position in Group 1 Automotive, Inc. (NYSE:GPIFree Report) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,091 shares of the company’s stock after selling 428 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Group 1 Automotive worth $2,364,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in shares of Group 1 Automotive by 13.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 15,952 shares of the company’s stock worth $4,287,000 after buying an additional 1,874 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Group 1 Automotive by 66.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,541 shares of the company’s stock valued at $414,000 after acquiring an additional 615 shares during the last quarter. Lazard Asset Management LLC raised its position in Group 1 Automotive by 6.4% in the third quarter. Lazard Asset Management LLC now owns 1,231 shares of the company’s stock valued at $330,000 after purchasing an additional 74 shares during the period. Gladius Capital Management LP purchased a new position in Group 1 Automotive during the 3rd quarter valued at about $37,000. Finally, Anchor Investment Management LLC purchased a new position in Group 1 Automotive during the 4th quarter valued at about $53,000. Hedge funds and other institutional investors own 99.92% of the company’s stock.

Insider Transactions at Group 1 Automotive

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 sale, the vice president now owns 11,535 shares of the company’s stock, valued at approximately $3,398,557.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 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 available at this link. Also, VP Edward Mckissic sold 170 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $318.92, for a total value of $54,216.40. Following the transaction, the vice president now owns 6,082 shares in the company, valued at approximately $1,939,671.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,007 shares of company stock valued at $1,221,218. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Guggenheim upgraded Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $305.00 target price for the company in a report on Wednesday, April 17th. JPMorgan Chase & Co. lowered their target price on Group 1 Automotive from $315.00 to $310.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Two 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $308.00.

View Our Latest Stock Analysis on Group 1 Automotive

Group 1 Automotive Price Performance

GPI stock opened at $287.63 on Friday. 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 $228.84 and a 1 year high of $323.95. The firm has a market capitalization of $3.89 billion, a P/E ratio of 6.79, a P/E/G ratio of 1.50 and a beta of 1.35. The business’s 50-day moving average is $303.62 and its two-hundred day moving average is $286.46.

Group 1 Automotive (NYSE:GPIGet Free Report) last issued its earnings results on Wednesday, April 24th. The company reported $9.49 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.30 billion. Analysts anticipate that Group 1 Automotive, Inc. will post 38.86 earnings per share for the current fiscal year.

Group 1 Automotive Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Monday, June 3rd. Group 1 Automotive’s dividend payout ratio (DPR) is presently 4.44%.

Group 1 Automotive Company 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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