Allspring Global Investments Holdings LLC Purchases 96 Shares of Group 1 Automotive, Inc. (NYSE:GPI)

Allspring Global Investments Holdings LLC raised its position in shares of Group 1 Automotive, Inc. (NYSE:GPIFree Report) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,808 shares of the company’s stock after acquiring an additional 96 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Group 1 Automotive were worth $528,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Hennessy Advisors Inc. boosted its position in Group 1 Automotive by 14.0% during the 1st quarter. Hennessy Advisors Inc. now owns 91,900 shares of the company’s stock valued at $26,856,000 after acquiring an additional 11,300 shares in the last quarter. Range Financial Group LLC boosted its position in Group 1 Automotive by 7.8% during the 1st quarter. Range Financial Group LLC now owns 4,020 shares of the company’s stock valued at $1,175,000 after acquiring an additional 291 shares in the last quarter. Park Avenue Securities LLC boosted its position in Group 1 Automotive by 52.3% during the 1st quarter. Park Avenue Securities LLC now owns 2,165 shares of the company’s stock valued at $633,000 after acquiring an additional 743 shares in the last quarter. Perpetual Ltd boosted its position in Group 1 Automotive by 9.6% during the 1st quarter. Perpetual Ltd now owns 1,122 shares of the company’s stock valued at $328,000 after acquiring an additional 98 shares in the last quarter. Finally, HighPoint Advisor Group LLC bought a new stake in Group 1 Automotive during the 4th quarter valued at approximately $290,000. 99.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GPI. Guggenheim raised Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $305.00 price objective on the stock in a research report on Wednesday, April 17th. JPMorgan Chase & Co. lowered their target price on shares of 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 investment 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 has a consensus rating of “Moderate Buy” and an average target price of $308.00.

Check Out Our Latest Analysis on GPI

Group 1 Automotive Price Performance

GPI stock opened at $281.05 on Wednesday. The firm has a 50 day moving average price of $303.15 and a 200-day moving average price of $286.19. Group 1 Automotive, Inc. has a 52-week low of $228.84 and a 52-week high of $323.95. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 1.47 and a beta of 1.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.27 and a current ratio of 1.04.

Group 1 Automotive (NYSE:GPIGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $9.49 earnings per share 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 firm had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Equities research analysts forecast that Group 1 Automotive, Inc. will post 38.86 EPS for the current fiscal year.

Group 1 Automotive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.47 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.88 dividend on an annualized basis and a yield of 0.67%. Group 1 Automotive’s payout ratio is currently 4.44%.

Insider Buying and Selling

In related news, CFO Daniel James Mchenry sold 2,437 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 22,430 shares in the company, valued at approximately $6,944,552.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Group 1 Automotive news, VP Edward Mckissic sold 170 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $318.92, for a total transaction of $54,216.40. Following the completion of the sale, the vice president now directly owns 6,082 shares in the company, valued at approximately $1,939,671.44. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Daniel James Mchenry sold 2,437 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $309.61, for a total transaction of $754,519.57. Following the sale, the chief financial officer now owns 22,430 shares of the company’s stock, valued at $6,944,552.30. The disclosure for this sale can be found here. Insiders sold a total of 4,007 shares of company stock worth $1,221,218 in the last three months. Insiders own 1.70% of the company’s stock.

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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