Amundi Buys 1,037 Shares of Group 1 Automotive, Inc. $GPI

Amundi boosted its stake in Group 1 Automotive, Inc. (NYSE:GPI) by 15.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,754 shares of the company’s stock after purchasing an additional 1,037 shares during the quarter. Amundi owned approximately 0.06% of Group 1 Automotive worth $2,887,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in Group 1 Automotive by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,574 shares of the company’s stock worth $983,000 after purchasing an additional 903 shares during the period. SG Americas Securities LLC boosted its stake in Group 1 Automotive by 315.5% in the 1st quarter. SG Americas Securities LLC now owns 1,720 shares of the company’s stock worth $657,000 after purchasing an additional 1,306 shares during the period. GAMMA Investing LLC boosted its stake in Group 1 Automotive by 95.9% in the 1st quarter. GAMMA Investing LLC now owns 237 shares of the company’s stock worth $91,000 after purchasing an additional 116 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Group 1 Automotive by 68.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,565 shares of the company’s stock worth $4,799,000 after purchasing an additional 5,091 shares during the period. Finally, Advantage Alpha Capital Partners LP boosted its position in shares of Group 1 Automotive by 96.8% during the 1st quarter. Advantage Alpha Capital Partners LP now owns 4,737 shares of the company’s stock valued at $1,809,000 after acquiring an additional 2,330 shares during the last quarter. Institutional investors own 99.92% of the company’s stock.

Wall Street Analysts Forecast Growth

GPI has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on Group 1 Automotive from $470.00 to $485.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Bank of America dropped their price target on Group 1 Automotive from $560.00 to $545.00 and set a “buy” rating for the company in a research report on Wednesday. Zacks Research downgraded Group 1 Automotive from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Wall Street Zen downgraded Group 1 Automotive from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, JPMorgan Chase & Co. lifted their price target on Group 1 Automotive from $415.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Group 1 Automotive presently has a consensus rating of “Hold” and an average target price of $476.57.

Insider Buying and Selling

In other Group 1 Automotive news, Director Lincoln Pereira sold 7,000 shares of Group 1 Automotive stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $469.34, for a total value of $3,285,380.00. Following the transaction, the director directly owned 82,967 shares of the company’s stock, valued at $38,939,731.78. The trade was a 7.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven Mizell sold 525 shares of Group 1 Automotive stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $417.98, for a total value of $219,439.50. Following the completion of the sale, the director owned 8 shares in the company, valued at approximately $3,343.84. This represents a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

Group 1 Automotive Price Performance

Shares of Group 1 Automotive stock opened at $488.08 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.24. The business’s 50 day simple moving average is $447.57 and its two-hundred day simple moving average is $429.85. The stock has a market capitalization of $6.32 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 1.17 and a beta of 0.86. Group 1 Automotive, Inc. has a one year low of $339.24 and a one year high of $490.09.

Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings results on Thursday, July 24th. The company reported $11.52 EPS for the quarter, topping analysts’ consensus estimates of $10.31 by $1.21. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.65 billion. Group 1 Automotive had a return on equity of 18.10% and a net margin of 2.18%.The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm earned $9.82 EPS. Analysts forecast that Group 1 Automotive, Inc. will post 41 EPS for the current year.

Group 1 Automotive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 2nd. Group 1 Automotive’s payout ratio is 5.51%.

About Group 1 Automotive

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.