Group 1 Automotive, Inc. $GPI Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in Group 1 Automotive, Inc. (NYSE:GPI) by 13.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,628 shares of the company’s stock after selling 263 shares during the period. Mutual of America Capital Management LLC’s holdings in Group 1 Automotive were worth $711,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arista Wealth Management LLC bought a new position in Group 1 Automotive during the 2nd quarter worth approximately $2,651,000. Twin Tree Management LP lifted its stake in Group 1 Automotive by 17.7% during the second quarter. Twin Tree Management LP now owns 2,230 shares of the company’s stock worth $974,000 after purchasing an additional 336 shares during the last quarter. Bayforest Capital Ltd boosted its holdings in Group 1 Automotive by 30.1% in the second quarter. Bayforest Capital Ltd now owns 1,259 shares of the company’s stock worth $550,000 after purchasing an additional 291 shares during the period. Sequoia Financial Advisors LLC increased its stake in Group 1 Automotive by 6.7% during the second quarter. Sequoia Financial Advisors LLC now owns 942 shares of the company’s stock valued at $411,000 after purchasing an additional 59 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Group 1 Automotive by 1.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,881 shares of the company’s stock worth $822,000 after purchasing an additional 34 shares during the period. 99.92% of the stock is owned by institutional investors.

Insider Buying and Selling at Group 1 Automotive

In related news, Director Lincoln Pereira sold 7,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $469.34, for a total value of $3,285,380.00. Following the completion of the sale, the director owned 82,967 shares of the company’s stock, valued at $38,939,731.78. This represents a 7.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GPI has been the subject of several research reports. Citigroup reaffirmed a “buy” rating on shares of Group 1 Automotive in a report on Thursday, September 25th. Weiss Ratings restated a “buy (b)” rating on shares of Group 1 Automotive in a research note on Wednesday, October 8th. Wall Street Zen lowered Group 1 Automotive from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Morgan Stanley raised their price target on Group 1 Automotive from $470.00 to $485.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. upped their price objective on Group 1 Automotive from $430.00 to $435.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Group 1 Automotive currently has an average rating of “Moderate Buy” and a consensus price target of $478.00.

Group 1 Automotive Stock Performance

Shares of GPI stock opened at $419.38 on Tuesday. Group 1 Automotive, Inc. has a 12-month low of $348.00 and a 12-month high of $490.09. 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 firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.14 and a beta of 0.85. The business has a 50 day simple moving average of $451.07 and a 200 day simple moving average of $436.51.

Group 1 Automotive Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Group 1 Automotive’s dividend payout ratio (DPR) 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.