State Street Corp Purchases 1,661 Shares of Group 1 Automotive, Inc. (GPI)

State Street Corp boosted its stake in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 0.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 554,464 shares of the company’s stock after buying an additional 1,661 shares during the period. State Street Corp owned 2.69% of Group 1 Automotive worth $43,219,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GPI. Royal Bank of Canada raised its position in Group 1 Automotive by 1,596.1% in the second quarter. Royal Bank of Canada now owns 4,732 shares of the company’s stock valued at $233,000 after buying an additional 4,453 shares during the last quarter. Eqis Capital Management Inc. bought a new position in Group 1 Automotive during the third quarter valued at $220,000. Smith Graham & Co. Investment Advisors LP raised its position in Group 1 Automotive by 16.3% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 116,298 shares of the company’s stock valued at $7,429,000 after buying an additional 16,260 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in Group 1 Automotive by 42.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 27,000 shares of the company’s stock valued at $1,725,000 after buying an additional 8,000 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Group 1 Automotive by 2.3% in the third quarter. California Public Employees Retirement System now owns 54,100 shares of the company’s stock valued at $3,456,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

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

Group 1 Automotive, Inc. (NYSE:GPI) opened at 76.84 on Tuesday. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 11.52 and a beta of 1.51. Group 1 Automotive, Inc. has a 1-year low of $47.31 and a 1-year high of $83.18. The firm has a 50-day moving average price of $78.59 and a 200 day moving average price of $71.32.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings results on Thursday, February 2nd. The company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.08. Group 1 Automotive had a return on equity of 17.88% and a net margin of 1.31%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the previous year, the company posted $1.51 EPS. The business’s revenue was up .0% on a year-over-year basis. Equities analysts predict that Group 1 Automotive, Inc. will post $7.81 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Monday, February 27th. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.23. Group 1 Automotive’s payout ratio is 13.77%.

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Several equities analysts have weighed in on the company. Zacks Investment Research lowered Group 1 Automotive from a “buy” rating to a “hold” rating in a research note on Tuesday, January 31st. Susquehanna Bancshares Inc assumed coverage on Group 1 Automotive in a research note on Wednesday, February 1st. They issued a “neutral” rating and a $72.00 target price on the stock. CL King lowered Group 1 Automotive from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 10th. Finally, Goldman Sachs Group Inc lowered Group 1 Automotive from a “neutral” rating to a “sell” rating and set a $59.00 target price on the stock. in a research note on Tuesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Group 1 Automotive currently has an average rating of “Hold” and a consensus target price of $70.75.

About Group 1 Automotive

Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.

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