GRT Capital Partners L.L.C. Maintains Position in Group 1 Automotive, Inc. (GPI)

GRT Capital Partners L.L.C. held its stake in Group 1 Automotive, Inc. (NYSE:GPI) during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,529 shares of the company’s stock at the end of the second quarter. GRT Capital Partners L.L.C.’s holdings in Group 1 Automotive were worth $287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Group 1 Automotive by 47,561.6% in the 1st quarter. BlackRock Inc. now owns 2,537,979 shares of the company’s stock worth $188,015,000 after buying an additional 2,532,654 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Group 1 Automotive by 25.5% in the 1st quarter. Vanguard Group Inc. now owns 2,153,519 shares of the company’s stock worth $159,532,000 after buying an additional 437,387 shares during the last quarter. LSV Asset Management boosted its stake in shares of Group 1 Automotive by 1.2% in the 2nd quarter. LSV Asset Management now owns 652,444 shares of the company’s stock worth $41,312,000 after buying an additional 7,600 shares during the last quarter. State Street Corp boosted its stake in shares of Group 1 Automotive by 7.8% in the 1st quarter. State Street Corp now owns 597,728 shares of the company’s stock worth $44,272,000 after buying an additional 43,264 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in shares of Group 1 Automotive by 5.6% in the 1st quarter. OppenheimerFunds Inc. now owns 536,678 shares of the company’s stock worth $39,758,000 after buying an additional 28,319 shares during the last quarter. Hedge funds and other institutional investors own 97.67% of the company’s stock.

A number of equities analysts have recently weighed in on GPI shares. ValuEngine downgraded Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. TheStreet downgraded Group 1 Automotive from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. BidaskClub upgraded Group 1 Automotive from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Zacks Investment Research upgraded Group 1 Automotive from a “strong sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $66.00 target price (down previously from $75.00) on shares of Group 1 Automotive in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $70.50.

Group 1 Automotive, Inc. (GPI) opened at 65.83 on Friday. The company has a 50-day moving average price of $58.73 and a 200 day moving average price of $64.68. The stock has a market cap of $1.32 billion, a P/E ratio of 10.12 and a beta of 1.61. Group 1 Automotive, Inc. has a 1-year low of $51.62 and a 1-year high of $83.18.

Group 1 Automotive (NYSE:GPI) last issued its earnings results on Thursday, July 27th. The company reported $1.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.99 by ($0.12). Group 1 Automotive had a return on equity of 15.73% and a net margin of 1.26%. The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the business posted $2.16 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities analysts expect that Group 1 Automotive, Inc. will post $7.09 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, August 30th. Group 1 Automotive’s dividend payout ratio is currently 14.75%.

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Group 1 Automotive Profile

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.

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

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