9,411 Shares in Group 1 Automotive, Inc. (GPI) Purchased by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC purchased a new position in shares of Group 1 Automotive, Inc. (NYSE:GPI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 9,411 shares of the company’s stock, valued at approximately $668,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in shares of Group 1 Automotive by 7.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,163 shares of the company’s stock worth $735,000 after purchasing an additional 717 shares in the last quarter. American International Group Inc. raised its stake in shares of Group 1 Automotive by 5.5% during the 3rd quarter. American International Group Inc. now owns 16,088 shares of the company’s stock worth $1,166,000 after purchasing an additional 839 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Group 1 Automotive by 0.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 123,249 shares of the company’s stock worth $8,747,000 after purchasing an additional 916 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Group 1 Automotive by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 296,870 shares of the company’s stock worth $21,070,000 after purchasing an additional 1,445 shares in the last quarter. Finally, Parametrica Management Ltd raised its stake in shares of Group 1 Automotive by 45.0% during the 4th quarter. Parametrica Management Ltd now owns 5,236 shares of the company’s stock worth $372,000 after purchasing an additional 1,624 shares in the last quarter.

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Shares of GPI stock opened at $63.62 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 1.17. Group 1 Automotive, Inc. has a twelve month low of $51.62 and a twelve month high of $84.47. The company has a market capitalization of $1,285.22, a P/E ratio of 8.23, a P/E/G ratio of 1.01 and a beta of 1.75.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings data on Thursday, February 8th. The company reported $2.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.24. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.85 billion. Group 1 Automotive had a return on equity of 15.85% and a net margin of 1.89%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business earned $1.74 EPS. research analysts forecast that Group 1 Automotive, Inc. will post 8.66 EPS for the current year.

A number of research analysts recently weighed in on GPI shares. Zacks Investment Research raised Group 1 Automotive from a “hold” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a research note on Wednesday, January 31st. Stephens reissued a “hold” rating and issued a $86.00 price objective on shares of Group 1 Automotive in a research note on Wednesday, March 21st. Buckingham Research raised Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Friday, January 5th. Guggenheim started coverage on Group 1 Automotive in a research note on Monday. They issued a “neutral” rating on the stock. Finally, Bank of America raised their price objective on Group 1 Automotive from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $83.13.

In other Group 1 Automotive news, CEO Earl J. Hesterberg sold 28,519 shares of Group 1 Automotive stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $80.06, for a total value of $2,283,231.14. Following the transaction, the chief executive officer now directly owns 108,440 shares of the company’s stock, valued at approximately $8,681,706.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 6.08% of the company’s stock.

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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.

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

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