Group 1 Automotive, Inc. (NYSE:GPI) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPIGet Rating) by 4.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,897 shares of the company’s stock after selling 319 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Group 1 Automotive were worth $1,158,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. PDT Partners LLC acquired a new stake in Group 1 Automotive during the 4th quarter worth approximately $443,000. Polianta Ltd acquired a new stake in Group 1 Automotive during the 4th quarter worth approximately $1,171,000. CIBC Asset Management Inc increased its position in Group 1 Automotive by 11.1% during the 4th quarter. CIBC Asset Management Inc now owns 2,215 shares of the company’s stock worth $432,000 after purchasing an additional 221 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in Group 1 Automotive during the 3rd quarter worth approximately $426,000. Finally, Evanson Asset Management LLC acquired a new stake in Group 1 Automotive during the 4th quarter worth approximately $225,000. 99.57% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Michael David Jones sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $181.49, for a total transaction of $181,490.00. Following the completion of the sale, the vice president now owns 12,972 shares of the company’s stock, valued at $2,354,288.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Frank Grese sold 910 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $185.86, for a total transaction of $169,132.60. Following the sale, the senior vice president now directly owns 21,714 shares of the company’s stock, valued at approximately $4,035,764.04. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

A number of analysts recently issued reports on the stock. StockNews.com raised shares of Group 1 Automotive from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 17th. JPMorgan Chase & Co. downgraded shares of Group 1 Automotive from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $240.00 to $200.00 in a research report on Thursday, April 7th. Finally, Morgan Stanley downgraded shares of Group 1 Automotive from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $187.00 to $160.00 in a research report on Friday, May 20th.

Shares of NYSE:GPI opened at $171.96 on Thursday. The company has a quick ratio of 0.34, a current ratio of 1.02 and a debt-to-equity ratio of 0.98. Group 1 Automotive, Inc. has a 52-week low of $145.72 and a 52-week high of $212.23. The company has a 50 day moving average of $176.32 and a two-hundred day moving average of $180.41. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 4.72, a price-to-earnings-growth ratio of 0.28 and a beta of 1.52.

Group 1 Automotive (NYSE:GPIGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The company reported $10.81 earnings per share for the quarter, topping analysts’ consensus estimates of $9.45 by $1.36. Group 1 Automotive had a net margin of 4.45% and a return on equity of 38.47%. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the company earned $5.57 earnings per share. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. On average, equities analysts anticipate that Group 1 Automotive, Inc. will post 41.89 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, May 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.86%. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.36. Group 1 Automotive’s dividend payout ratio (DPR) is presently 4.07%.

About Group 1 Automotive (Get Rating)

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. 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. It operates primarily in 17 states in the United States; and 35 towns in the United Kingdom.

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

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