Walleye Capital LLC Increases Position in Group 1 Automotive, Inc. (NYSE:GPI)

Walleye Capital LLC increased its stake in shares of Group 1 Automotive, Inc. (NYSE:GPIGet Rating) by 65.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 3,033 shares of the company’s stock after buying an additional 1,201 shares during the quarter. Walleye Capital LLC’s holdings in Group 1 Automotive were worth $509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in GPI. Goldman Sachs Group Inc. grew its holdings in shares of Group 1 Automotive by 68.0% during the first quarter. Goldman Sachs Group Inc. now owns 621,455 shares of the company’s stock valued at $104,299,000 after buying an additional 251,565 shares during the last quarter. Marshall Wace LLP boosted its holdings in Group 1 Automotive by 1,174.6% in the fourth quarter. Marshall Wace LLP now owns 82,989 shares of the company’s stock valued at $16,203,000 after purchasing an additional 76,478 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in Group 1 Automotive in the first quarter valued at $12,452,000. Boston Private Wealth LLC purchased a new stake in Group 1 Automotive in the fourth quarter valued at $9,763,000. Finally, JPMorgan Chase & Co. boosted its holdings in Group 1 Automotive by 38.5% in the first quarter. JPMorgan Chase & Co. now owns 171,227 shares of the company’s stock valued at $28,737,000 after purchasing an additional 47,582 shares during the last quarter. 98.70% of the stock is owned by hedge funds and other institutional investors.

Group 1 Automotive Price Performance

Shares of NYSE GPI opened at $151.13 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.33 and a current ratio of 1.00. The firm has a market cap of $2.39 billion, a PE ratio of 3.98, a PEG ratio of 0.25 and a beta of 1.41. Group 1 Automotive, Inc. has a one year low of $145.72 and a one year high of $212.23. The firm has a fifty day moving average of $175.31 and a 200 day moving average of $175.96.

Group 1 Automotive (NYSE:GPIGet Rating) last released its earnings results on Wednesday, July 27th. The company reported $12.00 EPS for the quarter, topping analysts’ consensus estimates of $10.56 by $1.44. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Group 1 Automotive had a net margin of 4.35% and a return on equity of 37.65%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $10.31 earnings per share. As a group, research analysts predict that Group 1 Automotive, Inc. will post 44.73 EPS for the current fiscal year.

Group 1 Automotive Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.01%. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.37. The ex-dividend date was Wednesday, August 31st. Group 1 Automotive’s payout ratio is presently 4.01%.

Wall Street Analyst Weigh In

GPI has been the topic of several recent research reports. Morgan Stanley lowered their price target on shares of Group 1 Automotive from $160.00 to $142.00 and set an “underweight” rating on the stock in a report on Thursday, July 14th. JPMorgan Chase & Co. upped their price target on shares of Group 1 Automotive from $200.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, August 1st. StockNews.com lowered shares of Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 30th. Finally, Bank of America decreased their price objective on shares of Group 1 Automotive from $375.00 to $358.00 and set a “buy” rating for the company in a research report on Friday, September 9th.

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.

Recommended Stories

Want to see what other hedge funds are holding GPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Group 1 Automotive, Inc. (NYSE:GPIGet Rating).

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

Receive News & Ratings for Group 1 Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive and related companies with MarketBeat.com's FREE daily email newsletter.