Mitsubishi UFJ Trust & Banking Corp Sells 4,086 Shares of Group 1 Automotive, Inc. (NYSE:GPI)

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of Group 1 Automotive, Inc. (NYSE:GPIGet Rating) by 49.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,237 shares of the company’s stock after selling 4,086 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Group 1 Automotive were worth $719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI boosted its stake in Group 1 Automotive by 19.1% during the second quarter. National Bank of Canada FI now owns 418 shares of the company’s stock worth $71,000 after acquiring an additional 67 shares in the last quarter. Islay Capital Management LLC raised its holdings in Group 1 Automotive by 20.1% during the second quarter. Islay Capital Management LLC now owns 1,069 shares of the company’s stock worth $182,000 after buying an additional 179 shares during the last quarter. Cetera Investment Advisers acquired a new position in Group 1 Automotive during the first quarter worth $202,000. Hightower 6M Holding LLC acquired a new position in Group 1 Automotive during the first quarter worth $209,000. Finally, Keebeck Alpha LP raised its holdings in Group 1 Automotive by 20.7% during the first quarter. Keebeck Alpha LP now owns 1,295 shares of the company’s stock worth $217,000 after buying an additional 222 shares during the last quarter. 98.70% of the stock is owned by institutional investors.

Group 1 Automotive Stock Performance

Shares of GPI stock opened at $194.21 on Monday. The firm has a 50-day moving average of $164.59 and a 200-day moving average of $172.66. The company has a market cap of $2.83 billion, a P/E ratio of 4.73, a P/E/G ratio of 2.19 and a beta of 1.49. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.03 and a quick ratio of 0.31. Group 1 Automotive, Inc. has a one year low of $136.16 and a one year high of $212.23.

Group 1 Automotive Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Wednesday, November 30th. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.38. Group 1 Automotive’s dividend payout ratio (DPR) is 3.70%.

Analyst Upgrades and Downgrades

GPI has been the topic of several research reports. Bank of America lowered their price objective on shares of Group 1 Automotive from $375.00 to $358.00 and set a “buy” rating on the stock in a report on Friday, September 9th. StockNews.com began coverage on shares of Group 1 Automotive in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Group 1 Automotive from a “neutral” rating to an “overweight” rating and set a $210.00 target price for the company in a report on Thursday, October 6th.

Insider Buying and Selling

In related news, CEO Earl J. Hesterberg sold 30,000 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $173.74, for a total transaction of $5,212,200.00. Following the completion of the sale, the chief executive officer now owns 8,974 shares in the company, valued at $1,559,142.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Earl J. Hesterberg sold 30,000 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $173.74, for a total transaction of $5,212,200.00. Following the completion of the sale, the chief executive officer now owns 8,974 shares in the company, valued at $1,559,142.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Earl J. Hesterberg sold 13,925 shares of the firm’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $189.14, for a total transaction of $2,633,774.50. Following the sale, the chief executive officer now owns 76,079 shares of the company’s stock, valued at approximately $14,389,582.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,925 shares of company stock worth $8,920,415. Insiders own 3.80% of the company’s stock.

Group 1 Automotive Profile

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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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