Raymond James & Associates Boosts Stock Position in Group 1 Automotive, Inc. (NYSE:GPI)

Raymond James & Associates grew its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPIGet Rating) by 11.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,741 shares of the company’s stock after buying an additional 1,452 shares during the quarter. Raymond James & Associates’ holdings in Group 1 Automotive were worth $1,963,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ronald Blue Trust Inc. increased its stake in shares of Group 1 Automotive by 316.2% in the third quarter. Ronald Blue Trust Inc. now owns 283 shares of the company’s stock worth $49,000 after buying an additional 215 shares during the last quarter. National Bank of Canada FI increased its position in shares of Group 1 Automotive by 19.1% in the 2nd quarter. National Bank of Canada FI now owns 418 shares of the company’s stock worth $71,000 after purchasing an additional 67 shares during the last quarter. Islay Capital Management LLC raised its stake in shares of Group 1 Automotive by 20.1% in the 2nd quarter. Islay Capital Management LLC now owns 1,069 shares of the company’s stock valued at $182,000 after purchasing an additional 179 shares in the last quarter. Cetera Investment Advisers acquired a new position in Group 1 Automotive in the first quarter worth about $202,000. Finally, EMC Capital Management increased its holdings in Group 1 Automotive by 49.7% in the second quarter. EMC Capital Management now owns 1,247 shares of the company’s stock valued at $212,000 after buying an additional 414 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com began coverage on Group 1 Automotive in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. Morgan Stanley lowered their target price on shares of Group 1 Automotive from $142.00 to $134.00 and set an “underweight” rating for the company in a research note on Tuesday, January 17th. Finally, JPMorgan Chase & Co. upgraded shares of Group 1 Automotive from a “neutral” rating to an “overweight” rating and set a $210.00 price target on the stock in a research report on Thursday, October 6th.

Group 1 Automotive Stock Down 0.7 %

Shares of Group 1 Automotive stock opened at $195.57 on Tuesday. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 4.76, a PEG ratio of 1.74 and a beta of 1.49. Group 1 Automotive, Inc. has a twelve month low of $136.16 and a twelve month high of $200.86. The company has a current ratio of 1.03, a quick ratio of 0.31 and a debt-to-equity ratio of 0.81. The business’s 50 day simple moving average is $186.39 and its 200-day simple moving average is $175.56.

Group 1 Automotive (NYSE:GPIGet Rating) last issued its earnings results on Wednesday, October 26th. The company reported $12.00 earnings per share for the quarter, topping the consensus estimate of $10.99 by $1.01. Group 1 Automotive had a return on equity of 36.79% and a net margin of 4.32%. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.07 billion. Equities research analysts forecast that Group 1 Automotive, Inc. will post 45.18 earnings per share for the current year.

Group 1 Automotive Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.80%. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, November 30th. Group 1 Automotive’s payout ratio is presently 3.80%.

Insiders Place Their Bets

In other news, CEO Earl J. Hesterberg sold 13,925 shares of Group 1 Automotive stock in a transaction that occurred on 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 $14,389,582.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Group 1 Automotive 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 transaction, the chief executive officer now owns 8,974 shares of the company’s stock, valued at approximately $1,559,142.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Earl J. Hesterberg sold 13,925 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 76,079 shares of the company’s stock, valued at $14,389,582.06. The disclosure for this sale can be found here. In 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 Company Profile

(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.

Featured Articles

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.