Arizona State Retirement System Reduces Stock Position in Group 1 Automotive, Inc. (NYSE:GPI)

Arizona State Retirement System cut its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI – Get Rating) by 1.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,233 shares of the company’s stock after selling 52 shares during the quarter. Arizona State Retirement System’s holdings in Group 1 Automotive were worth $764,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Group 1 Automotive by 81.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the company’s stock valued at $35,000 after acquiring an additional 109 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Group 1 Automotive by 54.6% in the 3rd quarter. Federated Hermes Inc. now owns 252 shares of the company’s stock valued at $36,000 after acquiring an additional 89 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Group 1 Automotive by 181.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 262 shares of the company’s stock valued at $37,000 after acquiring an additional 169 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Group 1 Automotive in the 3rd quarter valued at approximately $48,000. Finally, Ronald Blue Trust Inc. increased its holdings in shares of Group 1 Automotive by 123.7% in the 4th quarter. Ronald Blue Trust Inc. now owns 633 shares of the company’s stock valued at $90,000 after acquiring an additional 350 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Group 1 Automotive Trading Down 2.2 %

NYSE:GPI opened at $216.15 on Wednesday. Group 1 Automotive, Inc. has a 12-month low of $136.16 and a 12-month high of $242.68. The firm has a market capitalization of $3.06 billion, a P/E ratio of 4.67, a P/E/G ratio of 1.77 and a beta of 1.47. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.27. The business has a 50 day simple moving average of $218.85 and a 200 day simple moving average of $205.31.

Group 1 Automotive (NYSE:GPI – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The company reported $10.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.70 by $1.23. Group 1 Automotive had a return on equity of 31.16% and a net margin of 4.20%. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm posted $10.81 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities research analysts predict that Group 1 Automotive, Inc. will post 40.52 EPS for the current year.

Analyst Ratings Changes

GPI has been the subject of a number of research analyst reports. Morgan Stanley lowered their price target on Group 1 Automotive from $142.00 to $134.00 and set an “underweight” rating for the company in a report on Tuesday, January 17th. JPMorgan Chase & Co. boosted their price target on Group 1 Automotive from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Tuesday, February 21st. Stephens boosted their price target on Group 1 Automotive from $275.00 to $290.00 in a report on Thursday, January 26th. Finally, StockNews.com upgraded Group 1 Automotive from a “hold” rating to a “buy” rating in a research report on Thursday, March 23rd.

Insiders Place Their Bets

In other Group 1 Automotive news, VP Darryl M. Burman sold 2,500 shares of the business’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $236.68, for a total transaction of $591,700.00. Following the completion of the transaction, the vice president now owns 17,259 shares in the company, valued at approximately $4,084,860.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Group 1 Automotive news, VP Michael David Jones sold 1,500 shares of the business’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $229.67, for a total transaction of $344,505.00. Following the completion of the transaction, the vice president now owns 13,355 shares in the company, valued at approximately $3,067,242.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Darryl M. Burman sold 2,500 shares of the business’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $236.68, for a total value of $591,700.00. Following the transaction, the vice president now owns 17,259 shares of the company’s stock, valued at approximately $4,084,860.12. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.

Group 1 Automotive Company Profile

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Group 1 Automotive, Inc engages in the automotive retailing industry. The firm operates through the following geographical segments: U.S, the UK, and Brazil. It also sells new and used cars and light trucks, arranges related vehicle financing, sells service contracts, provides automotive maintenance and repair services, and sells vehicle parts.