Belpointe Asset Management LLC Takes $75,000 Position in Group 1 Automotive, Inc. (NYSE:GPI)

Belpointe Asset Management LLC purchased a new stake in shares of Group 1 Automotive, Inc. (NYSE:GPI – Get Rating) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 417 shares of the company’s stock, valued at approximately $75,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Group 1 Automotive by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,308,378 shares of the company’s stock valued at $186,928,000 after purchasing an additional 12,792 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Group 1 Automotive by 68.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 621,455 shares of the company’s stock valued at $104,299,000 after acquiring an additional 251,565 shares in the last quarter. Lakewood Capital Management LP raised its holdings in shares of Group 1 Automotive by 0.9% in the 3rd quarter. Lakewood Capital Management LP now owns 331,726 shares of the company’s stock worth $47,394,000 after buying an additional 3,000 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Group 1 Automotive by 0.9% in the 1st quarter. Prudential Financial Inc. now owns 185,211 shares of the company’s stock worth $31,084,000 after buying an additional 1,723 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Group 1 Automotive by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 166,582 shares of the company’s stock worth $27,958,000 after acquiring an additional 2,322 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on GPI shares. JPMorgan Chase & Co. increased their price objective on Group 1 Automotive from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, February 21st. Stephens raised their price objective on Group 1 Automotive from $275.00 to $290.00 in a research note on Thursday, January 26th. Finally, StockNews.com started coverage on Group 1 Automotive in a research note on Thursday. They issued a “buy” rating on the stock.

Insider Buying and Selling at Group 1 Automotive

In related news, VP Michael David Jones sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $229.67, for a total value of $344,505.00. Following the completion of the transaction, the vice president now directly owns 13,355 shares of the company’s stock, valued at approximately $3,067,242.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.

Group 1 Automotive Stock Down 1.5 %

Shares of NYSE:GPI opened at $220.68 on Friday. The company has a fifty day moving average of $218.73 and a 200-day moving average of $206.08. The company has a market capitalization of $3.12 billion, a PE ratio of 4.77, a price-to-earnings-growth ratio of 1.78 and a beta of 1.47. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.27 and a current ratio of 1.02. Group 1 Automotive, Inc. has a 52-week low of $136.16 and a 52-week high of $242.68.

Group 1 Automotive (NYSE:GPI – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The company reported $10.93 EPS for the quarter, beating analysts’ consensus estimates of $9.70 by $1.23. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Group 1 Automotive had a net margin of 4.20% and a return on equity of 31.16%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $10.81 earnings per share. On average, equities analysts predict that Group 1 Automotive, Inc. will post 40.94 EPS for the current fiscal year.

Group 1 Automotive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a $0.45 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $1.80 annualized dividend and a yield of 0.82%. Group 1 Automotive’s dividend payout ratio (DPR) is 3.89%.

Group 1 Automotive 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.