New York Life Investment Management LLC Has $422,000 Stock Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

New York Life Investment Management LLC lowered its stake in shares of Group 1 Automotive, Inc. (NYSE:GPIFree Report) by 13.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,572 shares of the company’s stock after selling 248 shares during the period. New York Life Investment Management LLC’s holdings in Group 1 Automotive were worth $422,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. lifted its holdings in Group 1 Automotive by 11.2% during the first quarter. Citigroup Inc. now owns 27,395 shares of the company’s stock valued at $4,597,000 after purchasing an additional 2,755 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Group 1 Automotive by 55.6% during the first quarter. MetLife Investment Management LLC now owns 9,110 shares of the company’s stock valued at $1,529,000 after purchasing an additional 3,257 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Group 1 Automotive by 8.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,828 shares of the company’s stock valued at $2,489,000 after acquiring an additional 1,147 shares during the period. Aviva PLC bought a new position in shares of Group 1 Automotive in the first quarter valued at approximately $727,000. Finally, Cetera Investment Advisers bought a new position in shares of Group 1 Automotive in the first quarter valued at approximately $202,000. Institutional investors own 99.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on GPI shares. JPMorgan Chase & Co. lifted their price target on shares of Group 1 Automotive from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 31st. StockNews.com downgraded shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st.

Read Our Latest Analysis on Group 1 Automotive

Group 1 Automotive Stock Performance

NYSE:GPI opened at $276.01 on Friday. The stock has a market cap of $3.81 billion, a P/E ratio of 6.47, a price-to-earnings-growth ratio of 1.36 and a beta of 1.42. The firm’s fifty day simple moving average is $283.64 and its 200 day simple moving average is $270.34. Group 1 Automotive, Inc. has a twelve month low of $194.33 and a twelve month high of $310.08. The company has a quick ratio of 0.30, a current ratio of 1.09 and a debt-to-equity ratio of 0.78.

Group 1 Automotive (NYSE:GPIGet Free Report) last announced its earnings results on Wednesday, January 31st. The company reported $9.50 EPS for the quarter, missing analysts’ consensus estimates of $10.44 by ($0.94). Group 1 Automotive had a net margin of 3.34% and a return on equity of 24.81%. The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter last year, the firm posted $10.86 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, research analysts predict that Group 1 Automotive, Inc. will post 39.07 EPS for the current year.

Group 1 Automotive Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Thursday, November 30th. Group 1 Automotive’s dividend payout ratio (DPR) is presently 4.22%.

Group 1 Automotive Company Profile

(Free Report)

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. 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.

Further Reading

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

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