Raymond James & Associates lifted its position in Group 1 Automotive, Inc. (NYSE:GPI – Free Report) by 14.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 46,483 shares of the company’s stock after purchasing an additional 5,942 shares during the quarter. Raymond James & Associates’ holdings in Group 1 Automotive were worth $17,805,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of GPI. The Manufacturers Life Insurance Company raised its position in Group 1 Automotive by 22.0% during the second quarter. The Manufacturers Life Insurance Company now owns 639,142 shares of the company’s stock valued at $190,004,000 after acquiring an additional 115,143 shares in the last quarter. Woodson Capital Management LP raised its position in Group 1 Automotive by 114.6% during the first quarter. Woodson Capital Management LP now owns 142,500 shares of the company’s stock valued at $41,643,000 after acquiring an additional 76,102 shares in the last quarter. Shellback Capital LP grew its holdings in Group 1 Automotive by 27.1% in the second quarter. Shellback Capital LP now owns 95,302 shares of the company’s stock valued at $28,331,000 after purchasing an additional 20,302 shares during the period. Hennessy Advisors Inc. grew its holdings in Group 1 Automotive by 18.1% in the second quarter. Hennessy Advisors Inc. now owns 108,500 shares of the company’s stock valued at $32,255,000 after purchasing an additional 16,600 shares during the period. Finally, Edgestream Partners L.P. grew its holdings in Group 1 Automotive by 227.2% in the first quarter. Edgestream Partners L.P. now owns 23,856 shares of the company’s stock valued at $6,971,000 after purchasing an additional 16,566 shares during the period. 99.92% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, VP Michael David Jones sold 1,200 shares of Group 1 Automotive stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $350.99, for a total transaction of $421,188.00. Following the transaction, the vice president now owns 9,742 shares in the company, valued at approximately $3,419,344.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on GPI
Group 1 Automotive Stock Performance
Shares of NYSE:GPI opened at $346.57 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.02 and a quick ratio of 0.26. The business’s 50 day moving average price is $364.84 and its 200-day moving average price is $327.20. The firm has a market capitalization of $4.64 billion, a PE ratio of 8.56, a P/E/G ratio of 1.76 and a beta of 1.32. Group 1 Automotive, Inc. has a 1 year low of $239.01 and a 1 year high of $393.93.
Group 1 Automotive (NYSE:GPI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $9.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.36 by $0.44. The firm had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.68 billion. Group 1 Automotive had a return on equity of 20.53% and a net margin of 3.03%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $11.73 earnings per share. As a group, equities research analysts expect that Group 1 Automotive, Inc. will post 38.99 earnings per share for the current fiscal year.
Group 1 Automotive Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 2nd were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Friday, August 30th. Group 1 Automotive’s dividend payout ratio is presently 4.64%.
Group 1 Automotive Profile
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
- Five stocks we like better than Group 1 Automotive
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Do ETFs Pay Dividends? What You Need to Know
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- Low PE Growth Stocks: Unlocking Investment Opportunities
- MarketBeat Week in Review – 10/21- 10/25
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:GPI – Free Report).
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.