Summit Investment Advisors Inc. Has $584,000 Stock Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

Summit Investment Advisors Inc. lifted its stake in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,385 shares of the company’s stock after buying an additional 44 shares during the period. Summit Investment Advisors Inc.’s holdings in Group 1 Automotive were worth $584,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC boosted its stake in shares of Group 1 Automotive by 6.7% in the 3rd quarter. HighTower Advisors LLC now owns 1,720 shares of the company’s stock worth $660,000 after buying an additional 108 shares during the last quarter. Barclays PLC grew its stake in Group 1 Automotive by 244.7% in the 3rd quarter. Barclays PLC now owns 56,319 shares of the company’s stock valued at $21,573,000 after buying an additional 39,982 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Group 1 Automotive during the 3rd quarter valued at $272,000. Franklin Resources Inc. boosted its position in shares of Group 1 Automotive by 2.3% in the third quarter. Franklin Resources Inc. now owns 156,627 shares of the company’s stock valued at $55,701,000 after acquiring an additional 3,507 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Group 1 Automotive by 70.4% in the 4th quarter. GAMMA Investing LLC now owns 121 shares of the company’s stock worth $51,000 after purchasing an additional 50 shares in the last quarter. 99.92% of the stock is owned by hedge funds and other institutional investors.

Group 1 Automotive Stock Performance

NYSE:GPI opened at $392.50 on Friday. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 10.68 and a beta of 1.05. The business has a 50 day moving average of $422.17 and a 200 day moving average of $414.78. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.03 and a quick ratio of 0.24. Group 1 Automotive, Inc. has a 1-year low of $262.42 and a 1-year high of $490.09.

Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $10.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.77 by $1.25. Group 1 Automotive had a return on equity of 18.09% and a net margin of 2.47%. On average, sell-side analysts predict that Group 1 Automotive, Inc. will post 41 earnings per share for the current fiscal year.

Group 1 Automotive Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.50 dividend. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, March 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. Group 1 Automotive’s payout ratio is presently 5.44%.

Wall Street Analyst Weigh In

Several analysts have weighed in on GPI shares. Stephens reaffirmed an “equal weight” rating and issued a $460.00 price target on shares of Group 1 Automotive in a report on Thursday, January 30th. JPMorgan Chase & Co. lowered their target price on shares of Group 1 Automotive from $495.00 to $435.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $450.33.

Group 1 Automotive Company 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.