Mitsubishi UFJ Trust & Banking Corp Raises Stake in Group 1 Automotive, Inc. $GPI

Mitsubishi UFJ Trust & Banking Corp boosted its stake in Group 1 Automotive, Inc. (NYSE:GPIFree Report) by 349.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,874 shares of the company’s stock after purchasing an additional 2,235 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Group 1 Automotive were worth $1,257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GPI. Salomon & Ludwin LLC purchased a new stake in shares of Group 1 Automotive in the third quarter worth about $26,000. MAI Capital Management increased its holdings in Group 1 Automotive by 131.3% during the 2nd quarter. MAI Capital Management now owns 74 shares of the company’s stock worth $32,000 after acquiring an additional 42 shares during the period. Signaturefd LLC lifted its stake in Group 1 Automotive by 90.5% in the 2nd quarter. Signaturefd LLC now owns 80 shares of the company’s stock worth $35,000 after purchasing an additional 38 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in Group 1 Automotive in the 2nd quarter valued at $43,000. Finally, Assetmark Inc. grew its position in shares of Group 1 Automotive by 25.8% during the 2nd quarter. Assetmark Inc. now owns 122 shares of the company’s stock valued at $53,000 after purchasing an additional 25 shares in the last quarter. 99.92% of the stock is currently owned by institutional investors.

Trending Headlines about Group 1 Automotive

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Group 1 Automotive Price Performance

Shares of Group 1 Automotive stock opened at $354.80 on Friday. The firm has a market capitalization of $4.48 billion, a PE ratio of 14.19 and a beta of 0.89. The company has a current ratio of 1.06, a quick ratio of 0.25 and a debt-to-equity ratio of 1.06. Group 1 Automotive, Inc. has a 12 month low of $351.27 and a 12 month high of $490.09. The business’s 50-day moving average price is $400.80 and its 200-day moving average price is $421.22.

Group 1 Automotive (NYSE:GPIGet Free Report) last released its earnings results on Thursday, January 29th. The company reported $8.49 earnings per share for the quarter, missing analysts’ consensus estimates of $9.36 by ($0.87). Group 1 Automotive had a return on equity of 17.00% and a net margin of 1.44%.The firm had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the previous year, the firm earned $10.02 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. Sell-side analysts forecast that Group 1 Automotive, Inc. will post 41 EPS for the current fiscal year.

Group 1 Automotive announced that its board has authorized a stock repurchase program on Tuesday, November 11th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 10.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Group 1 Automotive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. Group 1 Automotive’s dividend payout ratio is 7.00%.

Analyst Ratings Changes

Several research analysts have recently weighed in on GPI shares. Morgan Stanley set a $460.00 price target on shares of Group 1 Automotive in a report on Monday, December 8th. Evercore ISI assumed coverage on Group 1 Automotive in a research report on Tuesday, January 20th. They set an “outperform” rating and a $500.00 target price for the company. Barclays lowered their price target on Group 1 Automotive from $510.00 to $490.00 and set an “overweight” rating on the stock in a report on Wednesday, January 21st. Weiss Ratings downgraded Group 1 Automotive from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. cut their price objective on Group 1 Automotive from $435.00 to $410.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $475.14.

Check Out Our Latest Stock Report on GPI

About Group 1 Automotive

(Free Report)

Group 1 Automotive, Inc (NYSE: GPI) is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.

Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.

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

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