Nisa Investment Advisors LLC Has $7.14 Million Position in Group 1 Automotive, Inc. $GPI

Nisa Investment Advisors LLC lowered its stake in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 9.9% in the second quarter, Holdings Channel reports. The firm owned 16,342 shares of the company’s stock after selling 1,793 shares during the period. Nisa Investment Advisors LLC’s holdings in Group 1 Automotive were worth $7,137,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Contravisory Investment Management Inc. lifted its stake in shares of Group 1 Automotive by 2.2% in the second quarter. Contravisory Investment Management Inc. now owns 1,077 shares of the company’s stock worth $470,000 after buying an additional 23 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Group 1 Automotive by 2.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,022 shares of the company’s stock worth $446,000 after acquiring an additional 23 shares during the period. Sage Rhino Capital LLC lifted its position in Group 1 Automotive by 4.6% during the 2nd quarter. Sage Rhino Capital LLC now owns 563 shares of the company’s stock worth $246,000 after acquiring an additional 25 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Group 1 Automotive by 2.7% during the first quarter. PNC Financial Services Group Inc. now owns 1,144 shares of the company’s stock valued at $437,000 after acquiring an additional 30 shares during the period. Finally, Xponance Inc. grew its position in shares of Group 1 Automotive by 2.5% in the first quarter. Xponance Inc. now owns 1,302 shares of the company’s stock valued at $497,000 after purchasing an additional 32 shares during the last quarter. Institutional investors own 99.92% of the company’s stock.

Insider Buying and Selling at Group 1 Automotive

In other news, Director Lincoln Pereira sold 7,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $469.34, for a total value of $3,285,380.00. Following the completion of the transaction, the director directly owned 82,967 shares of the company’s stock, valued at approximately $38,939,731.78. This represents a 7.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on GPI. Wall Street Zen cut Group 1 Automotive from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Morgan Stanley increased their price objective on Group 1 Automotive from $470.00 to $485.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Group 1 Automotive in a research report on Wednesday, October 8th. Citigroup reissued a “buy” rating on shares of Group 1 Automotive in a report on Thursday, September 25th. Finally, Zacks Research lowered shares of Group 1 Automotive from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Group 1 Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $478.00.

Group 1 Automotive Price Performance

NYSE:GPI opened at $419.38 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.24 and a current ratio of 1.05. The company has a 50-day moving average of $451.07 and a 200-day moving average of $436.51. Group 1 Automotive, Inc. has a 52 week low of $348.00 and a 52 week high of $490.09. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.14 and a beta of 0.85.

Group 1 Automotive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Group 1 Automotive’s payout ratio is presently 5.51%.

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.