KBC Group NV increased its position in Group 1 Automotive, Inc. (NYSE:GPI) by 45.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,354 shares of the company’s stock after buying an additional 1,982 shares during the period. KBC Group NV’s holdings in Group 1 Automotive were worth $471,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in Group 1 Automotive by 492.7% in the first quarter. Bank of Montreal Can now owns 31,129 shares of the company’s stock worth $2,306,000 after buying an additional 25,877 shares during the last quarter. Norges Bank bought a new stake in Group 1 Automotive during the fourth quarter worth $6,783,000. Elliott Management Corp boosted its stake in Group 1 Automotive by 14.6% in the fourth quarter. Elliott Management Corp now owns 245,251 shares of the company’s stock worth $19,115,000 after buying an additional 31,259 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Group 1 Automotive by 5.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,730 shares of the company’s stock worth $836,000 after buying an additional 570 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in Group 1 Automotive by 92.9% in the fourth quarter. Guggenheim Capital LLC now owns 41,473 shares of the company’s stock worth $3,232,000 after buying an additional 19,975 shares during the last quarter. 97.19% of the stock is currently owned by institutional investors.
Group 1 Automotive, Inc. (NYSE GPI) opened at 59.07 on Wednesday. The firm has a market capitalization of $1.22 billion, a PE ratio of 8.69 and a beta of 1.53. Group 1 Automotive, Inc. has a one year low of $47.31 and a one year high of $83.18. The stock has a 50 day moving average of $62.27 and a 200-day moving average of $72.85.
Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings results on Friday, April 28th. The company reported $1.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by $0.18. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.60 billion. Group 1 Automotive had a net margin of 1.32% and a return on equity of 17.16%. The business’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.59 earnings per share. On average, equities analysts predict that Group 1 Automotive, Inc. will post $7.36 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Tuesday, May 30th. Group 1 Automotive’s dividend payout ratio is currently 14.14%.
A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. BidaskClub raised shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Finally, ValuEngine cut shares of Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Group 1 Automotive presently has an average rating of “Hold” and an average target price of $69.33.
About Group 1 Automotive
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.
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