5,848 Shares in Group 1 Automotive, Inc. $GPI Purchased by OP Asset Management Ltd

OP Asset Management Ltd purchased a new stake in shares of Group 1 Automotive, Inc. (NYSE:GPI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,848 shares of the company’s stock, valued at approximately $1,934,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Signaturefd LLC grew its position in shares of Group 1 Automotive by 54.9% during the 4th quarter. Signaturefd LLC now owns 79 shares of the company’s stock valued at $31,000 after acquiring an additional 28 shares during the period. First Horizon Corp raised its holdings in shares of Group 1 Automotive by 881.8% in the 4th quarter. First Horizon Corp now owns 108 shares of the company’s stock worth $42,000 after purchasing an additional 97 shares during the period. Torren Management LLC purchased a new position in Group 1 Automotive in the fourth quarter valued at approximately $43,000. Assetmark Inc. grew its holdings in Group 1 Automotive by 40.5% during the fourth quarter. Assetmark Inc. now owns 118 shares of the company’s stock valued at $46,000 after purchasing an additional 34 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in Group 1 Automotive during the third quarter valued at $55,000. Institutional investors own 99.92% of the company’s stock.

Wall Street Analysts Forecast Growth

GPI has been the topic of a number of recent research reports. Bank of America began coverage on shares of Group 1 Automotive in a research note on Wednesday, March 4th. They set a “buy” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Group 1 Automotive in a report on Friday, June 12th. Barclays increased their target price on Group 1 Automotive from $455.00 to $470.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Citigroup lifted their price target on Group 1 Automotive from $420.00 to $462.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Group 1 Automotive from $385.00 to $390.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $441.25.

Group 1 Automotive Price Performance

Shares of NYSE:GPI opened at $301.52 on Monday. The company’s fifty day moving average price is $327.25 and its 200-day moving average price is $347.56. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 0.69 and a beta of 0.81. Group 1 Automotive, Inc. has a one year low of $292.44 and a one year high of $488.39. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.95 and a quick ratio of 0.21.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, April 30th. The company reported $8.66 earnings per share for the quarter, missing the consensus estimate of $8.82 by ($0.16). Group 1 Automotive had a net margin of 1.46% and a return on equity of 16.63%. The company had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter last year, the business posted $10.17 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that Group 1 Automotive, Inc. will post 42.37 earnings per share for the current fiscal year.

Group 1 Automotive Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.20 annualized dividend and a yield of 0.7%. Group 1 Automotive’s payout ratio is 8.40%.

Group 1 Automotive Company Profile

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.