Burney Co. Has $9.06 Million Stock Holdings in Group 1 Automotive, Inc. $GPI

Burney Co. decreased its position in Group 1 Automotive, Inc. (NYSE:GPI) by 32.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,389 shares of the company’s stock after selling 13,300 shares during the period. Burney Co.’s holdings in Group 1 Automotive were worth $9,056,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP boosted its stake in shares of Group 1 Automotive by 177.2% in the 3rd quarter. Brevan Howard Capital Management LP now owns 9,986 shares of the company’s stock valued at $4,369,000 after purchasing an additional 6,384 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Group 1 Automotive by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 184,732 shares of the company’s stock worth $80,822,000 after buying an additional 33,542 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Group 1 Automotive in the third quarter valued at approximately $2,538,000. Magnetar Financial LLC boosted its stake in Group 1 Automotive by 784.5% in the third quarter. Magnetar Financial LLC now owns 4,405 shares of the company’s stock valued at $1,927,000 after acquiring an additional 3,907 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Group 1 Automotive by 2,053.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 51,972 shares of the company’s stock valued at $20,403,000 after acquiring an additional 49,559 shares during the last quarter. 99.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup upped their target price on shares of Group 1 Automotive from $420.00 to $462.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Barclays raised their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Group 1 Automotive in a research note on Friday, June 12th. Benchmark upgraded Group 1 Automotive from a “hold” rating to a “buy” rating and set a $425.00 price objective for the company in a report on Monday, March 30th. Finally, JPMorgan Chase & Co. increased their target price 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $441.25.

Group 1 Automotive Stock Up 2.9%

Shares of NYSE GPI opened at $296.67 on Tuesday. Group 1 Automotive, Inc. has a 52-week low of $279.10 and a 52-week high of $488.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.21 and a current ratio of 0.95. The stock has a market cap of $3.53 billion, a P/E ratio of 11.33, a P/E/G ratio of 0.66 and a beta of 0.83. The firm has a 50 day moving average price of $321.00 and a 200 day moving average price of $342.34.

Group 1 Automotive (NYSE:GPI) last posted its earnings results 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). The firm had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.42 billion. Group 1 Automotive had a return on equity of 16.63% and a net margin of 1.46%.The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business posted $10.17 earnings per share. Analysts expect that Group 1 Automotive, Inc. will post 42.31 EPS for the current year.

Group 1 Automotive Dividend Announcement

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

Group 1 Automotive 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.