Intech Investment Management LLC Acquires 4,276 Shares of Group 1 Automotive, Inc. $GPI

Intech Investment Management LLC raised its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 54.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,139 shares of the company’s stock after acquiring an additional 4,276 shares during the quarter. Intech Investment Management LLC owned about 0.10% of Group 1 Automotive worth $4,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Group 1 Automotive by 54.9% in the fourth quarter. Signaturefd LLC now owns 79 shares of the company’s stock worth $31,000 after purchasing an additional 28 shares during the period. First Horizon Corp increased its position in shares of Group 1 Automotive by 881.8% in the fourth quarter. First Horizon Corp now owns 108 shares of the company’s stock worth $42,000 after purchasing an additional 97 shares during the last quarter. Torren Management LLC bought a new position in shares of Group 1 Automotive in the fourth quarter worth approximately $43,000. Assetmark Inc. increased its position in shares of Group 1 Automotive by 40.5% in the fourth quarter. Assetmark Inc. now owns 118 shares of the company’s stock worth $46,000 after purchasing an additional 34 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of Group 1 Automotive in the third quarter worth approximately $55,000. Institutional investors own 99.92% of the company’s stock.

Group 1 Automotive Stock Up 0.4%

GPI opened at $317.55 on Monday. The company has a market cap of $3.78 billion, a P/E ratio of 12.12, a P/E/G ratio of 0.72 and a beta of 0.81. The business’s 50-day moving average price is $332.70 and its 200-day moving average price is $359.20. The company has a current ratio of 0.95, a quick ratio of 0.21 and a debt-to-equity ratio of 1.00. Group 1 Automotive, Inc. has a 12 month low of $292.44 and a 12 month high of $488.39.

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

Group 1 Automotive Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently weighed in on GPI shares. Barclays upped their price objective on shares of 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 increased their target price on Group 1 Automotive from $420.00 to $462.00 and gave the company a “buy” rating in a research note on Monday, May 11th. 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. Morgan Stanley reduced their target price on Group 1 Automotive from $460.00 to $400.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Finally, Benchmark raised Group 1 Automotive from a “hold” rating to a “buy” rating and set a $425.00 target price on the stock in a research note on Monday, March 30th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $441.25.

About Group 1 Automotive

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.