Rockefeller Capital Management L.P. Decreases Holdings in Group 1 Automotive, Inc. $GPI

Rockefeller Capital Management L.P. decreased its stake in Group 1 Automotive, Inc. (NYSE:GPI) by 85.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,464 shares of the company’s stock after selling 32,405 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Group 1 Automotive were worth $2,149,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GPI. Northwestern Mutual Wealth Management Co. lifted its stake in Group 1 Automotive by 366,770.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,431,464 shares of the company’s stock valued at $10,002,195,000 after buying an additional 25,424,532 shares in the last quarter. Norges Bank purchased a new stake in Group 1 Automotive during the 4th quarter worth approximately $98,125,000. Franklin Resources Inc. raised its holdings in shares of Group 1 Automotive by 968.8% during the third quarter. Franklin Resources Inc. now owns 84,412 shares of the company’s stock valued at $36,931,000 after acquiring an additional 76,514 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Group 1 Automotive by 34.8% in the third quarter. Victory Capital Management Inc. now owns 226,915 shares of the company’s stock valued at $99,278,000 after acquiring an additional 58,641 shares in the last quarter. Finally, Algert Global LLC lifted its position in shares of Group 1 Automotive by 365.9% in the third quarter. Algert Global LLC now owns 63,980 shares of the company’s stock valued at $27,992,000 after acquiring an additional 50,248 shares in the last quarter. Hedge funds and other institutional investors own 99.92% of the company’s stock.

Group 1 Automotive Price Performance

GPI stock opened at $297.51 on Tuesday. Group 1 Automotive, Inc. has a 1 year low of $291.33 and a 1 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. The firm has a market capitalization of $3.54 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.69 and a beta of 0.81. The business has a 50 day simple moving average of $326.48 and a 200-day simple moving average of $346.76.

Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings data on Thursday, April 30th. The company reported $8.66 EPS for the quarter, missing analysts’ consensus estimates of $8.82 by ($0.16). The company had revenue of $5.41 billion for 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 business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.17 EPS. Equities research analysts anticipate that Group 1 Automotive, Inc. will post 42.37 earnings per share for the current fiscal year.

Group 1 Automotive Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently commented on GPI. Bank of America began coverage on Group 1 Automotive in a research report on Wednesday, March 4th. They set a “buy” rating for the company. Morgan Stanley decreased their price objective on Group 1 Automotive from $460.00 to $400.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. UBS Group started coverage on shares of Group 1 Automotive in a research note on Wednesday, May 27th. They set a “neutral” rating and a $338.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of Group 1 Automotive from $385.00 to $390.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, Benchmark upgraded shares of Group 1 Automotive from a “hold” rating to a “buy” rating and set a $425.00 target price for the company in a research report on Monday, March 30th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $441.25.

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.