1 week Ago By ABMN Staff
Pictet Asset Management Holding SA increased its position in shares of Group 1 Automotive, Inc. ( NYSE:GPI – Free Report ) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 1,953 shares of the company’s stock after purchasing an additional 174 shares during the period. Pictet Asset Management Holding SA’s holdings in Group 1 Automotive were worth $823,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors have also added to or reduced their stakes in GPI.
Norges Bank acquired a new stake in shares of Group 1 Automotive during the fourth quarter worth $65,721,000. Wealthfront Advisers LLC acquired a new stake in Group 1 Automotive in the 4th quarter worth about $37,119,000. Thrivent Financial for Lutherans boosted its holdings in Group 1 Automotive by 111.
1% in the 4th quarter. Thrivent Financial for Lutherans now owns 161,216 shares of the company’s stock valued at $67,949,000 after purchasing an additional 84,832 shares during the period. Raymond James Financial Inc.
acquired a new position in shares of Group 1 Automotive during the 4th quarter worth approximately $21,608,000. Finally, Barclays PLC increased its holdings in shares of Group 1 Automotive by 244.7% during the third quarter.
Barclays PLC now owns 56,319 shares of the company’s stock worth $21,573,000 after purchasing an additional 39,982 shares during the period. 99.92% of the stock is currently owned by institutional investors.
Analyst Ratings Changes Several equities research analysts recently issued reports on the company. Stephens reiterated an “equal weight” rating and issued a $460.00 price target on shares of Group 1 Automotive in a research note on Thursday, January 30th.
Jefferies Financial Group began coverage on Group 1 Automotive in a report on Friday, December 13th. They set a “buy” rating and a $500.00 target price on the stock.
Finally, JPMorgan Chase & Co. decreased their price target on Group 1 Automotive from $495.00 to $435.
00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $450.
33. Group 1 Automotive Price Performance Group 1 Automotive stock opened at $385.30 on Tuesday.
The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 1.
03. Group 1 Automotive, Inc. has a 52 week low of $262.
31 and a 52 week high of $490.09. The stock has a market capitalization of $5.
10 billion, a P/E ratio of 10.48 and a beta of 1.05.
The stock has a fifty day moving average of $435.17 and a 200-day moving average of $414.50.
Group 1 Automotive ( NYSE:GPI – Get Free Report ) last issued its earnings results on Wednesday, January 29th. The company reported $10.02 EPS for the quarter, topping the consensus estimate of $8.
77 by $1.25. Group 1 Automotive had a return on equity of 18.
09% and a net margin of 2.47%. On average, sell-side analysts expect that Group 1 Automotive, Inc.
will post 41 earnings per share for the current fiscal year. Group 1 Automotive Increases Dividend The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.
50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.
52%. The ex-dividend date was Monday, March 3rd. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.
47. Group 1 Automotive’s payout ratio is presently 5.44%.
Group 1 Automotive Profile ( Free Report ) Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. Recommended Stories Receive News & Ratings for Group 1 Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive and related companies with MarketBeat.
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