2 weeks Ago By Defense World Staff
Thrivent Financial for Lutherans lessened its holdings in Group 1 Automotive, Inc. ( NYSE:GPI – Free Report ) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 10,970 shares of the company’s stock after selling 551 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Group 1 Automotive worth $3,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in GPI. Campbell & CO Investment Adviser LLC bought a new position in Group 1 Automotive during the fourth quarter valued at about $2,203,000. Hennessy Advisors Inc.
boosted its holdings in shares of Group 1 Automotive by 14.0% in the first quarter. Hennessy Advisors Inc.
now owns 91,900 shares of the company’s stock worth $26,856,000 after acquiring an additional 11,300 shares during the period. UniSuper Management Pty Ltd purchased a new stake in Group 1 Automotive during the 1st quarter worth about $887,000. Wells Fargo & Company MN boosted its stake in Group 1 Automotive by 21.
6% in the 4th quarter. Wells Fargo & Company MN now owns 30,845 shares of the company’s stock worth $9,400,000 after purchasing an additional 5,472 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Group 1 Automotive by 15.
2% during the 1st quarter. BNP Paribas Financial Markets now owns 22,236 shares of the company’s stock valued at $6,498,000 after buying an additional 2,927 shares in the last quarter. 99.
92% of the stock is owned by hedge funds and other institutional investors. Group 1 Automotive Price Performance GPI opened at $385.94 on Monday.
The company has a current ratio of 1.02, a quick ratio of 0.26 and a debt-to-equity ratio of 0.
80. The stock has a market capitalization of $5.22 billion, a P/E ratio of 9.
11, a PEG ratio of 1.94 and a beta of 1.33.
The stock has a 50-day moving average price of $356.83 and a 200-day moving average price of $316.25.
Group 1 Automotive, Inc. has a 12-month low of $228.84 and a 12-month high of $393.
93. Group 1 Automotive Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 2nd were paid a $0.
47 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.
88 annualized dividend and a dividend yield of 0.49%. Group 1 Automotive’s dividend payout ratio is presently 4.
44%. Insider Activity at Group 1 Automotive In other Group 1 Automotive news, VP Michael David Jones sold 1,200 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $350.
99, for a total transaction of $421,188.00. Following the sale, the vice president now directly owns 9,742 shares in the company, valued at approximately $3,419,344.
58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website . 1.
70% of the stock is owned by insiders. Wall Street Analysts Forecast Growth GPI has been the subject of a number of analyst reports. StockNews.
com upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday. Morgan Stanley raised shares of Group 1 Automotive from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $285.00 to $430.
00 in a report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their price objective on Group 1 Automotive from $360.
00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Stephens started coverage on Group 1 Automotive in a research note on Thursday, September 12th.
They issued an “equal weight” rating and a $394.00 target price on the stock. Finally, Bank of America dropped their price target on Group 1 Automotive from $445.
00 to $435.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock.
Based on data from MarketBeat.com, Group 1 Automotive has a consensus rating of “Moderate Buy” and an average target price of $396.80.
Check Out Our Latest Research Report on GPI Group 1 Automotive Company 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. Read More Five stocks we like better than Group 1 Automotive Asset Allocation: The Key to a Successful Portfolio.
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