2 weeks Ago By ABMN Staff
Xponance Inc. lifted its holdings in shares of Group 1 Automotive, Inc. ( NYSE:GPI – Free Report ) by 14.
3% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,270 shares of the company’s stock after acquiring an additional 159 shares during the period.
Xponance Inc.’s holdings in Group 1 Automotive were worth $535,000 as of its most recent SEC filing. Other hedge funds have also recently modified their holdings of the company.
State Street Corp grew its position in Group 1 Automotive by 2.1% during the 3rd quarter. State Street Corp now owns 541,766 shares of the company’s stock worth $207,518,000 after purchasing an additional 10,969 shares during the last quarter.
FMR LLC increased its position in shares of Group 1 Automotive by 133.0% in the 3rd quarter. FMR LLC now owns 407,930 shares of the company’s stock valued at $156,253,000 after acquiring an additional 232,846 shares during the period.
Geode Capital Management LLC raised its stake in Group 1 Automotive by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 305,602 shares of the company’s stock worth $117,080,000 after acquiring an additional 1,985 shares during the last quarter.
Thrivent Financial for Lutherans lifted its position in Group 1 Automotive by 111.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 161,216 shares of the company’s stock worth $67,949,000 after acquiring an additional 84,832 shares during the period.
Finally, Franklin Resources Inc. grew its stake in Group 1 Automotive by 2.3% during the 3rd quarter.
Franklin Resources Inc. now owns 156,627 shares of the company’s stock valued at $55,701,000 after purchasing an additional 3,507 shares during the last quarter. Institutional investors and hedge funds own 99.
92% of the company’s stock. Analysts Set New Price Targets GPI has been the subject of a number of recent research reports. JPMorgan Chase & Co.
raised their price target on shares of Group 1 Automotive from $420.00 to $495.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th.
Jefferies Financial Group started coverage on Group 1 Automotive in a research note on Friday, December 13th. They set a “buy” rating and a $500.00 price objective for the company.
Finally, Stephens reaffirmed an “equal weight” rating and set a $460.00 target price on shares of Group 1 Automotive in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock.
According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $460.33.
Group 1 Automotive Price Performance Shares of GPI opened at $421.24 on Wednesday. The company has a current ratio of 1.
03, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92.
The stock’s 50 day moving average is $445.98 and its two-hundred day moving average is $412.93.
The firm has a market capitalization of $5.58 billion, a PE ratio of 11.46 and a beta of 1.
33. Group 1 Automotive, Inc. has a twelve month low of $262.
31 and a twelve month high of $490.09. Group 1 Automotive ( NYSE:GPI – Get Free Report ) last released its quarterly earnings results on Wednesday, January 29th.
The company reported $10.02 earnings per share (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%. Research analysts anticipate that Group 1 Automotive, Inc. will post 41 earnings per share for the current 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 is a boost from Group 1 Automotive’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, March 3rd.
This represents a $2.00 annualized dividend and a yield of 0.47%.
Group 1 Automotive’s dividend payout ratio (DPR) is presently 5.44%. 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 Want to see what other hedge funds are holding GPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Group 1 Automotive, Inc.
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