Hotchkis & Wiley Capital Management LLC increased its stake in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 1.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 165,400 shares of the company’s stock after purchasing an additional 2,530 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.79% of Group 1 Automotive worth $10,473,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GPI. BlackRock Inc. boosted its position in shares of Group 1 Automotive by 47,561.6% during the 1st quarter. BlackRock Inc. now owns 2,537,979 shares of the company’s stock worth $188,015,000 after purchasing an additional 2,532,654 shares during the period. Vanguard Group Inc. boosted its position in shares of Group 1 Automotive by 25.5% during the 1st quarter. Vanguard Group Inc. now owns 2,153,519 shares of the company’s stock worth $159,532,000 after purchasing an additional 437,387 shares during the period. Crescent Grove Advisors LLC purchased a new position in shares of Group 1 Automotive during the 2nd quarter worth approximately $21,536,000. Prudential Financial Inc. boosted its position in shares of Group 1 Automotive by 84.7% during the 1st quarter. Prudential Financial Inc. now owns 182,984 shares of the company’s stock worth $13,556,000 after purchasing an additional 83,922 shares during the period. Finally, American Century Companies Inc. purchased a new position in shares of Group 1 Automotive during the 2nd quarter worth approximately $4,189,000. 97.67% of the stock is owned by hedge funds and other institutional investors.

GPI has been the subject of a number of research analyst reports. Goldman Sachs Group, Inc. (The) raised shares of Group 1 Automotive from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $56.00 to $67.00 in a research report on Thursday, September 7th. ValuEngine lowered shares of Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. BidaskClub upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Zacks Investment Research lowered shares of Group 1 Automotive from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $66.00 target price (down from $75.00) on shares of Group 1 Automotive in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Group 1 Automotive has an average rating of “Hold” and a consensus price target of $70.50.

Shares of Group 1 Automotive, Inc. (NYSE:GPI) opened at 66.30 on Monday. The firm’s 50-day moving average is $58.88 and its 200-day moving average is $64.58. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 10.19 and a beta of 1.61. Group 1 Automotive, Inc. has a 12-month low of $51.62 and a 12-month high of $83.18.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings data on Thursday, July 27th. The company reported $1.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.99 by ($0.12). Group 1 Automotive had a return on equity of 15.73% and a net margin of 1.26%. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the business earned $2.16 EPS. The firm’s revenue was down 4.0% on a year-over-year basis. Equities research analysts forecast that Group 1 Automotive, Inc. will post $7.09 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.45%. Group 1 Automotive’s dividend payout ratio (DPR) is presently 14.75%.

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Group 1 Automotive Profile

Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.

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Institutional Ownership by Quarter for Group 1 Automotive (NYSE:GPI)

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