State of Tennessee Treasury Department continued to hold its position in shares of Group 1 Automotive, Inc. (NYSE:GPI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,605 shares of the company’s stock at the end of the 2nd quarter. State of Tennessee Treasury Department owned 0.09% of Group 1 Automotive worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capstone Asset Management Co. raised its stake in shares of Group 1 Automotive by 0.9% in the 2nd quarter. Capstone Asset Management Co. now owns 7,051 shares of the company’s stock valued at $446,000 after purchasing an additional 60 shares during the period. Arizona State Retirement System raised its stake in shares of Group 1 Automotive by 1.0% in the 1st quarter. Arizona State Retirement System now owns 10,331 shares of the company’s stock valued at $765,000 after purchasing an additional 100 shares during the period. Ironwood Investment Management LLC raised its stake in shares of Group 1 Automotive by 0.5% in the 1st quarter. Ironwood Investment Management LLC now owns 21,920 shares of the company’s stock valued at $1,624,000 after purchasing an additional 110 shares during the period. Texas Permanent School Fund raised its stake in shares of Group 1 Automotive by 1.3% in the 2nd quarter. Texas Permanent School Fund now owns 14,579 shares of the company’s stock valued at $923,000 after purchasing an additional 180 shares during the period. Finally, Moon Capital Management LLC raised its stake in shares of Group 1 Automotive by 0.6% in the 2nd quarter. Moon Capital Management LLC now owns 33,957 shares of the company’s stock valued at $2,150,000 after purchasing an additional 200 shares during the period. 97.67% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO John C. Rickel sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $66.99, for a total value of $669,900.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 7.00% of the company’s stock.

Several research firms have issued reports on GPI. TheStreet downgraded Group 1 Automotive from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. Zacks Investment Research raised Group 1 Automotive from a “strong sell” rating to a “hold” rating in a research note on Friday, June 30th. BidaskClub downgraded Group 1 Automotive from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Wells Fargo & Company restated a “market perform” rating and issued a $66.00 price objective (down previously from $75.00) on shares of Group 1 Automotive in a report on Monday, July 17th. Finally, ValuEngine cut Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $70.50.

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Group 1 Automotive, Inc. (NYSE:GPI) opened at 69.34 on Monday. The stock has a 50 day moving average price of $59.18 and a 200 day moving average price of $64.20. Group 1 Automotive, Inc. has a one year low of $51.62 and a one year high of $83.18. The company has a market cap of $1.39 billion, a PE ratio of 10.66 and a beta of 1.61.

Group 1 Automotive (NYSE:GPI) last posted its earnings results 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 business had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the company earned $2.16 EPS. The company’s revenue was down 4.0% on a year-over-year basis. On average, equities analysts anticipate that Group 1 Automotive, Inc. will post $7.09 EPS for the current fiscal year.

The firm also recently announced 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 was Wednesday, August 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.38%. Group 1 Automotive’s dividend payout ratio is presently 14.75%.

Group 1 Automotive Company 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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