Vident Investment Advisory LLC grew its stake in Group 1 Automotive, Inc. (NYSE:GPI) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,100 shares of the company’s stock after buying an additional 660 shares during the quarter. Vident Investment Advisory LLC owned approximately 0.22% of Group 1 Automotive worth $2,778,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlueMountain Capital Management LLC bought a new position in shares of Group 1 Automotive in the second quarter worth about $119,000. Balter Liquid Alternatives LLC bought a new position in shares of Group 1 Automotive in the second quarter worth about $145,000. Flinton Capital Management LLC boosted its stake in shares of Group 1 Automotive by 74.4% in the second quarter. Flinton Capital Management LLC now owns 2,400 shares of the company’s stock worth $151,000 after acquiring an additional 1,024 shares during the period. Meadow Creek Investment Management LLC boosted its stake in shares of Group 1 Automotive by 74.4% in the second quarter. Meadow Creek Investment Management LLC now owns 3,300 shares of the company’s stock worth $208,000 after acquiring an additional 1,408 shares during the period. Finally, Point72 Asia Hong Kong Ltd boosted its stake in shares of Group 1 Automotive by 745.3% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,711 shares of the company’s stock worth $242,000 after acquiring an additional 3,272 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

In related news, VP Darryl M. Burman sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $78.00, for a total transaction of $312,000.00. Following the completion of the transaction, the vice president now directly owns 64,178 shares of the company’s stock, valued at $5,005,884. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Darryl M. Burman sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $79.82, for a total value of $119,730.00. Following the transaction, the vice president now directly owns 62,978 shares of the company’s stock, valued at $5,026,903.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,200 shares of company stock valued at $3,012,805. 4.95% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on GPI. ValuEngine lowered Group 1 Automotive from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. Morgan Stanley lowered Group 1 Automotive to a “sell” rating in a research note on Tuesday, July 10th. Zacks Investment Research raised Group 1 Automotive from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Wednesday, June 20th. Finally, Stephens reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Group 1 Automotive in a research note on Friday, July 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Group 1 Automotive presently has an average rating of “Hold” and a consensus price target of $85.71.

Shares of Group 1 Automotive stock opened at $75.17 on Friday. Group 1 Automotive, Inc. has a 12 month low of $59.72 and a 12 month high of $84.47. The company has a market cap of $1.44 billion, a P/E ratio of 9.72 and a beta of 1.92. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.07 and a quick ratio of 0.26.

Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings results on Thursday, July 26th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.31. Group 1 Automotive had a return on equity of 15.73% and a net margin of 1.97%. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the company earned $1.87 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. research analysts predict that Group 1 Automotive, Inc. will post 8.94 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, August 31st. Group 1 Automotive’s payout ratio is presently 13.45%.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. It sells new and used cars, light trucks, and vehicle parts; arranges vehicle financing; sells service and insurance contracts; and provides automotive maintenance and repair services. The company has operations primarily in the metropolitan areas of Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 28 towns in the United Kingdom; and in the metropolitan markets of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

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

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