Group 1 Automotive, Inc. $GPI Stock: Leeward Investments LLC MA Raises Holdings

Leeward Investments LLC MA raised its stake in Group 1 Automotive, Inc. (NYSE:GPI) by 7.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,283 shares of the company’s stock after acquiring an additional 4,150 shares during the period. Leeward Investments LLC MA’s holdings in Group 1 Automotive were worth $13,773,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Group 1 Automotive during the 2nd quarter worth approximately $42,000. Anchor Investment Management LLC lifted its holdings in shares of Group 1 Automotive by 112.0% in the 2nd quarter. Anchor Investment Management LLC now owns 212 shares of the company’s stock worth $62,000 after purchasing an additional 112 shares during the last quarter. Allworth Financial LP bought a new stake in shares of Group 1 Automotive in the 2nd quarter worth approximately $75,000. Group One Trading LLC bought a new stake in shares of Group 1 Automotive in the 2nd quarter worth approximately $79,000. Finally, Global Retirement Partners LLC acquired a new position in Group 1 Automotive during the 2nd quarter valued at approximately $81,000. 99.92% of the stock is owned by institutional investors.

Group 1 Automotive Price Performance

NYSE GPI opened at $244.41 on Monday. Group 1 Automotive, Inc. has a 52 week low of $224.65 and a 52 week high of $437.22. The company has a current ratio of 1.02, a quick ratio of 0.25 and a debt-to-equity ratio of 1.03. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 1.50 and a beta of 0.92. The company has a 50-day moving average price of $256.04 and a two-hundred day moving average price of $295.53.

Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings results on Thursday, July 30th. The company reported $9.61 EPS for the quarter, missing the consensus estimate of $10.60 by ($0.99). The firm had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.66 billion. Group 1 Automotive had a net margin of 1.31% and a return on equity of 15.66%. Group 1 Automotive’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.82 EPS. Analysts forecast that Group 1 Automotive, Inc. will post 37.68 EPS for the current year.

Group 1 Automotive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.55 per share. The ex-dividend date was Tuesday, September 1st. This represents a $2.20 annualized dividend and a dividend yield of 0.9%. Group 1 Automotive’s payout ratio is currently 9.16%.

Analyst Ratings Changes

A number of research firms recently issued reports on GPI. KeyCorp set a $425.00 price objective on Group 1 Automotive in a research report on Wednesday, October 7th. Seaport Research Partners set a $420.00 target price on Group 1 Automotive in a research report on Monday, August 3rd. JPMorgan Chase & Co. cut their target price on Group 1 Automotive from $275.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. DA Davidson set a $425.00 price target on shares of Group 1 Automotive in a report on Friday, July 10th. Finally, Morgan Stanley downgraded shares of Group 1 Automotive from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $300.00 to $232.00 in a report on Monday, October 5th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Group 1 Automotive presently has a consensus rating of “Hold” and an average price target of $341.67.

Insider Transactions at Group 1 Automotive

In other Group 1 Automotive news, major shareholder Conifer Management, L.L.C. acquired 133,472 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The stock was acquired at an average cost of $243.58 per share, with a total value of $32,511,109.76. Following the acquisition, the insider directly owned 1,772,050 shares of the company’s stock, valued at $431,635,939. This represents a 8.15% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders purchased 720,030 shares of company stock valued at $187,264,264. Corporate insiders own 2.40% of the company’s stock.

Group 1 Automotive Company Profile

Group 1 Automotive, Inc is an international automotive retailer headquartered in Houston, Texas. The company operates dealerships that sell new and used automobiles and light trucks from a broad range of manufacturers.

In addition to vehicle sales, Group 1 Automotive provides automotive financing and insurance products, vehicle maintenance and repair, collision services, replacement parts, and other related services. Its dealerships also market vehicles through digital retailing platforms.

Founded in 1997, Group 1 Automotive serves customers through a network of dealerships and automotive service locations in the United States, the United Kingdom, and Brazil.