National Asset Management Inc. buys 178 shares of Group 1 Automotive, Inc. (NYSE: GPI)


National Asset Management Inc. increased its stake in the shares of Group 1 Automotive, Inc. (New York Stock Exchange: GPIGet a rating) by 10.1% during the 1st quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The company held 1,934 shares of the company after purchasing an additional 178 shares during the period. National Asset Management Inc.’s holdings in Group 1 Automotive were worth $326,000 at the end of the most recent quarter.

Other hedge funds have also increased or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new stake in Group 1 Automotive during Q4 valued at approximately $27,000. First Quadrant LLC CA acquired a new position in shares of Group 1 Automotive in Q1 worth approximately $33,000. UMB Bank NA MO acquired a new position in shares of Group 1 Automotive in Q4 for a value of approximately $46,000. National Bank of Canada FI acquired a new position in shares of Groupe 1 Automotive in the 4th quarter worth approximately $67,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Group 1 Automotive in Q4 worth approximately $135,000. 99.57% of the shares are currently held by institutional investors and hedge funds.

Changes to analyst ratings

A number of research analysts have recently released reports on GPI shares. Morgan Stanley lowered its price target on shares of Group 1 Automotive from $160.00 to $142.00 and set an “underweight” rating on the stock in a Thursday, July 14 research report. JPMorgan Chase & Co. lowered its price target on Group 1 Automotive shares from $210.00 to $200.00 in a Friday, July 15 research report. To finish, StockNews.com downgraded shares of Group 1 Automotive from a “strong buy” rating to a “buy” rating in a research report on Saturday.

Insider buying and selling at Group 1 Automotive

In other news, please Franck Grese sold 910 shares of the company in a trade on Friday, May 13. The shares were sold at an average price of $185.86, for a total value of $169,132.60. Following the completion of the sale, the senior vice president now owns 21,714 shares of the company, valued at approximately $4,035,764.04. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. In other news, please Franck Grese sold 910 shares of the company in a trade on Friday, May 13. The shares were sold at an average price of $185.86, for a total value of $169,132.60. Following the completion of the sale, the senior vice president now owns 21,714 shares of the company, valued at approximately $4,035,764.04. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, Vice Chairman Michael David Jones sold 1,000 shares of the company in a trade on Wednesday, June 8. The stock was sold at an average price of $181.49, for a total transaction of $181,490.00. Following the completion of the sale, the vice president now owns 12,972 shares of the company, valued at approximately $2,354,288.28. Disclosure of this sale can be found here. 3.80% of the shares are currently held by insiders of the company.

Group 1 car inventory up 0.3%

Group 1 Automotive Stock opened at $176.92 on Friday. The company has a quick ratio of 0.34, a current ratio of 1.02 and a debt ratio of 0.98. Group 1 Automotive, Inc. has a 12-month low of $145.72 and a 12-month high of $212.23. The company’s fifty-day moving average is $173.87 and its 200-day moving average is $176.11. The company has a market capitalization of $2.94 billion, a PE ratio of 4.86, a PEG ratio of 0.29 and a beta of 1.48.

Group 1 Automotive (New York Stock Exchange: GPIGet a rating) last reported results on Wednesday, July 27. The company reported earnings per share (EPS) of $12.00 for the quarter, beating consensus analyst estimates of $10.56 from $1.44. The company posted revenue of $4.10 billion for the quarter, versus a consensus estimate of $4.02 billion. The 1 Automotive group posted a net margin of 4.45% and a return on equity of 38.47%. Group 1 Automotive’s quarterly sales increased by 10.8% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $10.31. As a group, sell-side analysts expect Group 1 Automotive, Inc. to post EPS of 41.96 for the current fiscal year.

Group 1 Automotive increases its dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Wednesday, June 1 received a dividend of $0.37 per share. This represents a dividend of $1.48 on an annualized basis and a yield of 0.84%. The ex-dividend date was Tuesday, May 31. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.36. Group 1 Automotive’s payout ratio is 4.07%.

About Group 1 Automotive

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Group 1 Automotive, Inc, through its subsidiaries, operates in the motor vehicle retail business. The company sells new and used cars, light trucks and vehicle parts, as well as service and insurance contracts; organizes the financing of related vehicles; and provides automotive maintenance and repair services. It primarily operates in 17 states of the United States; and 35 UK cities.

See also

Want to see which other hedge funds hold GPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Group 1 Automotive, Inc. (New York Stock Exchange: GPIGet a rating).

Institutional ownership by quarter for Group 1 Automotive (NYSE: GPI)



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