1,800 Shares in Group 1 Automotive, Inc. $GPI Acquired by Versor Investments LP

Versor Investments LP acquired a new position in shares of Group 1 Automotive, Inc. (NYSE:GPI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,800 shares of the company’s stock, valued at approximately $786,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elequin Capital LP bought a new position in Group 1 Automotive during the 1st quarter worth approximately $29,000. Signaturefd LLC lifted its stake in Group 1 Automotive by 90.5% in the second quarter. Signaturefd LLC now owns 80 shares of the company’s stock valued at $35,000 after buying an additional 38 shares in the last quarter. Assetmark Inc. lifted its stake in Group 1 Automotive by 25.8% in the second quarter. Assetmark Inc. now owns 122 shares of the company’s stock valued at $53,000 after buying an additional 25 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of Group 1 Automotive during the first quarter worth $64,000. Finally, GAMMA Investing LLC raised its holdings in shares of Group 1 Automotive by 95.9% during the first quarter. GAMMA Investing LLC now owns 237 shares of the company’s stock worth $91,000 after acquiring an additional 116 shares during the period. Institutional investors own 99.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Zacks Research cut Group 1 Automotive from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Morgan Stanley increased their price objective on Group 1 Automotive from $470.00 to $485.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. lifted their target price on Group 1 Automotive from $430.00 to $435.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Group 1 Automotive in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Group 1 Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $478.00.

Insider Activity

In related news, Director Lincoln Pereira sold 7,000 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $469.34, for a total transaction of $3,285,380.00. Following the transaction, the director directly owned 82,967 shares in the company, valued at approximately $38,939,731.78. The trade was a 7.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is owned by company insiders.

Group 1 Automotive Price Performance

NYSE GPI opened at $393.81 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. Group 1 Automotive, Inc. has a 12-month low of $355.91 and a 12-month high of $490.09. The company has a market capitalization of $4.97 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 1.09 and a beta of 0.85. The firm’s 50 day moving average is $445.10 and its 200-day moving average is $436.80.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $10.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.64 by ($0.19). Group 1 Automotive had a net margin of 1.67% and a return on equity of 18.08%. The business had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same quarter last year, the business earned $9.90 earnings per share. Group 1 Automotive’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts anticipate that Group 1 Automotive, Inc. will post 41 earnings per share for the current fiscal year.

Group 1 Automotive Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.50 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.5%. Group 1 Automotive’s dividend payout ratio (DPR) is 7.00%.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.