Group 1 Automotive, Inc. (NYSE:GPI) announced a quarterly dividend on Thursday, February 15th, RTT News reports. Shareholders of record on Thursday, March 1st will be given a dividend of 0.26 per share on Thursday, March 15th. This represents a $1.04 annualized dividend and a yield of 1.36%. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.25.
Group 1 Automotive has raised its dividend payment by an average of 11.5% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Group 1 Automotive has a dividend payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Group 1 Automotive to earn $9.04 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 11.1%.
Shares of Group 1 Automotive (GPI) opened at $76.25 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 0.79. The company has a market cap of $1,596.55, a PE ratio of 9.89, a PEG ratio of 1.24 and a beta of 1.70. Group 1 Automotive has a 52-week low of $51.62 and a 52-week high of $84.47.
Several equities research analysts have recently commented on GPI shares. Bank of America boosted their target price on shares of Group 1 Automotive from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Buckingham Research raised shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Friday, January 5th. Zacks Investment Research raised shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Wells Fargo & Co boosted their target price on shares of Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $86.00.
In related news, CEO Earl J. Hesterberg sold 28,519 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $80.06, for a total transaction of $2,283,231.14. Following the transaction, the chief executive officer now directly owns 108,440 shares in the company, valued at $8,681,706.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Earl J. Hesterberg sold 10,640 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $74.44, for a total transaction of $792,041.60. Following the transaction, the chief executive officer now owns 165,010 shares in the company, valued at $12,283,344.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 167,398 shares of company stock worth $12,974,458. 6.08% of the stock is owned by corporate insiders.
WARNING: “Group 1 Automotive, Inc. (GPI) Declares Quarterly Dividend of $0.26” was first posted by BBNS and is owned by of BBNS. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://baseballnewssource.com/markets/group-1-automotive-inc-gpi-declares-quarterly-dividend-of-0-26/1885948.html.
About Group 1 Automotive
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.
Receive News & Ratings for Group 1 Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive and related companies with MarketBeat.com's FREE daily email newsletter.