Comerica Financial institution lowered its stake in Group 1 Automotive, Inc. (NYSE:GPI – Get Ranking) by 14.4% through the third quarter, in accordance with its most up-to-date 13F submitting with the SEC. The agency owned 12,272 shares of the corporate’s inventory after promoting 2,060 shares through the quarter. Comerica Financial institution owned 0.08% of Group 1 Automotive value $1,958,000 as of its most up-to-date submitting with the SEC.
A number of different institutional traders and hedge funds additionally just lately added to or decreased their stakes in GPI. SG Americas Securities LLC grew its place in shares of Group 1 Automotive by 43.4% within the second quarter. SG Americas Securities LLC now owns 8,081 shares of the corporate’s inventory valued at $1,372,000 after buying a further 2,444 shares through the interval. M&T Financial institution Corp elevated its stake in Group 1 Automotive by 11.3% through the 2nd quarter. M&T Financial institution Corp now owns 1,786 shares of the corporate’s inventory value $303,000 after shopping for a further 182 shares within the final quarter. Connor Clark & Lunn Funding Administration Ltd. acquired a brand new place in shares of Group 1 Automotive through the second quarter valued at roughly $315,000. Burns J W & Co. Inc. NY bought a brand new place in shares of Group 1 Automotive within the third quarter valued at roughly $271,000. Lastly, Clearbridge Investments LLC boosted its stake in shares of Group 1 Automotive by 28.9% within the second quarter. Clearbridge Investments LLC now owns 95,605 shares of the corporate’s inventory value $16,234,000 after buying a further 21,409 shares over the past quarter. Hedge funds and different institutional traders personal 97.71% of the corporate’s inventory.
Group 1 Automotive Inventory Down 1.2 %
Shares of GPI opened at $190.49 on Friday. Group 1 Automotive, Inc. has a 52-week low of $136.16 and a 52-week excessive of $200.86. The corporate has a fast ratio of 0.31, a present ratio of 1.03 and a debt-to-equity ratio of 0.81. The inventory has a fifty day easy transferring common of $186.12 and a two-hundred day easy transferring common of $175.11. The corporate has a market capitalization of $2.78 billion, a PE ratio of 4.63, a price-to-earnings-growth ratio of 1.65 and a beta of 1.49.
Group 1 Automotive (NYSE:GPI – Get Ranking) final launched its quarterly earnings knowledge on Wednesday, October twenty sixth. The corporate reported $12.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.99 by $1.01. The agency had income of $4.16 billion through the quarter, in comparison with analysts’ expectations of $4.07 billion. Group 1 Automotive had a internet margin of 4.32% and a return on fairness of 36.79%. As a bunch, equities analysts forecast that Group 1 Automotive, Inc. will publish 45.66 EPS for the present yr.
Group 1 Automotive Will increase Dividend
The agency additionally just lately disclosed a quarterly dividend, which was paid on Thursday, December fifteenth. Traders of report on Thursday, December 1st got a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.82%. This can be a constructive change from Group 1 Automotive’s earlier quarterly dividend of $0.38. The ex-dividend date was Wednesday, November thirtieth. Group 1 Automotive’s dividend payout ratio is presently 3.80%.
Wall Avenue Analyst Weigh In
A variety of brokerages have weighed in on GPI. JPMorgan Chase & Co. upgraded Group 1 Automotive from a “impartial” score to an “obese” score and set a $210.00 value goal on the inventory in a report on Thursday, October sixth. Morgan Stanley lowered their value goal on shares of Group 1 Automotive from $142.00 to $134.00 and set an “underweight” score on the inventory in a analysis report on Tuesday. Lastly, StockNews.com started protection on shares of Group 1 Automotive in a analysis notice on Wednesday, October twelfth. They set a “purchase” score for the corporate.
Insiders Place Their Bets
In different information, CEO Earl J. Hesterberg bought 13,925 shares of the corporate’s inventory in a transaction on Thursday, November seventeenth. The inventory was bought at a median value of $189.14, for a complete worth of $2,633,774.50. Following the transaction, the chief government officer now owns 76,079 shares of the corporate’s inventory, valued at roughly $14,389,582.06. The sale was disclosed in a submitting with the SEC, which is accessible by way of the SEC web site. In associated information, CEO Earl J. Hesterberg bought 30,000 shares of Group 1 Automotive inventory in a transaction that occurred on Thursday, October twenty seventh. The shares have been bought at a median value of $173.74, for a complete worth of $5,212,200.00. Following the completion of the sale, the chief government officer now owns 8,974 shares within the firm, valued at roughly $1,559,142.76. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which could be accessed by way of the SEC web site. Additionally, CEO Earl J. Hesterberg bought 13,925 shares of the corporate’s inventory in a transaction on Thursday, November seventeenth. The inventory was bought at a median value of $189.14, for a complete worth of $2,633,774.50. Following the transaction, the chief government officer now owns 76,079 shares within the firm, valued at $14,389,582.06. The disclosure for this sale could be discovered right here. Insiders bought a complete of 49,925 shares of firm inventory valued at $8,920,415 during the last quarter. 3.80% of the inventory is owned by insiders.
Group 1 Automotive Profile
Group 1 Automotive, Inc, by way of its subsidiaries, operates within the automotive retail business. The corporate sells new and used vehicles, gentle vehicles, and car elements, in addition to service and insurance coverage contracts; arranges associated car financing; and affords automotive upkeep and restore providers. It operates primarily in 17 states in the USA; and 35 cities in the UK.
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