Trade Report: The New York State Teachers Retirement System decreases its position in Group 1 Automotive Inc. (GPI)

The New York State Teachers Retirement System decreases its position in Group 1 Automotive Inc. (GPI)

New York State Teachers Retirement System lowered its position in Group 1 Automotive Inc. (NYSE:GPI) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 51,683 shares of the company’s stock after selling 200 shares during the period. New York State Teachers Retirement System’s holdings in Group 1 Automotive were worth $2,551,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Nisa Investment Advisors L.L.C. raised its stake in shares of Group 1 Automotive by 0.8% in the first quarter. Nisa Investment Advisors L.L.C. now owns 24,148 shares of the company’s stock worth $1,417,000 after buying an additional 200 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Group 1 Automotive by 6.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 5,374 shares of the company’s stock worth $315,000 after buying an additional 325 shares in the last quarter. NN Investment Partners Holdings N.V. increased its position in shares of Group 1 Automotive by 3.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 10,350 shares of the company’s stock worth $511,000 after buying an additional 360 shares in the last quarter. Moon Capital Management LLC increased its position in shares of Group 1 Automotive by 2.1% in the second quarter. Moon Capital Management LLC now owns 35,728 shares of the company’s stock worth $1,764,000 after buying an additional 737 shares in the last quarter. Finally, Aperio Group LLC increased its position in shares of Group 1 Automotive by 26.2% in the first quarter. Aperio Group LLC now owns 4,688 shares of the company’s stock worth $275,000 after buying an additional 973 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Shares of Group 1 Automotive Inc. (NYSE:GPI) traded up 0.95% on Friday, reaching $62.73. The company’s stock had a trading volume of 187,355 shares. Group 1 Automotive Inc. has a 52-week low of $47.31 and a 52-week high of $89.64. The company has a market cap of $1.30 billion, a P/E ratio of 15.76 and a beta of 1.58. The company has a 50 day moving average price of $61.64 and a 200 day moving average price of $59.16.

Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings data on Thursday, July 28th. The company reported $2.16 EPS for the quarter, beating the Zacks’ consensus estimate of $2.09 by $0.07. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.86 billion. Group 1 Automotive had a return on equity of 17.97% and a net margin of 0.82%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.98 EPS. On average, analysts anticipate that Group 1 Automotive Inc. will post $7.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Tuesday, August 30th. Group 1 Automotive’s dividend payout ratio (DPR) is currently 22.66%.

A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded Group 1 Automotive from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Tuesday, September 27th. Buckingham Research upgraded Group 1 Automotive from a “neutral” rating to a “buy” rating in a report on Wednesday, July 20th. TheStreet upgraded Group 1 Automotive from a “hold” rating to a “buy” rating in a report on Thursday, September 15th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $61.00 price target (down previously from $64.00) on shares of Group 1 Automotive in a report on Saturday, October 8th. Finally, Seaport Global Securities assumed coverage on Group 1 Automotive in a report on Tuesday, August 9th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $64.00.

In other news, VP Peter C. Delongchamps sold 7,500 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $61.22, for a total value of $459,150.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Earl J. Hesterberg sold 10,000 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $59.97, for a total value of $599,700.00. Following the completion of the transaction, the chief executive officer now directly owns 165,251 shares in the company, valued at approximately $9,910,102.47. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.

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.

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