Trade Report: The Group 1 Automotive Inc. (NYSE:GPI) Given Average Rating of “Hold” by Analysts

The Group 1 Automotive Inc. (NYSE:GPI) Given Average Rating of “Hold” by Analysts

Group 1 Automotive Inc. (NYSE:GPI) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $78.33.

GPI has been the subject of several research analyst reports. TheStreet raised Group 1 Automotive from a “hold” rating to a “buy” rating in a research report on Thursday, September 15th. Zacks Investment Research upgraded Group 1 Automotive from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Tuesday, September 27th. Buckingham Research upgraded Group 1 Automotive from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 20th. Finally, Seaport Global Securities started coverage on Group 1 Automotive in a research note on Tuesday, August 9th. They issued a “neutral” rating for the company.

Group 1 Automotive (NYSE:GPI) traded down 1.60% during mid-day trading on Friday, reaching $63.83. The company’s stock had a trading volume of 99,800 shares. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 16.04 and a beta of 1.58. Group 1 Automotive has a 52-week low of $47.31 and a 52-week high of $89.64. The firm has a 50 day moving average price of $60.66 and a 200 day moving average price of $58.93.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.92 annualized dividend and a yield of 1.42%. Group 1 Automotive’s payout ratio is 22.66%.

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

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Group 1 Automotive by 1.1% in the second quarter. Vanguard Group Inc. now owns 1,653,156 shares of the company’s stock valued at $81,600,000 after buying an additional 17,459 shares during the period. Adage Capital Partners GP L.L.C. increased its position in shares of Group 1 Automotive by 88.0% in the second quarter. Adage Capital Partners GP L.L.C. now owns 836,125 shares of the company’s stock valued at $41,271,000 after buying an additional 391,305 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Group 1 Automotive by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 688,829 shares of the company’s stock valued at $40,427,000 after buying an additional 4,440 shares during the period. State Street Corp increased its position in shares of Group 1 Automotive by 5.2% in the first quarter. State Street Corp now owns 615,799 shares of the company’s stock valued at $36,135,000 after buying an additional 30,167 shares during the period. Finally, Lakewood Capital Management LP increased its position in shares of Group 1 Automotive by 62.1% in the second quarter. Lakewood Capital Management LP now owns 443,625 shares of the company’s stock valued at $21,897,000 after buying an additional 170,000 shares during the period. 97.19% of the stock is owned by hedge funds and other institutional investors.

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