Goldman Sachs Group Inc. lowered shares of Group 1 Automotive Inc. (NYSE:GPI) from a neutral rating to a sell rating in a research report released on Tuesday morning. The firm currently has $59.00 target price on the stock.
Several other research firms have also weighed in on GPI. Seaport Global Securities started coverage on Group 1 Automotive in a research report on Tuesday, August 9th. They set a neutral rating on the stock. TheStreet upgraded Group 1 Automotive from a hold rating to a buy rating in a research report on Thursday, September 15th. Finally, Zacks Investment Research lowered Group 1 Automotive from a hold rating to a sell rating in a research report on Thursday, October 13th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $63.33.
Group 1 Automotive (NYSE:GPI) opened at 72.86 on Tuesday. The company has a market cap of $1.49 billion, a P/E ratio of 19.91 and a beta of 1.38. The firm has a 50-day moving average price of $63.10 and a 200-day moving average price of $59.91. Group 1 Automotive has a 52 week low of $47.31 and a 52 week high of $82.84.
Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings data on Thursday, October 20th. The company reported $1.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.09 by $0.13. The business earned $2.80 billion during the quarter, compared to the consensus estimate of $2.89 billion. Group 1 Automotive had a return on equity of 17.77% and a net margin of 0.72%. Group 1 Automotive’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.91 earnings per share. Equities research analysts anticipate that Group 1 Automotive will post $7.35 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Tuesday, November 29th. Group 1 Automotive’s payout ratio is 24.02%.
In other Group 1 Automotive news, CFO John C. Rickel sold 5,000 shares of Group 1 Automotive stock in a transaction on Friday, November 11th. The stock was sold at an average price of $64.31, for a total transaction of $321,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darryl M. Burman sold 3,900 shares of Group 1 Automotive stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $67.90, for a total value of $264,810.00. Following the transaction, the vice president now owns 68,233 shares of the company’s stock, valued at approximately $4,633,020.70. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted 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 worth $81,600,000 after buying an additional 17,459 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in Group 1 Automotive during the third quarter valued at $97,705,000. BlackRock Fund Advisors boosted its position in Group 1 Automotive by 4.4% in the third quarter. BlackRock Fund Advisors now owns 1,444,951 shares of the company’s stock valued at $92,303,000 after buying an additional 60,385 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in 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 in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Group 1 Automotive by 73.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 753,750 shares of the company’s stock valued at $48,150,000 after buying an additional 319,875 shares in the last quarter. Institutional investors and hedge funds own 99.87% of the company’s stock.
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