Axxcess Wealth Management LLC Has $2.02 Million Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

Axxcess Wealth Management LLC grew its holdings in Group 1 Automotive, Inc. (NYSE:GPI) by 708.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,902 shares of the company’s stock after purchasing an additional 6,048 shares during the period. Axxcess Wealth Management LLC’s holdings in Group 1 Automotive were worth $2,017,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Group 1 Automotive in the fourth quarter valued at approximately $46,923,000. Charles Schwab Investment Management Inc. grew its stake in shares of Group 1 Automotive by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 150,754 shares of the company’s stock valued at $45,941,000 after buying an additional 614 shares in the last quarter. Hennessy Advisors Inc. grew its stake in shares of Group 1 Automotive by 14.0% in the first quarter. Hennessy Advisors Inc. now owns 91,900 shares of the company’s stock valued at $26,856,000 after buying an additional 11,300 shares in the last quarter. Intrinsic Edge Capital Management LLC grew its stake in shares of Group 1 Automotive by 66.4% in the fourth quarter. Intrinsic Edge Capital Management LLC now owns 84,968 shares of the company’s stock valued at $25,893,000 after buying an additional 33,901 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Group 1 Automotive by 66.3% in the fourth quarter. Boston Partners now owns 79,598 shares of the company’s stock valued at $23,819,000 after buying an additional 31,739 shares in the last quarter. 99.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Guggenheim raised shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $305.00 target price for the company in a research note on Wednesday, April 17th. JPMorgan Chase & Co. reduced their price objective on shares of Group 1 Automotive from $315.00 to $310.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, Bank of America reduced their price objective on shares of Group 1 Automotive from $445.00 to $435.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $329.17.

Insider Activity

In other news, VP Michael David Jones sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $294.63, for a total value of $412,482.00. Following the completion of the transaction, the vice president now owns 11,535 shares of the company’s stock, valued at $3,398,557.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Group 1 Automotive news, CFO Daniel James Mchenry sold 2,437 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $309.61, for a total transaction of $754,519.57. Following the completion of the sale, the chief financial officer now owns 22,430 shares of the company’s stock, valued at approximately $6,944,552.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael David Jones sold 1,400 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $294.63, for a total transaction of $412,482.00. Following the sale, the vice president now directly owns 11,535 shares of the company’s stock, valued at approximately $3,398,557.05. The disclosure for this sale can be found here. Insiders sold 4,007 shares of company stock valued at $1,221,218 over the last quarter. 1.70% of the stock is owned by company insiders.

Group 1 Automotive Price Performance

NYSE GPI traded down $3.93 during trading on Friday, hitting $333.22. 146,314 shares of the company’s stock were exchanged, compared to its average volume of 122,427. The company has a market cap of $4.47 billion, a PE ratio of 7.87, a P/E/G ratio of 1.75 and a beta of 1.35. The company has a current ratio of 1.02, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average price is $304.10 and its two-hundred day moving average price is $287.38. Group 1 Automotive, Inc. has a fifty-two week low of $228.84 and a fifty-two week high of $341.32.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings data on Wednesday, July 24th. The company reported $9.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.36 by $0.44. Group 1 Automotive had a return on equity of 20.53% and a net margin of 3.03%. The company had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the prior year, the firm posted $11.73 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. Research analysts expect that Group 1 Automotive, Inc. will post 38.28 EPS for the current year.

Group 1 Automotive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Monday, June 3rd. Group 1 Automotive’s dividend payout ratio is currently 4.44%.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.