Livforsakringsbolaget Skandia Omsesidigt Purchases 1,400 Shares of Group 1 Automotive, Inc. (NYSE:GPI)

Livforsakringsbolaget Skandia Omsesidigt raised its position in Group 1 Automotive, Inc. (NYSE:GPI) by 23.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,350 shares of the company’s stock after purchasing an additional 1,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned 0.05% of Group 1 Automotive worth $2,814,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GPI. Hexagon Capital Partners LLC lifted its stake in shares of Group 1 Automotive by 53.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 146 shares of the company’s stock worth $43,000 after acquiring an additional 51 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Group 1 Automotive during the second quarter valued at $48,000. Blue Trust Inc. boosted its stake in shares of Group 1 Automotive by 47.5% during the second quarter. Blue Trust Inc. now owns 270 shares of the company’s stock valued at $79,000 after purchasing an additional 87 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Group 1 Automotive by 17.1% in the second quarter. EverSource Wealth Advisors LLC now owns 267 shares of the company’s stock worth $79,000 after purchasing an additional 39 shares during the last quarter. Finally, Covestor Ltd increased its stake in Group 1 Automotive by 1,452.8% in the 1st quarter. Covestor Ltd now owns 559 shares of the company’s stock worth $164,000 after buying an additional 523 shares during the period. Institutional investors own 99.92% of the company’s stock.

Group 1 Automotive Price Performance

Shares of GPI opened at $355.23 on Friday. The company has a 50 day moving average of $362.56 and a two-hundred day moving average of $321.99. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 1.78 and a beta of 1.32. The company has a quick ratio of 0.26, a current ratio of 1.02 and a debt-to-equity ratio of 0.80. Group 1 Automotive, Inc. has a twelve month low of $228.84 and a twelve month high of $393.93.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $9.80 earnings per share for the quarter, topping analysts’ consensus estimates of $9.36 by $0.44. The business had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.68 billion. Group 1 Automotive had a return on equity of 20.53% and a net margin of 3.03%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $11.73 earnings per share. As a group, analysts predict that Group 1 Automotive, Inc. will post 39.39 earnings per share for the current fiscal year.

Group 1 Automotive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 2nd were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, August 30th. Group 1 Automotive’s dividend payout ratio is presently 4.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Morgan Stanley upgraded shares of Group 1 Automotive from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $285.00 to $430.00 in a research note on Wednesday, September 25th. JPMorgan Chase & Co. raised their price objective on Group 1 Automotive from $360.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Stephens began coverage on Group 1 Automotive in a report on Thursday, September 12th. They issued an “equal weight” rating and a $394.00 target price for the company. Bank of America cut their price target on Group 1 Automotive from $445.00 to $435.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, StockNews.com lowered shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Insider Transactions at Group 1 Automotive

In related news, VP Michael David Jones sold 1,200 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $350.99, for a total value of $421,188.00. Following the transaction, the vice president now owns 9,742 shares in the company, valued at approximately $3,419,344.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.70% of the company’s stock.

Group 1 Automotive Profile

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.