May Hill Capital LLC Takes $389,000 Position in Group 1 Automotive, Inc. (NYSE:GPI)

May Hill Capital LLC purchased a new position in Group 1 Automotive, Inc. (NYSE:GPI) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 924 shares of the company’s stock, valued at approximately $389,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of Group 1 Automotive during the fourth quarter valued at approximately $30,000. GAMMA Investing LLC raised its stake in Group 1 Automotive by 70.4% during the 4th quarter. GAMMA Investing LLC now owns 121 shares of the company’s stock valued at $51,000 after purchasing an additional 50 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of Group 1 Automotive by 25.6% in the fourth quarter. Avior Wealth Management LLC now owns 152 shares of the company’s stock valued at $64,000 after purchasing an additional 31 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Group 1 Automotive in the fourth quarter worth $66,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Group 1 Automotive by 59.3% during the fourth quarter. Global Retirement Partners LLC now owns 188 shares of the company’s stock valued at $79,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 99.92% of the company’s stock.

Group 1 Automotive Trading Up 1.7 %

NYSE:GPI opened at $382.31 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 1.03. The company has a market capitalization of $5.06 billion, a P/E ratio of 10.40 and a beta of 1.33. The stock’s 50 day moving average price is $441.48 and its 200 day moving average price is $414.17. Group 1 Automotive, Inc. has a 52 week low of $262.31 and a 52 week high of $490.09.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings results on Wednesday, January 29th. The company reported $10.02 earnings per share for the quarter, beating analysts’ consensus estimates of $8.77 by $1.25. Group 1 Automotive had a net margin of 2.47% and a return on equity of 18.09%. On average, research analysts forecast that Group 1 Automotive, Inc. will post 41 EPS for the current fiscal year.

Group 1 Automotive Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.50 per share. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.52%. Group 1 Automotive’s dividend payout ratio is currently 5.44%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GPI shares. Stephens reissued an “equal weight” rating and issued a $460.00 price objective on shares of Group 1 Automotive in a research note on Thursday, January 30th. JPMorgan Chase & Co. decreased their price target on shares of Group 1 Automotive from $495.00 to $435.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Finally, Jefferies Financial Group started coverage on shares of Group 1 Automotive in a research report on Friday, December 13th. They set a “buy” rating and a $500.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Group 1 Automotive has a consensus rating of “Moderate Buy” and a consensus target price of $450.33.

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.