Group 1 Automotive, Inc. (NYSE: GPI) Director Sells $ 752,800.00 in Shares
Group 1 Automotive, Inc. (NYSE: GPI) director Max P. Watson sold 5,000 shares of the company in a transaction dated Tuesday, June 22. The shares were sold for an average price of $ 150.56, for a total value of $ 752,800.00. As a result of the sale, the director now directly owns 48,516 shares of the company, valued at $ 7,304,568.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible through the SEC website.
GPI shares traded up $ 2.16 during trading hours on Wednesday, reaching $ 154.24. The stock had a trading volume of 172,509 shares, compared to its average volume of 171,669. Group 1 Automotive, Inc. has a one-year low of $ 55.79 and a one-year high of 175 , $ 04. The company has a quick ratio of 0.34, a current ratio of 1.12, and a debt ratio of 0.81. The company has a 50-day simple moving average of $ 161.50. The stock has a market cap of $ 2.80 billion, a PE ratio of 7.84, a price-to-earnings growth ratio of 0.48, and a beta of 2.04.
Group 1 Automotive (NYSE: GPI) last reported its results on Wednesday, April 28. The company reported earnings per share (EPS) of $ 5.57 for the quarter, beating the Thomson Reuters consensus estimate of $ 4.43 by $ 1.14. Group 1 Automotive posted a return on equity of 28.78% and a net margin of 3.20%. The company posted revenue of $ 3.01 billion for the quarter, compared to $ 2.75 billion expected by analysts. During the same period of the previous year, the company posted earnings per share of $ 1.66. The company’s turnover is up 11.9% compared to the same quarter last year. As a group, analysts predict that Group 1 Automotive, Inc. will post 21.21 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 15. Investors registered on Tuesday, June 1 received a dividend of $ 0.33. The ex-dividend date was Friday May 28. This represents an annualized dividend of $ 1.32 and a return of 0.86%. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $ 0.31. Group 1 Automotive’s dividend payout ratio (DPR) is currently 7.31%.
A number of institutional investors and hedge funds have recently increased or reduced their holdings in GPI. Cambridge Investment Research Advisors Inc. acquired a new position in Group 1 Automotive in the fourth quarter valued at approximately $ 211,000. The Swiss National Bank increased its position in Group 1 Automotive by 0.5% in the fourth quarter. The Swiss National Bank now owns 39,200 shares of the company valued at $ 5,141,000 after acquiring an additional 200 shares in the last quarter. Aperio Group LLC increased its position in Group 1 Automotive by 1.8% in the fourth quarter. Aperio Group LLC now owns 9,399 shares of the company valued at $ 1,233,000 after acquiring 166 additional shares in the last quarter. BlackRock Inc. increased its position in Group 1 Automotive by 7.0% in the fourth quarter. BlackRock Inc. now owns 2,729,286 shares of the company valued at $ 357,918,000 after acquiring an additional 179,164 shares in the last quarter. Finally, CIBC World Markets Inc. purchased a new position in shares of Group 1 Automotive during the fourth quarter valued at approximately $ 259,000.
A number of research companies have commented on GPI. Goldman Sachs upgraded Group 1 Automotive from a âsellâ rating to a âneutralâ rating in a report released on Tuesday, May 4. Benchmark raised its price target on the Group 1 automobile from $ 190.00 to $ 214.00 and gave the company a “buy” rating in a report released on Monday, May 3. Stephens raised its price target on the Group 1 automobile from $ 163.00 to $ 180.00 and gave the company an “overweight” rating in a report released on Wednesday, March 17. Finally, Morgan Stanley raised its price target for the Group 1 automobile from $ 185.00 to $ 202.00 and assigned the company an “overweight” rating in a report released on Friday, May 7. One investment analyst rated the stock with a conservation rating and six gave the stock a buy rating. The company has an average rating of “Buy” and an average target price of $ 173.83.
Group 1 Automotive Company Profile
Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks and vehicle parts, as well as service and insurance contracts; organizes the financing of related vehicles; and provides auto maintenance and repair services. It operates primarily in the metropolitan areas of 15 states in the United States; 33 cities in the UK; and 3 states in Brazil.
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