Clearbridge Investments LLC decreased its place in Group 1 Automotive, Inc. (NYSE:GPI – Free Report) by 16.6% within the second quarter, in line with the corporate in its most up-to-date Kind 13F submitting with the Securities and Alternate Fee (SEC). The agency owned 73,275 shares of the corporate’s inventory after promoting 14,621 shares through the quarter. Clearbridge Investments LLC owned roughly 0.52% of Group 1 Automotive price $18,912,000 as of its most up-to-date submitting with the Securities and Alternate Fee (SEC).
A lot of different hedge funds and different institutional traders have additionally lately modified their holdings of the inventory. BlackRock Inc. boosted its place in shares of Group 1 Automotive by 2.1% through the first quarter. BlackRock Inc. now owns 2,628,581 shares of the corporate’s inventory price $595,163,000 after buying an extra 54,412 shares over the last quarter. Goldman Sachs Group Inc. boosted its place in shares of Group 1 Automotive by 68.0% through the first quarter. Goldman Sachs Group Inc. now owns 621,455 shares of the corporate’s inventory price $104,299,000 after buying an extra 251,565 shares over the last quarter. State Avenue Corp boosted its place in shares of Group 1 Automotive by 1.2% through the first quarter. State Avenue Corp now owns 596,620 shares of the corporate’s inventory price $135,087,000 after buying an extra 7,293 shares over the last quarter. Envestnet Asset Administration Inc. boosted its place in shares of Group 1 Automotive by 3,302.8% through the first quarter. Envestnet Asset Administration Inc. now owns 493,061 shares of the corporate’s inventory price $2,752,000 after buying an extra 478,571 shares over the last quarter. Lastly, Financial institution of America Corp DE raised its stake in Group 1 Automotive by 37.2% through the first quarter. Financial institution of America Corp DE now owns 333,359 shares of the corporate’s inventory valued at $75,479,000 after buying an extra 90,426 shares within the final quarter. Institutional traders personal 99.92% of the corporate’s inventory.
Analysts Set New Worth Targets
A lot of analysis corporations lately issued experiences on GPI. Benchmark upped their value goal on shares of Group 1 Automotive from $300.00 to $340.00 in a analysis be aware on Monday, July thirty first. Morgan Stanley upped their value goal on shares of Group 1 Automotive from $134.00 to $200.00 and gave the corporate an “underweight” ranking in a analysis be aware on Wednesday, August ninth. StockNews.com raised shares of Group 1 Automotive from a “maintain” ranking to a “purchase” ranking in a analysis be aware on Tuesday, October third. Lastly, JPMorgan Chase & Co. elevated their goal value on shares of Group 1 Automotive from $305.00 to $330.00 and gave the corporate an “chubby” ranking in a analysis be aware on Tuesday, October thirty first.
Get Our Newest Inventory Evaluation on GPI
Group 1 Automotive Buying and selling Down 1.4 %
NYSE GPI opened at $279.67 on Tuesday. The corporate’s 50-day transferring common value is $262.38 and its 200-day transferring common value is $255.27. The corporate has a present ratio of 1.09, a fast ratio of 0.30 and a debt-to-equity ratio of 0.78. The inventory has a market cap of $3.87 billion, a PE ratio of 6.14 and a beta of 1.42. Group 1 Automotive, Inc. has a 12 month low of $159.87 and a 12 month excessive of $293.77.
Group 1 Automotive (NYSE:GPI – Get Free Report) final issued its earnings outcomes on Wednesday, October twenty fifth. The corporate reported $12.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.48 by $0.59. Group 1 Automotive had a internet margin of three.67% and a return on fairness of 26.41%. The corporate had income of $4.71 billion for the quarter, in comparison with analysts’ expectations of $4.52 billion. Throughout the identical interval within the prior yr, the enterprise earned $12.00 EPS. The agency’s quarterly income was up 13.0% on a year-over-year foundation. Equities analysis analysts forecast that Group 1 Automotive, Inc. will put up 45.19 earnings per share for the present yr.
Group 1 Automotive Pronounces Dividend
The corporate additionally lately declared a quarterly dividend, which will probably be paid on Friday, December fifteenth. Stockholders of report on Friday, December 1st will probably be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized foundation and a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, November thirtieth. Group 1 Automotive’s dividend payout ratio is at the moment 3.95%.
Insider Exercise
In different information, CFO Daniel James Mchenry offered 2,259 shares of the agency’s inventory in a transaction dated Monday, September 18th. The shares had been offered at a mean value of $264.96, for a complete worth of $598,544.64. Following the sale, the chief monetary officer now straight owns 19,355 shares within the firm, valued at roughly $5,128,300.80. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which may be accessed by this hyperlink. Firm insiders personal 3.50% of the corporate’s inventory.
About Group 1 Automotive
(Free Report)
Group 1 Automotive, Inc, by its subsidiaries, operates within the automotive retail business in america and the UK. The corporate sells new and used vehicles, gentle vans, and car components, in addition to service and insurance coverage contracts; arranges associated car financing; and affords automotive upkeep and restore companies.
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