Metropolitan Life Insurance Co. NY lowered its stake in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 11.8% during the fourth quarter, Holdings Channel reports. The firm owned 13,841 shares of the company’s stock after selling 1,853 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Group 1 Automotive were worth $1,079,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Elkfork Partners LLC bought a new position in Group 1 Automotive during the fourth quarter valued at about $111,000. Russell Investments Group Ltd. bought a new position in Group 1 Automotive during the fourth quarter valued at about $145,000. Suntrust Banks Inc. bought a new position in Group 1 Automotive during the third quarter valued at about $217,000. Eqis Capital Management Inc. bought a new position in Group 1 Automotive during the third quarter valued at about $220,000. Finally, SG Americas Securities LLC increased its position in Group 1 Automotive by 33.0% in the third quarter. SG Americas Securities LLC now owns 3,603 shares of the company’s stock valued at $230,000 after buying an additional 893 shares during the period. Hedge funds and other institutional investors own 98.55% of the company’s stock.
Group 1 Automotive, Inc. (NYSE:GPI) opened at 71.95 on Monday. The firm has a market cap of $1.48 billion, a P/E ratio of 10.79 and a beta of 1.51. The company has a 50-day moving average of $77.71 and a 200 day moving average of $71.73. Group 1 Automotive, Inc. has a one year low of $47.31 and a one year high of $83.18.
Group 1 Automotive (NYSE:GPI) last released its earnings results on Thursday, February 2nd. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.08. The company earned $2.70 billion during the quarter, compared to the consensus estimate of $2.68 billion. Group 1 Automotive had a return on equity of 17.88% and a net margin of 1.31%. Group 1 Automotive’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 EPS. Equities research analysts expect that Group 1 Automotive, Inc. will post $7.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Monday, February 27th. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.23. Group 1 Automotive’s dividend payout ratio (DPR) is presently 13.77%.
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GPI has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Group 1 Automotive from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Monday, January 23rd. Susquehanna Bancshares Inc initiated coverage on shares of Group 1 Automotive in a report on Wednesday, February 1st. They set a “neutral” rating and a $72.00 price objective on the stock. Finally, CL King downgraded shares of Group 1 Automotive from a “buy” rating to a “neutral” rating in a report on Tuesday, January 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $70.75.
About Group 1 Automotive
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.
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