Profund Advisors LLC lifted its position in Group 1 Automotive, Inc. (NYSE:GPI) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,342 shares of the company’s stock after buying an additional 137 shares during the quarter. Profund Advisors LLC’s holdings in Group 1 Automotive were worth $361,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Eminence Capital LP boosted its position in Group 1 Automotive by 0.4% during the first quarter. Eminence Capital LP now owns 1,075,934 shares of the company’s stock worth $169,772,000 after purchasing an additional 4,181 shares during the period. Factorial Partners LLC boosted its position in Group 1 Automotive by 10,022.4% during the first quarter. Factorial Partners LLC now owns 1,072,972 shares of the company’s stock worth $6,800,000 after purchasing an additional 1,062,372 shares during the period. Goldman Sachs Group Inc. boosted its position in Group 1 Automotive by 201.1% during the first quarter. Goldman Sachs Group Inc. now owns 345,182 shares of the company’s stock worth $54,466,000 after purchasing an additional 230,535 shares during the period. Geode Capital Management LLC boosted its position in Group 1 Automotive by 7.7% during the first quarter. Geode Capital Management LLC now owns 306,783 shares of the company’s stock worth $48,407,000 after purchasing an additional 21,939 shares during the period. Finally, Lakewood Capital Management LP bought a new stake in Group 1 Automotive during the first quarter worth approximately $36,361,000. 96.92% of the stock is owned by institutional investors and hedge funds.
Shares of GPI stock opened at $184.46 on Thursday. Group 1 Automotive, Inc. has a 12 month low of $102.68 and a 12 month high of $206.41. The firm has a market cap of $3.33 billion, a PE ratio of 6.56, a price-to-earnings-growth ratio of 0.59 and a beta of 1.96. The stock has a 50 day moving average of $174.90 and a 200-day moving average of $166.25. The company has a quick ratio of 0.52, a current ratio of 1.33 and a debt-to-equity ratio of 0.75.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, August 31st. Group 1 Automotive’s dividend payout ratio is presently 7.53%.
A number of brokerages have issued reports on GPI. Zacks Investment Research cut Group 1 Automotive from a “strong-buy” rating to a “hold” rating and set a $201.00 target price for the company. in a research report on Monday. Bank of America upped their target price on Group 1 Automotive from $305.00 to $351.00 and gave the stock a “buy” rating in a research report on Friday, July 16th. Finally, Morgan Stanley upped their target price on Group 1 Automotive from $203.00 to $206.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Group 1 Automotive presently has a consensus rating of “Buy” and an average price target of $219.50.
Group 1 Automotive Company Profile
Group 1 Automotive, Inc engages in the automotive retailing industry. The firm operates through the following geographical segments: U.S, the UK, and Brazil. It also sells new and used cars and light trucks, arranges related vehicle financing, sells service contracts, provides automotive maintenance and repair services, and sells vehicle parts.
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