Perpetual Ltd Purchases 98 Shares of Group 1 Automotive, Inc. (NYSE:GPI)

Perpetual Ltd grew its position in Group 1 Automotive, Inc. (NYSE:GPI) by 9.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,122 shares of the company’s stock after acquiring an additional 98 shares during the period. Perpetual Ltd’s holdings in Group 1 Automotive were worth $328,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GPI. Parkside Financial Bank & Trust raised its position in Group 1 Automotive by 44.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 176 shares of the company’s stock worth $54,000 after purchasing an additional 54 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Group 1 Automotive by 37.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the company’s stock worth $65,000 after acquiring an additional 58 shares during the period. Sawgrass Asset Management LLC grew its holdings in Group 1 Automotive by 4.9% during the 3rd quarter. Sawgrass Asset Management LLC now owns 1,479 shares of the company’s stock worth $397,000 after acquiring an additional 69 shares during the period. Lazard Asset Management LLC grew its holdings in Group 1 Automotive by 6.4% during the 3rd quarter. Lazard Asset Management LLC now owns 1,231 shares of the company’s stock worth $330,000 after acquiring an additional 74 shares during the period. Finally, Procyon Advisors LLC grew its holdings in Group 1 Automotive by 8.6% during the 4th quarter. Procyon Advisors LLC now owns 1,009 shares of the company’s stock worth $308,000 after acquiring an additional 80 shares during the period. Institutional investors own 99.92% of the company’s stock.

Group 1 Automotive Price Performance

NYSE GPI opened at $297.90 on Friday. Group 1 Automotive, Inc. has a 12-month low of $228.84 and a 12-month high of $323.95. The firm’s 50 day moving average is $300.47 and its 200-day moving average is $286.00. The company has a market capitalization of $4.03 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 1.53 and a beta of 1.37. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.87.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $9.49 EPS for the quarter, missing the consensus estimate of $9.52 by ($0.03). The business had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.30 billion. Group 1 Automotive had a return on equity of 22.45% and a net margin of 3.23%. Equities research analysts anticipate that Group 1 Automotive, Inc. will post 38.86 earnings per share for the current fiscal year.

Group 1 Automotive Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Monday, June 3rd. Group 1 Automotive’s dividend payout ratio (DPR) is 4.44%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Guggenheim raised shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $305.00 target price for the company in a report on Wednesday, April 17th. Morgan Stanley raised shares of Group 1 Automotive from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $200.00 to $255.00 in a report on Thursday, February 29th. Finally, JPMorgan Chase & Co. dropped their price objective on Group 1 Automotive from $315.00 to $310.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $330.83.

Insiders Place Their Bets

In other Group 1 Automotive news, VP Edward Mckissic sold 170 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $318.92, for a total transaction of $54,216.40. Following the transaction, the vice president now owns 6,082 shares of the company’s stock, valued at approximately $1,939,671.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Group 1 Automotive news, VP Edward Mckissic sold 170 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $318.92, for a total transaction of $54,216.40. Following the transaction, the vice president now owns 6,082 shares of the company’s stock, valued at approximately $1,939,671.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael David Jones sold 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $294.63, for a total value of $412,482.00. Following the transaction, the vice president now directly owns 11,535 shares in the company, valued at $3,398,557.05. The disclosure for this sale can be found here. Insiders have sold 4,007 shares of company stock valued at $1,221,218 in the last 90 days. 1.70% of the stock is currently owned by insiders.

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.