Teachers Retirement System of The State of Kentucky Reduces Position in Group 1 Automotive, Inc. (NYSE:GPI)

Teachers Retirement System of The State of Kentucky trimmed its position in Group 1 Automotive, Inc. (NYSE:GPI) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,577 shares of the company’s stock after selling 90 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Group 1 Automotive were worth $1,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Group 1 Automotive by 22.0% in the second quarter. The Manufacturers Life Insurance Company now owns 639,142 shares of the company’s stock valued at $190,004,000 after purchasing an additional 115,143 shares during the period. Woodson Capital Management LP increased its holdings in Group 1 Automotive by 114.6% in the 1st quarter. Woodson Capital Management LP now owns 142,500 shares of the company’s stock worth $41,643,000 after buying an additional 76,102 shares during the period. Hennessy Advisors Inc. increased its holdings in Group 1 Automotive by 18.1% in the 2nd quarter. Hennessy Advisors Inc. now owns 108,500 shares of the company’s stock worth $32,255,000 after buying an additional 16,600 shares during the period. Shellback Capital LP raised its position in Group 1 Automotive by 27.1% during the 2nd quarter. Shellback Capital LP now owns 95,302 shares of the company’s stock worth $28,331,000 after buying an additional 20,302 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC lifted its stake in Group 1 Automotive by 66.4% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 84,968 shares of the company’s stock valued at $25,893,000 after acquiring an additional 33,901 shares during the period. Hedge funds and other institutional investors own 99.92% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GPI. StockNews.com lowered shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a research note on Friday. JPMorgan Chase & Co. increased their price target on Group 1 Automotive from $360.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Stephens assumed coverage on Group 1 Automotive in a report on Thursday, September 12th. They issued an “equal weight” rating and a $394.00 price objective for the company. Morgan Stanley upgraded Group 1 Automotive from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $285.00 to $430.00 in a research note on Wednesday, September 25th. Finally, Bank of America reduced their price target on Group 1 Automotive from $445.00 to $435.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $396.80.

Insider Buying and Selling

In other Group 1 Automotive news, VP Michael David Jones sold 1,200 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $350.99, for a total transaction of $421,188.00. Following the transaction, the vice president now directly owns 9,742 shares of the company’s stock, valued at $3,419,344.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.70% of the stock is owned by insiders.

Group 1 Automotive Trading Up 1.3 %

GPI stock opened at $368.71 on Friday. Group 1 Automotive, Inc. has a 52-week low of $228.84 and a 52-week high of $393.93. The company has a quick ratio of 0.26, a current ratio of 1.02 and a debt-to-equity ratio of 0.80. The firm has a market cap of $4.99 billion, a P/E ratio of 8.70, a PEG ratio of 1.94 and a beta of 1.32. The company’s 50-day simple moving average is $361.99 and its 200-day simple moving average is $319.68.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $9.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.36 by $0.44. The company had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.68 billion. Group 1 Automotive had a return on equity of 20.53% and a net margin of 3.03%. Group 1 Automotive’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $11.73 earnings per share. As a group, equities analysts forecast that Group 1 Automotive, Inc. will post 39.18 EPS for the current fiscal year.

Group 1 Automotive Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 2nd were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.51%. The ex-dividend date was Friday, August 30th. Group 1 Automotive’s payout ratio is presently 4.44%.

Group 1 Automotive Company 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.