Corient Private Wealth LLC Purchases 110 Shares of Group 1 Automotive, Inc. (NYSE:GPI)

Corient Private Wealth LLC raised its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,063 shares of the company’s stock after acquiring an additional 110 shares during the quarter. Corient Private Wealth LLC’s holdings in Group 1 Automotive were worth $448,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GPI. Charles Schwab Investment Management Inc. lifted its holdings in shares of Group 1 Automotive by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 152,923 shares of the company’s stock worth $58,576,000 after buying an additional 1,735 shares in the last quarter. Cerity Partners LLC lifted its stake in Group 1 Automotive by 59.5% in the 3rd quarter. Cerity Partners LLC now owns 7,909 shares of the company’s stock worth $3,029,000 after purchasing an additional 2,949 shares in the last quarter. FMR LLC boosted its holdings in shares of Group 1 Automotive by 133.0% during the 3rd quarter. FMR LLC now owns 407,930 shares of the company’s stock valued at $156,253,000 after purchasing an additional 232,846 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of Group 1 Automotive by 33.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,059 shares of the company’s stock valued at $406,000 after purchasing an additional 264 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Group 1 Automotive by 4.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,328 shares of the company’s stock worth $1,275,000 after purchasing an additional 137 shares during the last quarter. 99.92% of the stock is currently owned by hedge funds and other institutional investors.

Group 1 Automotive Price Performance

Shares of Group 1 Automotive stock opened at $376.32 on Friday. The stock has a 50 day moving average price of $442.80 and a 200-day moving average price of $413.40. Group 1 Automotive, Inc. has a one year low of $262.31 and a one year high of $490.09. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 10.24 and a beta of 1.33. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 1.03.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $10.02 EPS for the quarter, topping the consensus estimate of $8.77 by $1.25. Group 1 Automotive had a net margin of 2.47% and a return on equity of 18.09%. Equities analysts expect that Group 1 Automotive, Inc. will post 41 EPS for the current year.

Group 1 Automotive Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.50 per share. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, March 3rd. Group 1 Automotive’s dividend payout ratio (DPR) is currently 5.44%.

Analysts Set New Price Targets

A number of equities analysts recently commented on GPI shares. JPMorgan Chase & Co. dropped their price target on Group 1 Automotive from $495.00 to $435.00 and set an “overweight” rating for the company in a research note on Thursday. Jefferies Financial Group started coverage on Group 1 Automotive in a report on Friday, December 13th. They set a “buy” rating and a $500.00 price objective on the stock. Finally, Stephens reissued an “equal weight” rating and issued a $460.00 target price on shares of Group 1 Automotive in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $450.33.

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.