StockNews.com upgraded shares of Group 1 Automotive (NYSE:GPI – Get Rating) from a buy rating to a strong-buy rating in a research report sent to investors on Friday morning.
A number of other research firms have also recently issued reports on GPI. JPMorgan Chase & Co. cut Group 1 Automotive from an overweight rating to a neutral rating and cut their price target for the stock from $240.00 to $200.00 in a report on Thursday, April 7th. Morgan Stanley cut Group 1 Automotive from an equal weight rating to an underweight rating and cut their price target for the stock from $187.00 to $160.00 in a report on Friday, May 20th.
NYSE:GPI opened at $166.39 on Friday. The company has a market capitalization of $2.76 billion, a PE ratio of 4.57, a P/E/G ratio of 0.30 and a beta of 1.52. The company has a 50 day simple moving average of $175.88 and a two-hundred day simple moving average of $181.03. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.34 and a current ratio of 1.02. Group 1 Automotive has a fifty-two week low of $143.00 and a fifty-two week high of $212.23.
Group 1 Automotive (NYSE:GPI – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $10.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.45 by $1.36. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Group 1 Automotive had a return on equity of 38.47% and a net margin of 4.45%. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the prior year, the business earned $5.57 EPS. Research analysts predict that Group 1 Automotive will post 41.89 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were issued a $0.37 dividend. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Tuesday, May 31st. Group 1 Automotive’s dividend payout ratio (DPR) is currently 4.07%.
In related news, VP Michael David Jones sold 1,000 shares of the stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $181.49, for a total value of $181,490.00. Following the transaction, the vice president now directly owns 12,972 shares in the company, valued at approximately $2,354,288.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Frank Grese sold 910 shares of the firm’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $185.86, for a total value of $169,132.60. Following the transaction, the senior vice president now owns 21,714 shares in the company, valued at $4,035,764.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,204 shares of company stock worth $1,000,232. 3.80% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of GPI. EverSource Wealth Advisors LLC bought a new position in Group 1 Automotive during the 4th quarter valued at $27,000. First Quadrant LLC CA purchased a new stake in shares of Group 1 Automotive during the 1st quarter valued at $33,000. UMB Bank NA MO purchased a new stake in shares of Group 1 Automotive during the 4th quarter valued at $46,000. National Bank of Canada FI purchased a new stake in shares of Group 1 Automotive during the 4th quarter valued at $67,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Group 1 Automotive during the 4th quarter valued at $135,000. Institutional investors and hedge funds own 99.57% of the company’s stock.
Group 1 Automotive Company Profile (Get Rating)
Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arrange related vehicle financing; and offers automotive maintenance and repair services. It operates primarily in 17 states in the United States; and 35 towns in the United Kingdom.
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