OLD Mutual Customised Solutions Proprietary Ltd. continued to hold its position in shares of Group 1 Automotive, Inc. (NYSE:GPI) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,600 shares of the company’s stock at the end of the first quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Group 1 Automotive were worth $119,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Ironwood Investment Management LLC boosted its position in shares of Group 1 Automotive by 0.5% in the first quarter. Ironwood Investment Management LLC now owns 21,920 shares of the company’s stock worth $1,624,000 after buying an additional 110 shares in the last quarter. Credit Suisse AG boosted its position in Group 1 Automotive by 19.4% in the first quarter. Credit Suisse AG now owns 40,702 shares of the company’s stock valued at $3,015,000 after buying an additional 6,606 shares during the period. Cambria Investment Management L.P. purchased a new position in Group 1 Automotive during the first quarter valued at $1,192,000. Paloma Partners Management Co purchased a new position in Group 1 Automotive during the first quarter valued at $200,000. Finally, State Street Corp boosted its position in Group 1 Automotive by 7.8% in the first quarter. State Street Corp now owns 597,728 shares of the company’s stock valued at $44,272,000 after buying an additional 43,264 shares during the period. Hedge funds and other institutional investors own 97.19% of the company’s stock.
Group 1 Automotive, Inc. (NYSE GPI) opened at 63.01 on Monday. The firm has a 50-day moving average of $61.48 and a 200-day moving average of $71.94. Group 1 Automotive, Inc. has a 1-year low of $50.16 and a 1-year high of $83.18. The stock has a market capitalization of $1.30 billion, a PE ratio of 9.27 and a beta of 1.64.
Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Friday, April 28th. The company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.71 by $0.18. Group 1 Automotive had a net margin of 1.32% and a return on equity of 17.16%. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the prior year, the firm earned $1.59 EPS. Group 1 Automotive’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts expect that Group 1 Automotive, Inc. will post $7.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.52%. The ex-dividend date was Tuesday, May 30th. Group 1 Automotive’s dividend payout ratio is currently 14.14%.
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Several research firms recently weighed in on GPI. Zacks Investment Research upgraded shares of Group 1 Automotive from a “strong sell” rating to a “hold” rating in a report on Friday, June 30th. BidaskClub cut shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Finally, ValuEngine cut shares of Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $69.33.
About Group 1 Automotive
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.
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