Darryl M. Burman Sells 2,500 Shares of Group 1 Automotive, Inc. (NYSE:GPI) Stock

Group 1 Automotive, Inc. (NYSE:GPI – Get Rating) VP Darryl M. Burman sold 2,500 shares of the stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $236.68, for a total transaction of $591,700.00. Following the completion of the transaction, the vice president now directly owns 17,259 shares of the company’s stock, valued at approximately $4,084,860.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Group 1 Automotive Trading Down 2.0 %

Shares of Group 1 Automotive stock opened at $221.04 on Friday. The firm has a 50-day simple moving average of $201.80 and a two-hundred day simple moving average of $183.95. The company has a market cap of $3.14 billion, a P/E ratio of 4.70, a price-to-earnings-growth ratio of 2.02 and a beta of 1.52. Group 1 Automotive, Inc. has a fifty-two week low of $136.16 and a fifty-two week high of $242.68. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.33 and a current ratio of 1.03.

Group 1 Automotive Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, February 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.39. Group 1 Automotive’s payout ratio is currently 3.32%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GPI shares. StockNews.com raised shares of Group 1 Automotive from a “hold” rating to a “buy” rating in a report on Friday, February 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Group 1 Automotive from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Tuesday. Stephens lifted their price objective on shares of Group 1 Automotive from $275.00 to $290.00 in a research note on Thursday, January 26th. Finally, Morgan Stanley lowered their price objective on shares of Group 1 Automotive from $142.00 to $134.00 and set an “underweight” rating for the company in a research note on Tuesday, January 17th.

Institutional Trading of Group 1 Automotive

A number of institutional investors and hedge funds have recently modified their holdings of GPI. New Hampshire Trust purchased a new stake in Group 1 Automotive during the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC grew its stake in Group 1 Automotive by 81.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the company’s stock valued at $35,000 after acquiring an additional 109 shares in the last quarter. Federated Hermes Inc. grew its stake in Group 1 Automotive by 54.6% during the 3rd quarter. Federated Hermes Inc. now owns 252 shares of the company’s stock valued at $36,000 after acquiring an additional 89 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Group 1 Automotive by 181.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 262 shares of the company’s stock valued at $37,000 after acquiring an additional 169 shares in the last quarter. Finally, Amundi acquired a new position in Group 1 Automotive in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Group 1 Automotive Company Profile

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Group 1 Automotive, Inc engages in the automotive retailing industry. The firm operates through the following geographical segments: U.S, the UK, and Brazil. It also sells new and used cars and light trucks, arranges related vehicle financing, sells service contracts, provides automotive maintenance and repair services, and sells vehicle parts.