LSV Asset Management Has $86.45 Million Stock Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

LSV Asset Management reduced its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 283,676 shares of the company’s stock after selling 11,360 shares during the period. LSV Asset Management owned about 2.05% of Group 1 Automotive worth $86,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GPI. The Manufacturers Life Insurance Company boosted its holdings in Group 1 Automotive by 12.5% during the third quarter. The Manufacturers Life Insurance Company now owns 574,561 shares of the company’s stock valued at $154,390,000 after purchasing an additional 63,726 shares in the last quarter. Invesco Ltd. lifted its position in shares of Group 1 Automotive by 6.3% during the 3rd quarter. Invesco Ltd. now owns 171,335 shares of the company’s stock worth $46,039,000 after buying an additional 10,099 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Group 1 Automotive by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 150,140 shares of the company’s stock valued at $40,344,000 after buying an additional 4,129 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Group 1 Automotive by 28.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 95,572 shares of the company’s stock valued at $25,681,000 after purchasing an additional 21,001 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new position in Group 1 Automotive in the 4th quarter valued at $24,562,000. Institutional investors own 99.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Stephens restated an “overweight” rating and issued a $330.00 target price on shares of Group 1 Automotive in a research note on Tuesday, February 13th. Morgan Stanley upgraded shares of Group 1 Automotive from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $200.00 to $255.00 in a research report on Thursday, February 29th. JPMorgan Chase & Co. reduced their price target on Group 1 Automotive from $315.00 to $310.00 and set an “overweight” rating on the stock in a research report on Thursday. StockNews.com cut Group 1 Automotive from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Finally, Guggenheim raised shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $305.00 target price for the company in a research note on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Group 1 Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $330.83.

Insider Buying and Selling

In related news, VP Michael David Jones sold 1,400 shares of Group 1 Automotive stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $294.63, for a total value of $412,482.00. Following the sale, the vice president now owns 11,535 shares of the company’s stock, valued at approximately $3,398,557.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.70% of the company’s stock.

Group 1 Automotive Stock Up 0.9 %

Shares of NYSE GPI traded up $2.51 during mid-day trading on Friday, reaching $295.04. 101,285 shares of the company’s stock were exchanged, compared to its average volume of 162,679. The company has a current ratio of 1.04, a quick ratio of 0.33 and a debt-to-equity ratio of 0.87. The business has a fifty day simple moving average of $276.48 and a 200 day simple moving average of $276.47. Group 1 Automotive, Inc. has a twelve month low of $214.25 and a twelve month high of $310.08. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 1.48 and a beta of 1.38.

Group 1 Automotive (NYSE:GPI) last announced its earnings results on Wednesday, January 31st. The company reported $9.50 EPS for the quarter, missing the consensus estimate of $10.44 by ($0.94). Group 1 Automotive had a return on equity of 22.45% and a net margin of 3.23%. The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same quarter last year, the business posted $10.86 earnings per share. The business’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities analysts expect that Group 1 Automotive, Inc. will post 39.6 EPS for the current fiscal year.

Group 1 Automotive Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.47 dividend. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a yield of 0.64%. The ex-dividend date was Thursday, February 29th. Group 1 Automotive’s payout ratio is currently 4.44%.

Group 1 Automotive 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.