Profund Advisors LLC Makes New Investment in Group 1 Automotive, Inc. (NYSE:GPI)

Profund Advisors LLC acquired a new position in shares of Group 1 Automotive, Inc. (NYSE:GPIGet Rating) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,139 shares of the company’s stock, valued at approximately $205,000.

Several other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Group 1 Automotive by 81.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the company’s stock worth $35,000 after purchasing an additional 109 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Group 1 Automotive by 54.6% during the 3rd quarter. Federated Hermes Inc. now owns 252 shares of the company’s stock worth $36,000 after purchasing an additional 89 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Group 1 Automotive by 181.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 262 shares of the company’s stock worth $37,000 after purchasing an additional 169 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Group 1 Automotive during the 3rd quarter worth approximately $48,000. Finally, Ronald Blue Trust Inc. boosted its holdings in shares of Group 1 Automotive by 316.2% during the 3rd quarter. Ronald Blue Trust Inc. now owns 283 shares of the company’s stock worth $49,000 after purchasing an additional 215 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Group 1 Automotive news, VP Michael David Jones sold 1,500 shares of the company’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $229.67, for a total transaction of $344,505.00. Following the transaction, the vice president now directly owns 13,355 shares in the company, valued at $3,067,242.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Michael David Jones sold 1,500 shares of the company’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $229.67, for a total transaction of $344,505.00. Following the sale, the vice president now owns 13,355 shares of the company’s stock, valued at $3,067,242.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Darryl M. Burman sold 2,500 shares of the company’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $236.68, for a total value of $591,700.00. Following the sale, the vice president now directly owns 17,259 shares in the company, valued at approximately $4,084,860.12. The disclosure for this sale can be found here. Insiders have sold 33,600 shares of company stock worth $7,091,904 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.

Group 1 Automotive Trading Up 0.4 %

GPI opened at $221.09 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.33 and a current ratio of 1.03. The business’s 50 day moving average price is $220.88 and its 200 day moving average price is $199.22. Group 1 Automotive, Inc. has a one year low of $136.16 and a one year high of $242.68. The stock has a market capitalization of $3.12 billion, a PE ratio of 4.70, a P/E/G ratio of 1.93 and a beta of 1.47.

Group 1 Automotive (NYSE:GPIGet Rating) last released its quarterly earnings results on Wednesday, January 25th. The company reported $10.86 EPS for the quarter, topping analysts’ consensus estimates of $10.51 by $0.35. Group 1 Automotive had a return on equity of 34.22% and a net margin of 4.57%. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.87 billion. As a group, equities research analysts expect that Group 1 Automotive, Inc. will post 38.36 EPS for the current year.

Group 1 Automotive Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.81%. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.39. The ex-dividend date was Tuesday, February 28th. Group 1 Automotive’s dividend payout ratio is 3.83%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GPI. Morgan Stanley lowered their target price on Group 1 Automotive from $142.00 to $134.00 and set an “underweight” rating on the stock in a report on Tuesday, January 17th. Stephens upped their price objective on Group 1 Automotive from $275.00 to $290.00 in a report on Thursday, January 26th. JPMorgan Chase & Co. upped their price objective on Group 1 Automotive from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Tuesday, February 21st. Finally, StockNews.com upgraded Group 1 Automotive from a “hold” rating to a “buy” rating in a report on Thursday, March 23rd.

About Group 1 Automotive

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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.

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Institutional Ownership by Quarter for Group 1 Automotive (NYSE:GPI)

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