Texas Permanent School Fund Has $941,000 Holdings in Group 1 Automotive, Inc. (GPI)

Texas Permanent School Fund cut its stake in Group 1 Automotive, Inc. (NYSE:GPI) by 7.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,254 shares of the company’s stock after selling 1,058 shares during the period. Texas Permanent School Fund’s holdings in Group 1 Automotive were worth $941,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Quantitative Systematic Strategies LLC acquired a new position in Group 1 Automotive in the third quarter valued at approximately $215,000. Eqis Capital Management Inc. acquired a new position in Group 1 Automotive in the third quarter valued at approximately $232,000. Parametrica Management Ltd acquired a new position in Group 1 Automotive in the third quarter valued at approximately $262,000. FCA Corp TX acquired a new position in Group 1 Automotive in the third quarter valued at approximately $290,000. Finally, Piedmont Investment Advisors LLC acquired a new position in Group 1 Automotive in the second quarter valued at approximately $273,000. 97.57% of the stock is owned by institutional investors.

Shares of Group 1 Automotive, Inc. (GPI) opened at $76.54 on Thursday. The company has a market capitalization of $1,600.00, a P/E ratio of 7.81, a PEG ratio of 1.30 and a beta of 1.70. Group 1 Automotive, Inc. has a 12-month low of $51.62 and a 12-month high of $84.47. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.06 and a quick ratio of 0.26.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, February 8th. The company reported $2.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.24. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Group 1 Automotive had a return on equity of 15.85% and a net margin of 1.89%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.74 earnings per share. sell-side analysts anticipate that Group 1 Automotive, Inc. will post 8.53 EPS for the current fiscal year.

In other news, CEO Earl J. Hesterberg sold 28,519 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $80.06, for a total value of $2,283,231.14. Following the completion of the sale, the chief executive officer now directly owns 108,440 shares in the company, valued at $8,681,706.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Earl J. Hesterberg sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $79.39, for a total value of $3,175,600.00. Following the completion of the sale, the chief executive officer now owns 108,440 shares of the company’s stock, valued at $8,609,051.60. The disclosure for this sale can be found here. Insiders sold 167,398 shares of company stock valued at $12,974,458 over the last 90 days. Company insiders own 6.08% of the company’s stock.

A number of research analysts have issued reports on the company. Zacks Investment Research raised Group 1 Automotive from a “hold” rating to a “strong-buy” rating and set a $92.00 price target for the company in a report on Wednesday, January 31st. Wells Fargo & Co boosted their price target on Group 1 Automotive from $65.00 to $85.00 and gave the company a “market perform” rating in a report on Monday, October 30th. Bank of America boosted their price target on Group 1 Automotive from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Buckingham Research raised Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 price target for the company in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $86.00.

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Group 1 Automotive Profile

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

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