Group 1 Automotive, Inc. $GPI Shares Purchased by Forum Financial Management LP

Forum Financial Management LP increased its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 26.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 775 shares of the company’s stock after acquiring an additional 163 shares during the quarter. Forum Financial Management LP’s holdings in Group 1 Automotive were worth $338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GPI. GAMMA Investing LLC raised its stake in Group 1 Automotive by 95.9% during the first quarter. GAMMA Investing LLC now owns 237 shares of the company’s stock worth $91,000 after acquiring an additional 116 shares during the period. Bessemer Group Inc. raised its stake in Group 1 Automotive by 60.3% during the first quarter. Bessemer Group Inc. now owns 109 shares of the company’s stock worth $41,000 after acquiring an additional 41 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Group 1 Automotive by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,574 shares of the company’s stock worth $983,000 after acquiring an additional 903 shares during the period. Teacher Retirement System of Texas raised its stake in Group 1 Automotive by 46.0% during the first quarter. Teacher Retirement System of Texas now owns 4,790 shares of the company’s stock worth $1,830,000 after acquiring an additional 1,509 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Group 1 Automotive by 2.5% during the first quarter. Principal Financial Group Inc. now owns 69,255 shares of the company’s stock worth $26,452,000 after acquiring an additional 1,679 shares during the period. Institutional investors and hedge funds own 99.92% of the company’s stock.

Insider Buying and Selling

In related news, Director Lincoln Pereira sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $469.34, for a total transaction of $3,285,380.00. Following the transaction, the director owned 82,967 shares in the company, valued at $38,939,731.78. This trade represents a 7.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven Mizell sold 525 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $417.98, for a total transaction of $219,439.50. Following the transaction, the director owned 8 shares in the company, valued at $3,343.84. This represents a 98.50% decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.

Group 1 Automotive Stock Performance

GPI opened at $424.12 on Monday. The business’s 50 day moving average is $451.59 and its 200-day moving average is $436.48. The stock has a market cap of $5.49 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.14 and a beta of 0.85. The company has a current ratio of 1.05, a quick ratio of 0.24 and a debt-to-equity ratio of 0.97. Group 1 Automotive, Inc. has a twelve month low of $344.92 and a twelve month high of $490.09.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, July 24th. The company reported $11.52 EPS for the quarter, beating analysts’ consensus estimates of $10.31 by $1.21. Group 1 Automotive had a net margin of 2.18% and a return on equity of 18.10%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the business earned $9.82 earnings per share. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. On average, analysts predict that Group 1 Automotive, Inc. will post 41 earnings per share for the current year.

Group 1 Automotive Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, September 2nd. Group 1 Automotive’s dividend payout ratio (DPR) is currently 5.51%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Group 1 Automotive in a research note on Saturday. Citigroup reaffirmed a “buy” rating on shares of Group 1 Automotive in a report on Thursday, September 25th. Zacks Research cut Group 1 Automotive from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Bank of America cut their price target on Group 1 Automotive from $560.00 to $545.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Group 1 Automotive currently has an average rating of “Moderate Buy” and a consensus price target of $478.00.

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.