Group 1 Automotive, Inc. (NYSE:GPI) Position Boosted by Innealta Capital LLC

Innealta Capital LLC boosted its position in Group 1 Automotive, Inc. (NYSE:GPI) by 12.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 633 shares of the company’s stock after buying an additional 69 shares during the period. Innealta Capital LLC’s holdings in Group 1 Automotive were worth $242,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of GPI. Harbor Capital Advisors Inc. acquired a new position in Group 1 Automotive in the third quarter worth $36,000. Hexagon Capital Partners LLC boosted its holdings in shares of Group 1 Automotive by 53.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 146 shares of the company’s stock valued at $43,000 after buying an additional 51 shares during the period. Headlands Technologies LLC bought a new stake in shares of Group 1 Automotive during the 2nd quarter valued at about $48,000. Blue Trust Inc. raised its stake in Group 1 Automotive by 47.5% during the second quarter. Blue Trust Inc. now owns 270 shares of the company’s stock worth $79,000 after acquiring an additional 87 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Group 1 Automotive by 17.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 267 shares of the company’s stock worth $79,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 99.92% of the company’s stock.

Insiders Place Their Bets

In related news, VP Michael David Jones sold 1,200 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $350.99, for a total value of $421,188.00. Following the completion of the sale, the vice president now directly owns 9,742 shares in the company, valued at approximately $3,419,344.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Group 1 Automotive Trading Down 0.5 %

Shares of NYSE GPI opened at $362.34 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.26 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $4.86 billion, a PE ratio of 9.65, a PEG ratio of 1.86 and a beta of 1.33. The business has a 50-day moving average price of $365.24 and a two-hundred day moving average price of $330.90. Group 1 Automotive, Inc. has a one year low of $255.73 and a one year high of $393.93.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $9.90 EPS for the quarter, beating the consensus estimate of $9.87 by $0.03. The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Group 1 Automotive had a net margin of 2.68% and a return on equity of 18.83%. Group 1 Automotive’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $12.07 EPS. As a group, analysts predict that Group 1 Automotive, Inc. will post 38.99 earnings per share for the current fiscal year.

Group 1 Automotive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 2nd were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 0.52%. The ex-dividend date was Friday, August 30th. Group 1 Automotive’s payout ratio is presently 5.01%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday. Morgan Stanley upgraded shares of Group 1 Automotive from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $285.00 to $430.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. increased their price objective on shares of Group 1 Automotive from $360.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Bank of America decreased their price target on Group 1 Automotive from $445.00 to $435.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, Stephens initiated coverage on Group 1 Automotive in a report on Thursday, September 12th. They issued an “equal weight” rating and a $394.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $396.80.

About Group 1 Automotive

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.