Envestnet Asset Management Inc. Has $735,000 Position in Group 1 Automotive, Inc. (GPI)

Envestnet Asset Management Inc. lifted its stake in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 7.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,163 shares of the company’s stock after acquiring an additional 717 shares during the period. Envestnet Asset Management Inc.’s holdings in Group 1 Automotive were worth $735,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GPI. Great West Life Assurance Co. Can boosted its stake in shares of Group 1 Automotive by 3.2% during the second quarter. Great West Life Assurance Co. Can now owns 29,006 shares of the company’s stock valued at $1,836,000 after acquiring an additional 900 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Group 1 Automotive by 1.0% during the second quarter. Arizona State Retirement System now owns 10,431 shares of the company’s stock valued at $660,000 after acquiring an additional 100 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Group 1 Automotive by 14.4% during the second quarter. First Trust Advisors LP now owns 22,511 shares of the company’s stock valued at $1,425,000 after acquiring an additional 2,838 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Group 1 Automotive during the second quarter valued at $177,000. Finally, Legal & General Group Plc boosted its stake in shares of Group 1 Automotive by 4.5% during the second quarter. Legal & General Group Plc now owns 67,500 shares of the company’s stock valued at $4,273,000 after acquiring an additional 2,934 shares during the last quarter. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the company. Buckingham Research downgraded Group 1 Automotive from a “buy” rating to a “neutral” rating and set a $86.00 target price on the stock. in a research report on Monday, November 13th. Wells Fargo & Company increased their target price on Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a research report on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of Group 1 Automotive in a research report on Wednesday, October 4th. Berenberg Bank assumed coverage on Group 1 Automotive in a research report on Wednesday, October 4th. They set a “hold” rating and a $77.00 target price on the stock. Finally, Stephens reiterated an “equal weight” rating and set a $87.00 target price (up from $83.00) on shares of Group 1 Automotive in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $79.00.

Group 1 Automotive, Inc. (NYSE:GPI) opened at $76.19 on Thursday. Group 1 Automotive, Inc. has a 12-month low of $51.62 and a 12-month high of $84.47. The firm has a market capitalization of $1,575.48, a PE ratio of 10.25, a P/E/G ratio of 1.46 and a beta of 1.69. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.27 and a current ratio of 1.05.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings data on Thursday, October 26th. The company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.47. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.80 billion. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $1.96 EPS. analysts predict that Group 1 Automotive, Inc. will post 7.4 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, November 30th. Group 1 Automotive’s dividend payout ratio (DPR) is 15.90%.

In other news, Director J Terry Strange sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $80.27, for a total value of $401,350.00. Following the transaction, the director now directly owns 47,749 shares in the company, valued at approximately $3,832,812.23. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Darryl M. Burman sold 10,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $79.74, for a total value of $797,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,694 shares of company stock worth $5,730,556. Company insiders own 6.08% of the company’s stock.

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About Group 1 Automotive

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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