Group 1 Automotive, Inc. (GPI) CEO Earl J. Hesterberg Sells 27,739 Shares

Group 1 Automotive, Inc. (NYSE:GPI) CEO Earl J. Hesterberg sold 27,739 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $74.56, for a total value of $2,068,219.84. Following the completion of the sale, the chief executive officer now owns 134,065 shares in the company, valued at approximately $9,995,886.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Group 1 Automotive, Inc. (NYSE GPI) opened at $76.40 on Friday. The stock has a market capitalization of $1,590.00, a P/E ratio of 12.07, a P/E/G ratio of 1.37 and a beta of 1.69. 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 1.28, a current ratio of 1.05 and a quick ratio of 0.27.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings data on Thursday, October 26th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.47. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.96 EPS. equities analysts anticipate that Group 1 Automotive, Inc. will post 7.44 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. This is a boost 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 is presently 15.80%.

Several research firms recently issued reports on GPI. Buckingham Research raised Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Friday. Wells Fargo & Co upped their price objective on Group 1 Automotive from $65.00 to $85.00 and gave the company a “market perform” rating in a research report on Monday, October 30th. Zacks Investment Research raised Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Stephens reaffirmed an “equal weight” rating and issued a $87.00 price objective (up from $83.00) on shares of Group 1 Automotive in a research report on Wednesday, October 4th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Group 1 Automotive in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $79.50.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPI. The Manufacturers Life Insurance Company lifted its holdings in shares of Group 1 Automotive by 19.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,802,293 shares of the company’s stock valued at $114,122,000 after buying an additional 295,967 shares during the period. Davidson Kempner Capital Management LP bought a new position in shares of Group 1 Automotive during the 3rd quarter valued at $13,115,000. Northern Trust Corp lifted its holdings in shares of Group 1 Automotive by 25.9% during the 2nd quarter. Northern Trust Corp now owns 765,256 shares of the company’s stock valued at $48,456,000 after buying an additional 157,223 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Group 1 Automotive by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,275,649 shares of the company’s stock valued at $144,095,000 after buying an additional 122,130 shares during the period. Finally, Elliott Management Corp lifted its holdings in shares of Group 1 Automotive by 36.5% during the 2nd quarter. Elliott Management Corp now owns 308,362 shares of the company’s stock valued at $19,525,000 after buying an additional 82,500 shares during the period. 97.57% of the stock is currently owned by hedge funds and other institutional investors.

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Group 1 Automotive Company 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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