Swiss National Bank decreased its stake in Group 1 Automotive, Inc. (NYSE:GPI) by 5.3% during the third quarter, Holdings Channel reports. The institutional investor owned 35,800 shares of the company’s stock after selling 2,000 shares during the period. Swiss National Bank owned 0.17% of Group 1 Automotive worth $2,287,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPI. Vanguard Group Inc. raised its position in Group 1 Automotive by 1.1% in the second quarter. Vanguard Group Inc. now owns 1,653,156 shares of the company’s stock valued at $81,600,000 after buying an additional 17,459 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in Group 1 Automotive by 88.0% in the second quarter. Adage Capital Partners GP L.L.C. now owns 836,125 shares of the company’s stock valued at $41,271,000 after buying an additional 391,305 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Group 1 Automotive by 73.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 753,750 shares of the company’s stock valued at $48,150,000 after buying an additional 319,875 shares in the last quarter. Lakewood Capital Management LP raised its position in Group 1 Automotive by 62.1% in the second quarter. Lakewood Capital Management LP now owns 443,625 shares of the company’s stock valued at $21,897,000 after buying an additional 170,000 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Group 1 Automotive by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 282,928 shares of the company’s stock valued at $18,074,000 after buying an additional 4,419 shares in the last quarter. Institutional investors and hedge funds own 99.80% of the company’s stock.

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

Shares of Group 1 Automotive, Inc. (NYSE:GPI) traded up 0.069% during mid-day trading on Friday, reaching $79.575. The company’s stock had a trading volume of 104,561 shares. The firm has a market capitalization of $1.63 billion, a PE ratio of 21.748 and a beta of 1.49. Group 1 Automotive, Inc. has a 52 week low of $47.31 and a 52 week high of $82.35. The firm has a 50-day moving average of $77.95 and a 200-day moving average of $64.31.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Thursday, October 20th. The company reported $1.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.09 by $0.13. The business earned $2.80 billion during the quarter, compared to analyst estimates of $2.89 billion. Group 1 Automotive had a net margin of 0.72% and a return on equity of 17.77%. The company’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $1.91 earnings per share. Equities research analysts forecast that Group 1 Automotive, Inc. will post $7.35 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were issued a $0.23 dividend. The ex-dividend date was Tuesday, November 29th. This represents a $0.92 annualized dividend and a yield of 1.16%. Group 1 Automotive’s dividend payout ratio (DPR) is presently 24.02%.

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GPI has been the subject of several research analyst reports. CL King lowered Group 1 Automotive from a “buy” rating to a “neutral” rating in a research report on Tuesday. Zacks Investment Research upgraded Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Tuesday, December 20th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $61.00 target price (down from $64.00) on shares of Group 1 Automotive in a report on Saturday, October 8th. Finally, TheStreet upgraded Group 1 Automotive from a “hold” rating to a “buy” rating in a report on Thursday, September 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Group 1 Automotive has a consensus rating of “Hold” and an average target price of $63.33.

In other news, Director Lincoln Pereira sold 35,000 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $67.69, for a total transaction of $2,369,150.00. Following the completion of the sale, the director now directly owns 67,425 shares in the company, valued at approximately $4,563,998.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director J Terry Strange sold 2,500 shares of the company’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $80.51, for a total value of $201,275.00. Following the sale, the director now owns 48,456 shares of the company’s stock, valued at $3,901,192.56. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

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.

5 Day Chart for NYSE:GPI

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