Susquehanna Fundamental Investments LLC Invests $1.82 Million in Group 1 Automotive, Inc. $GPI

Susquehanna Fundamental Investments LLC bought a new position in shares of Group 1 Automotive, Inc. (NYSE:GPI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,240 shares of the company’s stock, valued at approximately $1,817,000. Susquehanna Fundamental Investments LLC owned about 0.05% of Group 1 Automotive at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its position in Group 1 Automotive by 6.1% during the 2nd quarter. NewEdge Advisors LLC now owns 471 shares of the company’s stock worth $206,000 after purchasing an additional 27 shares during the period. Lido Advisors LLC boosted its stake in shares of Group 1 Automotive by 3.4% in the fourth quarter. Lido Advisors LLC now owns 935 shares of the company’s stock worth $399,000 after buying an additional 31 shares during the last quarter. CWM LLC boosted its stake in shares of Group 1 Automotive by 7.2% in the fourth quarter. CWM LLC now owns 551 shares of the company’s stock worth $217,000 after buying an additional 37 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in Group 1 Automotive by 3.3% during the second quarter. Evergreen Capital Management LLC now owns 1,156 shares of the company’s stock worth $505,000 after acquiring an additional 37 shares during the period. Finally, State of Wyoming raised its position in Group 1 Automotive by 28.2% during the fourth quarter. State of Wyoming now owns 191 shares of the company’s stock valued at $75,000 after acquiring an additional 42 shares in the last quarter. 99.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Zacks Research downgraded Group 1 Automotive from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Weiss Ratings lowered shares of Group 1 Automotive from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 17th. UBS Group decreased their target price on shares of Group 1 Automotive from $338.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, July 10th. Barclays dropped their price target on shares of Group 1 Automotive from $435.00 to $365.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 19th. Finally, Evercore set a $360.00 price objective on shares of Group 1 Automotive in a report on Tuesday, August 4th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $392.44.

Group 1 Automotive Stock Down 0.1%

Group 1 Automotive stock opened at $269.27 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.02 and a quick ratio of 0.25. The stock has a market capitalization of $3.21 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 0.81 and a beta of 0.82. The business has a 50 day simple moving average of $290.55 and a 200-day simple moving average of $314.17. Group 1 Automotive, Inc. has a 12 month low of $249.54 and a 12 month high of $488.39.

Group 1 Automotive (NYSE:GPI) last announced its earnings results on Thursday, July 30th. The company reported $9.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.60 by ($0.99). Group 1 Automotive had a net margin of 1.31% and a return on equity of 15.66%. The business had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.66 billion. During the same quarter last year, the business earned $10.82 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, analysts anticipate that Group 1 Automotive, Inc. will post 38.96 EPS for the current fiscal year.

Group 1 Automotive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 1st. Group 1 Automotive’s dividend payout ratio (DPR) is presently 9.16%.

Group 1 Automotive Company Profile

Group 1 Automotive, Inc (NYSE: GPI) is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.

Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.