Innealta Capital LLC Cuts Stock Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

Innealta Capital LLC reduced its position in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 9.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 571 shares of the company’s stock after selling 62 shares during the period. Innealta Capital LLC’s holdings in Group 1 Automotive were worth $218,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. increased its holdings in shares of Group 1 Automotive by 119.4% in the fourth quarter. Bessemer Group Inc. now owns 68 shares of the company’s stock valued at $29,000 after purchasing an additional 37 shares during the last quarter. Fifth Third Bancorp boosted its stake in Group 1 Automotive by 24.8% during the first quarter. Fifth Third Bancorp now owns 146 shares of the company’s stock worth $56,000 after buying an additional 29 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Group 1 Automotive by 59.3% during the fourth quarter. Global Retirement Partners LLC now owns 188 shares of the company’s stock worth $79,000 after buying an additional 70 shares during the last quarter. NBC Securities Inc. acquired a new position in Group 1 Automotive during the first quarter worth $87,000. Finally, GAMMA Investing LLC boosted its stake in Group 1 Automotive by 95.9% during the first quarter. GAMMA Investing LLC now owns 237 shares of the company’s stock worth $91,000 after buying an additional 116 shares during the last quarter. 99.92% of the stock is currently owned by hedge funds and other institutional investors.

Group 1 Automotive Stock Performance

Shares of Group 1 Automotive stock opened at $445.43 on Friday. Group 1 Automotive, Inc. has a 52 week low of $279.86 and a 52 week high of $490.09. The business’s fifty day simple moving average is $422.07 and its 200-day simple moving average is $427.39. The firm has a market cap of $5.76 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.11 and a beta of 0.91. The company has a quick ratio of 0.27, a current ratio of 1.00 and a debt-to-equity ratio of 0.89.

Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings results on Thursday, April 24th. The company reported $10.17 EPS for the quarter, beating the consensus estimate of $9.68 by $0.49. Group 1 Automotive had a return on equity of 17.96% and a net margin of 2.27%. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.37 billion. During the same quarter in the prior year, the company posted $9.49 EPS. The company’s quarterly revenue was up 23.1% on a year-over-year basis. Equities analysts forecast that Group 1 Automotive, Inc. will post 41 earnings per share for the current year.

Group 1 Automotive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.50 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.00 annualized dividend and a dividend yield of 0.45%. Group 1 Automotive’s dividend payout ratio is presently 5.61%.

Insider Activity at Group 1 Automotive

In related news, VP Michael David Jones sold 1,613 shares of the business’s stock in a transaction on Monday, April 28th. The stock was sold at an average price of $405.57, for a total value of $654,184.41. Following the sale, the vice president now owns 8,260 shares in the company, valued at approximately $3,350,008.20. The trade was a 16.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel James Mchenry sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $441.71, for a total value of $1,325,130.00. Following the completion of the sale, the chief financial officer now owns 16,674 shares in the company, valued at $7,365,072.54. This represents a 15.25% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

GPI has been the topic of a number of recent research reports. Bank of America boosted their price objective on Group 1 Automotive from $510.00 to $565.00 and gave the stock a “buy” rating in a research note on Monday, June 16th. Citigroup boosted their price objective on Group 1 Automotive from $463.00 to $495.00 and gave the stock a “buy” rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price objective on Group 1 Automotive from $495.00 to $435.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Wall Street Zen raised Group 1 Automotive from a “hold” rating to a “buy” rating in a research note on Saturday, June 7th. Finally, Guggenheim lowered Group 1 Automotive from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Group 1 Automotive currently has a consensus rating of “Moderate Buy” and an average target price of $473.00.

Group 1 Automotive Profile

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.