New York State Teachers Retirement System reduced its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,183 shares of the company’s stock after selling 2,000 shares during the period. New York State Teachers Retirement System owned about 0.26% of Group 1 Automotive worth $3,781,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of Group 1 Automotive by 17.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,797 shares of the company’s stock valued at $114,000 after acquiring an additional 271 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Group 1 Automotive by 93.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,932 shares of the company’s stock valued at $122,000 after acquiring an additional 932 shares in the last quarter. Paloma Partners Management Co acquired a new position in Group 1 Automotive in the first quarter valued at about $200,000. SG Americas Securities LLC acquired a new position in Group 1 Automotive in the second quarter valued at about $177,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in Group 1 Automotive in the third quarter valued at about $215,000. Institutional investors and hedge funds own 97.67% of the company’s stock.

GPI has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. TheStreet lowered shares of Group 1 Automotive from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. Stephens restated an “equal weight” rating and issued a $87.00 price target (up from $83.00) on shares of Group 1 Automotive in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, KeyCorp restated 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 assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $77.60.

Group 1 Automotive, Inc. (GPI) opened at $79.63 on Friday. The company has a market cap of $1,661.00, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.55 and a beta of 1.69. Group 1 Automotive, Inc. has a 12-month low of $51.62 and a 12-month high of $83.18. 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 announced its earnings results on Thursday, October 26th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.47. Group 1 Automotive had a net margin of 1.20% and a return on equity of 15.69%. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the business earned $1.96 earnings per share. Group 1 Automotive’s quarterly revenue was up 6.7% on a year-over-year basis. equities research analysts predict that Group 1 Automotive, Inc. will post 7.32 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, November 30th. Group 1 Automotive’s dividend payout ratio is presently 15.26%.

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In other news, CFO John C. Rickel sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $66.99, for a total transaction of $669,900.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Peter C. Delongchamps sold 9,110 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $80.16, for a total transaction of $730,257.60. The disclosure for this sale can be found here. Insiders have sold 66,694 shares of company stock worth $5,189,106 over the last quarter. 6.08% of the stock is owned by company insiders.

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

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