Group 1 Automotive, Inc. (GPI) Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in Group 1 Automotive, Inc. (NYSE:GPI) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 329,856 shares of the company’s stock after selling 3,343 shares during the period. Bank of New York Mellon Corp owned approximately 1.61% of Group 1 Automotive worth $20,887,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Group 1 Automotive by 47,561.6% in the first quarter. BlackRock Inc. now owns 2,537,979 shares of the company’s stock worth $188,015,000 after buying an additional 2,532,654 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Group 1 Automotive by 25.5% in the first quarter. Vanguard Group Inc. now owns 2,153,519 shares of the company’s stock worth $159,532,000 after buying an additional 437,387 shares during the last quarter. Crescent Grove Advisors LLC purchased a new position in shares of Group 1 Automotive in the second quarter worth $21,536,000. Prudential Financial Inc. raised its holdings in shares of Group 1 Automotive by 84.7% in the first quarter. Prudential Financial Inc. now owns 182,984 shares of the company’s stock worth $13,556,000 after buying an additional 83,922 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Group 1 Automotive by 56.1% in the first quarter. Goldman Sachs Group Inc. now owns 176,378 shares of the company’s stock worth $13,067,000 after buying an additional 63,414 shares during the last quarter. Institutional investors own 97.67% of the company’s stock.

Group 1 Automotive, Inc. (NYSE:GPI) opened at 66.24 on Friday. The company’s 50 day moving average is $58.88 and its 200 day moving average is $64.58. Group 1 Automotive, Inc. has a one year low of $51.62 and a one year high of $83.18. The stock has a market cap of $1.33 billion, a PE ratio of 10.18 and a beta of 1.61.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings results on Thursday, July 27th. The company reported $1.87 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.12). Group 1 Automotive had a net margin of 1.26% and a return on equity of 15.73%. The business had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the company earned $2.16 EPS. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities research analysts expect that Group 1 Automotive, Inc. will post $7.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.24 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.96 annualized dividend and a yield of 1.45%. Group 1 Automotive’s dividend payout ratio (DPR) is 14.75%.

A number of research firms have issued reports on GPI. TheStreet cut shares of Group 1 Automotive from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. BidaskClub cut shares of Group 1 Automotive from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Goldman Sachs Group, Inc. (The) raised shares of Group 1 Automotive from a “sell” rating to a “neutral” rating and raised their price target for the stock from $56.00 to $67.00 in a report on Thursday, September 7th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $66.00 price target (down previously from $75.00) on shares of Group 1 Automotive in a report on Monday, July 17th. Finally, Zacks Investment Research cut shares of Group 1 Automotive from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Group 1 Automotive has an average rating of “Hold” and an average target price of $70.50.

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

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