Leeward Investments LLC MA Has $9.61 Million Position in Group 1 Automotive, Inc. $GPI

Leeward Investments LLC MA reduced its stake in Group 1 Automotive, Inc. (NYSE:GPI) by 4.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,001 shares of the company’s stock after selling 957 shares during the period. Leeward Investments LLC MA owned about 0.17% of Group 1 Automotive worth $9,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Contravisory Investment Management Inc. raised its holdings in Group 1 Automotive by 2.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,077 shares of the company’s stock valued at $470,000 after buying an additional 23 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Group 1 Automotive by 2.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,022 shares of the company’s stock valued at $446,000 after buying an additional 23 shares during the last quarter. Sage Rhino Capital LLC raised its holdings in Group 1 Automotive by 4.6% in the 2nd quarter. Sage Rhino Capital LLC now owns 563 shares of the company’s stock valued at $246,000 after buying an additional 25 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Group 1 Automotive by 2.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,144 shares of the company’s stock valued at $437,000 after buying an additional 30 shares during the last quarter. Finally, Xponance Inc. raised its holdings in Group 1 Automotive by 2.5% in the 1st quarter. Xponance Inc. now owns 1,302 shares of the company’s stock valued at $497,000 after buying an additional 32 shares during the last quarter. 99.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Group 1 Automotive

In other news, Director Steven Mizell sold 525 shares of Group 1 Automotive stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $417.98, for a total value of $219,439.50. Following the completion of the sale, the director owned 8 shares in the company, valued at $3,343.84. The trade was a 98.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lincoln Pereira sold 7,000 shares of Group 1 Automotive stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $469.34, for a total transaction of $3,285,380.00. Following the completion of the sale, the director owned 82,967 shares of the company’s stock, valued at $38,939,731.78. This represents a 7.78% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Group 1 Automotive Stock Down 1.6%

Shares of NYSE GPI opened at $424.12 on Friday. The company’s 50 day moving average price is $451.59 and its 200-day moving average price is $436.34. The company has a market capitalization of $5.49 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.14 and a beta of 0.85. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.24 and a current ratio of 1.05. Group 1 Automotive, Inc. has a 52-week low of $344.92 and a 52-week high of $490.09.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings data on Thursday, July 24th. The company reported $11.52 earnings per share for the quarter, beating the consensus estimate of $10.31 by $1.21. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.65 billion. Group 1 Automotive had a net margin of 2.18% and a return on equity of 18.10%. Group 1 Automotive’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.82 EPS. Equities analysts forecast that Group 1 Automotive, Inc. will post 41 earnings per share for the current year.

Group 1 Automotive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.50 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.00 annualized dividend and a dividend yield of 0.5%. Group 1 Automotive’s payout ratio is currently 5.51%.

Wall Street Analysts Forecast Growth

GPI has been the subject of a number of research reports. Bank of America dropped their price objective on shares of Group 1 Automotive from $560.00 to $545.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Weiss Ratings restated a “buy (b)” rating on shares of Group 1 Automotive in a report on Saturday. Citigroup restated a “buy” rating on shares of Group 1 Automotive in a research report on Thursday, September 25th. Wall Street Zen downgraded shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Morgan Stanley boosted their price target on shares of Group 1 Automotive from $470.00 to $485.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Group 1 Automotive currently has a consensus rating of “Moderate Buy” and a consensus target price of $478.00.

About Group 1 Automotive

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.