Group 1 Automotive, Inc. $GPI Holdings Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 6.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 942 shares of the company’s stock after buying an additional 59 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Group 1 Automotive were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Elequin Capital LP purchased a new position in Group 1 Automotive in the first quarter valued at about $29,000. Signaturefd LLC grew its stake in Group 1 Automotive by 90.5% in the second quarter. Signaturefd LLC now owns 80 shares of the company’s stock valued at $35,000 after purchasing an additional 38 shares in the last quarter. Bessemer Group Inc. grew its stake in Group 1 Automotive by 60.3% in the first quarter. Bessemer Group Inc. now owns 109 shares of the company’s stock valued at $41,000 after purchasing an additional 41 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Group 1 Automotive in the first quarter valued at about $64,000. Finally, GAMMA Investing LLC grew its stake in Group 1 Automotive by 95.9% in the first quarter. GAMMA Investing LLC now owns 237 shares of the company’s stock valued at $91,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 99.92% of the company’s stock.

Group 1 Automotive Price Performance

Shares of NYSE:GPI opened at $445.47 on Tuesday. Group 1 Automotive, Inc. has a fifty-two week low of $344.38 and a fifty-two week high of $490.09. The business has a 50-day moving average of $452.46 and a two-hundred day moving average of $435.09. The stock has a market capitalization of $5.76 billion, a P/E ratio of 12.28, a P/E/G ratio of 1.17 and a beta of 0.85. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.24.

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

Group 1 Automotive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. Group 1 Automotive’s payout ratio is currently 5.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Group 1 Automotive in a research note on Wednesday, October 8th. Citigroup restated a “buy” rating on shares of Group 1 Automotive in a research note on Thursday, September 25th. JPMorgan Chase & Co. boosted their price target on Group 1 Automotive from $430.00 to $435.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Zacks Research cut Group 1 Automotive from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen cut Group 1 Automotive from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $478.00.

Insider Activity

In related news, Director Lincoln Pereira sold 7,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $469.34, for a total transaction of $3,285,380.00. Following the completion of the transaction, the director owned 82,967 shares of the company’s stock, valued at approximately $38,939,731.78. The trade was a 7.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven Mizell sold 525 shares of the business’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $417.98, for a total value of $219,439.50. Following the transaction, the director directly owned 8 shares of the company’s stock, valued at $3,343.84. This represents a 98.50% decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

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.