900 Shares in Group 1 Automotive, Inc. (NYSE:GPI) Acquired by nVerses Capital LLC

nVerses Capital LLC acquired a new stake in Group 1 Automotive, Inc. (NYSE:GPI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 900 shares of the company’s stock, valued at approximately $345,000.

Other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in shares of Group 1 Automotive by 22.0% in the second quarter. The Manufacturers Life Insurance Company now owns 639,142 shares of the company’s stock valued at $190,004,000 after purchasing an additional 115,143 shares during the period. Woodson Capital Management LP boosted its position in Group 1 Automotive by 114.6% in the 1st quarter. Woodson Capital Management LP now owns 142,500 shares of the company’s stock valued at $41,643,000 after buying an additional 76,102 shares during the last quarter. Hennessy Advisors Inc. boosted its position in Group 1 Automotive by 18.1% in the 2nd quarter. Hennessy Advisors Inc. now owns 108,500 shares of the company’s stock valued at $32,255,000 after buying an additional 16,600 shares during the last quarter. Shellback Capital LP grew its stake in shares of Group 1 Automotive by 27.1% during the second quarter. Shellback Capital LP now owns 95,302 shares of the company’s stock valued at $28,331,000 after acquiring an additional 20,302 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of Group 1 Automotive during the fourth quarter worth about $21,296,000. Hedge funds and other institutional investors own 99.92% of the company’s stock.

Group 1 Automotive Stock Down 0.3 %

GPI stock opened at $365.37 on Friday. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 1.78 and a beta of 1.32. Group 1 Automotive, Inc. has a 1-year low of $228.84 and a 1-year high of $393.93. The firm has a fifty day moving average price of $364.21 and a two-hundred day moving average price of $323.96. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.02 and a quick ratio of 0.26.

Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $9.80 earnings per share for the quarter, beating analysts’ consensus estimates of $9.36 by $0.44. Group 1 Automotive had a net margin of 3.03% and a return on equity of 20.53%. The business had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the prior year, the firm earned $11.73 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts predict that Group 1 Automotive, Inc. will post 39.39 EPS for the current year.

Group 1 Automotive Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 2nd were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, August 30th. Group 1 Automotive’s dividend payout ratio (DPR) is 4.44%.

Insider Activity at Group 1 Automotive

In other Group 1 Automotive news, VP Michael David Jones sold 1,200 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $350.99, for a total value of $421,188.00. Following the sale, the vice president now directly owns 9,742 shares of the company’s stock, valued at $3,419,344.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Group 1 Automotive from $360.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. StockNews.com downgraded shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley raised shares of Group 1 Automotive from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $285.00 to $430.00 in a report on Wednesday, September 25th. Stephens assumed coverage on shares of Group 1 Automotive in a report on Thursday, September 12th. They set an “equal weight” rating and a $394.00 price objective for the company. Finally, Bank of America cut their target price on shares of Group 1 Automotive from $445.00 to $435.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $396.80.

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.