Strs Ohio Has $949,000 Stake in Group 1 Automotive, Inc. (NYSE:GPI)

Strs Ohio decreased its position in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 16.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,600 shares of the company’s stock after selling 2,300 shares during the period. Strs Ohio owned about 0.06% of Group 1 Automotive worth $949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GPI. Norges Bank acquired a new stake in shares of Group 1 Automotive during the fourth quarter worth approximately $14,039,000. 6 Meridian acquired a new stake in shares of Group 1 Automotive during the first quarter worth approximately $224,000. Foundry Partners LLC grew its stake in shares of Group 1 Automotive by 9.0% during the first quarter. Foundry Partners LLC now owns 158,217 shares of the company’s stock valued at $10,237,000 after purchasing an additional 13,035 shares during the last quarter. Investors Research Corp bought a new stake in shares of Group 1 Automotive during the first quarter valued at approximately $84,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Group 1 Automotive by 376.4% during the first quarter. BNP Paribas Arbitrage SA now owns 4,855 shares of the company’s stock valued at $314,000 after purchasing an additional 3,836 shares during the last quarter. 99.96% of the stock is owned by institutional investors.

In other Group 1 Automotive news, insider Frank Grese sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $78.45, for a total value of $392,250.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Peter C. Delongchamps sold 10,200 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $87.00, for a total transaction of $887,400.00. The disclosure for this sale can be found here. Insiders have sold 24,200 shares of company stock worth $2,063,100 over the last three months. 6.00% of the stock is owned by insiders.



Several analysts have recently commented on GPI shares. Morgan Stanley increased their price target on shares of Group 1 Automotive from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Buckingham Research cut shares of Group 1 Automotive from a “buy” rating to a “neutral” rating and increased their price target for the company from $72.00 to $83.00 in a research note on Friday, April 26th. Finally, Zacks Investment Research raised shares of Group 1 Automotive from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Group 1 Automotive has a consensus rating of “Buy” and an average price target of $83.80.

GPI opened at $82.85 on Wednesday. Group 1 Automotive, Inc. has a one year low of $48.69 and a one year high of $89.85. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.01 and a quick ratio of 0.24. The firm’s 50 day moving average is $82.46. The company has a market capitalization of $1.51 billion, a PE ratio of 9.30, a P/E/G ratio of 1.57 and a beta of 1.76.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.09. Group 1 Automotive had a net margin of 1.31% and a return on equity of 15.90%. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the prior year, the firm earned $2.45 earnings per share. Group 1 Automotive’s revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Group 1 Automotive, Inc. will post 10.21 EPS for the current fiscal year.

Group 1 Automotive Profile

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

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

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