State of Alaska Department of Revenue Increases Position in Group 1 Automotive, Inc. (NYSE:GPI)

State of Alaska Department of Revenue grew its holdings in Group 1 Automotive, Inc. (NYSE:GPI) by 124.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 13,412 shares of the company’s stock after buying an additional 7,425 shares during the period. State of Alaska Department of Revenue owned 0.07% of Group 1 Automotive worth $1,238,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GPI. Invesco Ltd. increased its holdings in Group 1 Automotive by 78.6% in the second quarter. Invesco Ltd. now owns 163,449 shares of the company’s stock valued at $13,385,000 after buying an additional 71,908 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Group 1 Automotive in the second quarter valued at about $5,485,000. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Group 1 Automotive by 65.9% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 156,889 shares of the company’s stock valued at $12,848,000 after buying an additional 62,300 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Group 1 Automotive by 899.0% in the second quarter. Victory Capital Management Inc. now owns 66,822 shares of the company’s stock valued at $5,472,000 after buying an additional 60,133 shares in the last quarter. Finally, 361 Capital LLC purchased a new position in Group 1 Automotive in the second quarter valued at about $2,793,000. 99.96% of the stock is owned by institutional investors and hedge funds.

In related news, CFO John C. Rickel sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $88.22, for a total transaction of $882,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daryl Kenningham sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $87.05, for a total transaction of $783,450.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,559 shares of company stock worth $4,257,447. 6.00% of the stock is owned by company insiders.



A number of research analysts have issued reports on the stock. ValuEngine cut shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Buckingham Research set a $87.00 price target on shares of Group 1 Automotive and gave the company a “hold” rating in a research report on Tuesday, September 24th. Finally, 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 report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $84.60.

GPI stock opened at $88.90 on Friday. The company’s 50 day simple moving average is $82.81 and its 200-day simple moving average is $78.44. The firm has a market capitalization of $1.65 billion, a PE ratio of 9.98, a P/E/G ratio of 1.37 and a beta of 1.79. Group 1 Automotive, Inc. has a 12 month low of $48.69 and a 12 month high of $94.27. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.01 and a quick ratio of 0.24.

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 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 analyst estimates of $2.92 billion. During the same period in the prior year, the business earned $2.45 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Group 1 Automotive, Inc. will post 10.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.12 dividend on an annualized basis and a yield of 1.26%. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.26. Group 1 Automotive’s dividend payout ratio (DPR) is 12.57%.

Group 1 Automotive Company 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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