Parkside Financial Bank & Trust Has $54,000 Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

Parkside Financial Bank & Trust boosted its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 44.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 176 shares of the company’s stock after buying an additional 54 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Group 1 Automotive were worth $54,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of GPI. SG Americas Securities LLC bought a new stake in shares of Group 1 Automotive during the third quarter worth approximately $1,199,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Group 1 Automotive by 77.6% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,950 shares of the company’s stock worth $1,599,000 after acquiring an additional 2,600 shares during the period. Golden State Equity Partners boosted its holdings in shares of Group 1 Automotive by 11.0% during the third quarter. Golden State Equity Partners now owns 1,001 shares of the company’s stock worth $269,000 after acquiring an additional 99 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Group 1 Automotive by 146.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,207 shares of the company’s stock worth $593,000 after acquiring an additional 1,312 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of Group 1 Automotive by 6.3% during the third quarter. Raymond James & Associates now owns 29,204 shares of the company’s stock worth $7,847,000 after acquiring an additional 1,738 shares during the period. Institutional investors and hedge funds own 99.92% of the company’s stock.

Analyst Upgrades and Downgrades

GPI has been the subject of a number of research analyst reports. StockNews.com cut Group 1 Automotive from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Stephens reiterated an “overweight” rating and issued a $330.00 price target on shares of Group 1 Automotive in a research note on Tuesday, February 13th. Guggenheim upgraded Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $305.00 price target for the company in a research note on Wednesday, April 17th. JPMorgan Chase & Co. cut their price target on Group 1 Automotive from $325.00 to $315.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Finally, Morgan Stanley upgraded Group 1 Automotive from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $200.00 to $255.00 in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.67.

Group 1 Automotive Stock Down 0.0 %

Shares of GPI opened at $300.35 on Friday. Group 1 Automotive, Inc. has a one year low of $214.25 and a one year high of $310.08. The company has a market cap of $4.06 billion, a P/E ratio of 7.09, a P/E/G ratio of 1.52 and a beta of 1.42. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.11 and a quick ratio of 0.33. The firm has a 50 day simple moving average of $272.82 and a two-hundred day simple moving average of $274.60.

Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $9.50 EPS for the quarter, missing the consensus estimate of $10.44 by ($0.94). Group 1 Automotive had a net margin of 3.23% and a return on equity of 22.82%. The firm had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same quarter in the prior year, the firm earned $10.86 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts forecast that Group 1 Automotive, Inc. will post 39.37 EPS for the current fiscal year.

Group 1 Automotive Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.47 per share. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Thursday, February 29th. Group 1 Automotive’s payout ratio is currently 4.44%.

Group 1 Automotive Company Profile

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.