Point72 DIFC Ltd Sells 194 Shares of Group 1 Automotive, Inc. (NYSE:GPI)

Point72 DIFC Ltd cut its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 12.5% during the second quarter, Holdings Channel reports. The fund owned 1,364 shares of the company’s stock after selling 194 shares during the period. Point72 DIFC Ltd’s holdings in Group 1 Automotive were worth $405,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GPI. Norges Bank acquired a new position in Group 1 Automotive in the fourth quarter worth $46,923,000. Woodson Capital Management LP raised its holdings in shares of Group 1 Automotive by 114.6% in the first 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. lifted its position in Group 1 Automotive by 18.1% during the 2nd quarter. Hennessy Advisors Inc. now owns 108,500 shares of the company’s stock worth $32,255,000 after buying an additional 16,600 shares in the last quarter. Intrinsic Edge Capital Management LLC grew its holdings in Group 1 Automotive by 66.4% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 84,968 shares of the company’s stock worth $25,893,000 after acquiring an additional 33,901 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in Group 1 Automotive in the 4th quarter valued at about $21,296,000. 99.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on GPI shares. JPMorgan Chase & Co. boosted their price objective on shares of Group 1 Automotive from $360.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Bank of America dropped their target price on Group 1 Automotive from $445.00 to $435.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Stephens assumed coverage on Group 1 Automotive in a report on Thursday, September 12th. They issued an “equal weight” rating and a $394.00 price target on the stock. StockNews.com upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Morgan Stanley raised shares of Group 1 Automotive from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $285.00 to $430.00 in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Group 1 Automotive presently has a consensus rating of “Moderate Buy” and a consensus target price of $396.80.

Group 1 Automotive Trading Up 1.1 %

NYSE:GPI opened at $382.23 on Friday. The company has a market cap of $5.17 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 1.94 and a beta of 1.33. Group 1 Automotive, Inc. has a twelve month low of $228.84 and a twelve month high of $393.93. The business has a 50 day moving average price of $355.17 and a two-hundred day moving average price of $314.70. The company has a quick ratio of 0.26, a current ratio of 1.02 and a debt-to-equity ratio of 0.80.

Group 1 Automotive (NYSE:GPI) last released its earnings results on Wednesday, July 24th. The company reported $9.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.36 by $0.44. Group 1 Automotive had a return on equity of 20.53% and a net margin of 3.03%. The business had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the company posted $11.73 earnings per share. Group 1 Automotive’s revenue was up 3.0% on a year-over-year basis. As a group, analysts expect that Group 1 Automotive, Inc. will post 39.18 EPS for the current fiscal year.

Group 1 Automotive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 2nd were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Friday, August 30th. Group 1 Automotive’s dividend payout ratio (DPR) is presently 4.44%.

Insider Activity

In other Group 1 Automotive news, VP Michael David Jones sold 1,200 shares of the company’s stock in a transaction that occurred 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 owns 9,742 shares in the company, valued at $3,419,344.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by insiders.

Group 1 Automotive 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.