EverSource Wealth Advisors LLC Acquires 41 Shares of Group 1 Automotive, Inc. (NYSE:GPI)

EverSource Wealth Advisors LLC boosted its stake in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 346 shares of the company’s stock after buying an additional 41 shares during the period. EverSource Wealth Advisors LLC’s holdings in Group 1 Automotive were worth $146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of GPI. R Squared Ltd bought a new position in shares of Group 1 Automotive in the 4th quarter worth $30,000. Assetmark Inc. grew its stake in Group 1 Automotive by 51.9% in the third quarter. Assetmark Inc. now owns 82 shares of the company’s stock valued at $31,000 after purchasing an additional 28 shares during the last quarter. Avior Wealth Management LLC purchased a new position in Group 1 Automotive in the third quarter valued at about $46,000. GAMMA Investing LLC lifted its position in shares of Group 1 Automotive by 70.4% during the fourth quarter. GAMMA Investing LLC now owns 121 shares of the company’s stock valued at $51,000 after buying an additional 50 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Group 1 Automotive during the fourth quarter valued at about $66,000. Institutional investors own 99.92% of the company’s stock.

Group 1 Automotive Stock Up 1.8 %

Shares of GPI stock opened at $392.82 on Tuesday. The stock has a market cap of $5.20 billion, a P/E ratio of 10.69 and a beta of 1.33. Group 1 Automotive, Inc. has a twelve month low of $262.31 and a twelve month high of $490.09. The stock has a 50 day moving average of $448.42 and a 200 day moving average of $411.41. The company has a current ratio of 1.03, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92.

Group 1 Automotive (NYSE:GPI) last posted its earnings results on Wednesday, January 29th. The company reported $10.02 EPS for the quarter, beating analysts’ consensus estimates of $8.77 by $1.25. Group 1 Automotive had a return on equity of 18.09% and a net margin of 2.47%. As a group, sell-side analysts expect that Group 1 Automotive, Inc. will post 41 EPS for the current year.

Group 1 Automotive Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.50 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.51%. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.47. Group 1 Automotive’s dividend payout ratio (DPR) is currently 5.44%.

Wall Street Analyst Weigh In

Several research analysts recently commented on GPI shares. Jefferies Financial Group assumed coverage on shares of Group 1 Automotive in a research note on Friday, December 13th. They set a “buy” rating and a $500.00 price objective for the company. Stephens reiterated an “equal weight” rating and set a $460.00 price objective on shares of Group 1 Automotive in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price target on Group 1 Automotive from $420.00 to $495.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Guggenheim boosted their price objective on shares of Group 1 Automotive from $420.00 to $442.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $460.33.

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.