Shares of Group 1 Automotive, Inc. (NYSE:GPI) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $56.04 and last traded at $56.24, with a volume of 9832 shares changing hands. The stock had previously closed at $57.77.

A number of analysts recently issued reports on the company. Morgan Stanley upped their target price on Group 1 Automotive from $59.00 to $64.00 and gave the company a “sell” rating in a research report on Wednesday, August 15th. Zacks Investment Research raised Group 1 Automotive from a “hold” rating to a “strong-buy” rating and set a $85.00 target price for the company in a research report on Tuesday, September 11th. ValuEngine cut Group 1 Automotive from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Finally, Stephens raised Group 1 Automotive from an “equal weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research report on Monday, August 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $84.33.

The stock has a market cap of $1.29 billion, a PE ratio of 7.12, a PEG ratio of 4.44 and a beta of 1.96. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.07 and a quick ratio of 0.26.

Group 1 Automotive (NYSE:GPI) last announced its earnings results on Thursday, July 26th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.31. The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.92 billion. Group 1 Automotive had a return on equity of 15.73% and a net margin of 1.97%. The business’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.87 EPS. As a group, research analysts anticipate that Group 1 Automotive, Inc. will post 8.92 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, August 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.89%. Group 1 Automotive’s dividend payout ratio (DPR) is presently 13.45%.

In other Group 1 Automotive news, insider Daryl Kenningham sold 2,700 shares of the stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $77.75, for a total transaction of $209,925.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lincoln Pereira sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $79.45, for a total value of $1,986,250.00. Following the sale, the director now directly owns 67,425 shares of the company’s stock, valued at $5,356,916.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,200 shares of company stock valued at $3,012,805. Insiders own 4.95% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Group 1 Automotive during the 3rd quarter worth approximately $109,000. BlueMountain Capital Management LLC acquired a new stake in Group 1 Automotive during the 2nd quarter worth approximately $119,000. Tower Research Capital LLC TRC acquired a new stake in Group 1 Automotive during the 2nd quarter worth approximately $135,000. Balter Liquid Alternatives LLC acquired a new stake in Group 1 Automotive during the 2nd quarter worth approximately $145,000. Finally, Flinton Capital Management LLC lifted its position in Group 1 Automotive by 74.4% during the 2nd quarter. Flinton Capital Management LLC now owns 2,400 shares of the company’s stock worth $151,000 after acquiring an additional 1,024 shares during the period. 99.76% of the stock is owned by institutional investors.

About Group 1 Automotive (NYSE:GPI)

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. It sells new and used cars, light trucks, and vehicle parts; arranges vehicle financing; sells service and insurance contracts; and provides automotive maintenance and repair services. The company has operations primarily in the metropolitan areas of Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 28 towns in the United Kingdom; and in the metropolitan markets of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

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