Federated Hermes Inc. Sells 92 Shares of Group 1 Automotive, Inc. (NYSE:GPI)

Federated Hermes Inc. cut its stake in Group 1 Automotive, Inc. (NYSE:GPIFree Report) by 44.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114 shares of the company’s stock after selling 92 shares during the quarter. Federated Hermes Inc.’s holdings in Group 1 Automotive were worth $35,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GPI. Parkside Financial Bank & Trust grew its stake in Group 1 Automotive by 159.6% in the third quarter. Parkside Financial Bank & Trust now owns 122 shares of the company’s stock worth $33,000 after purchasing an additional 75 shares during the period. Gladius Capital Management LP purchased a new stake in shares of Group 1 Automotive in the 3rd quarter worth about $37,000. Planned Solutions Inc. bought a new position in shares of Group 1 Automotive in the 4th quarter worth about $50,000. Anchor Investment Management LLC purchased a new position in Group 1 Automotive during the 4th quarter valued at about $53,000. Finally, NBC Securities Inc. bought a new stake in Group 1 Automotive during the third quarter worth about $84,000. 99.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Group 1 Automotive

In related news, VP Michael David Jones sold 1,400 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $294.63, for a total transaction of $412,482.00. Following the transaction, the vice president now owns 11,535 shares in the company, valued at $3,398,557.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.70% of the company’s stock.

Group 1 Automotive Trading Down 1.1 %

Shares of NYSE:GPI opened at $297.00 on Wednesday. Group 1 Automotive, Inc. has a 1 year low of $215.38 and a 1 year high of $310.08. The stock’s fifty day moving average price is $277.83 and its 200-day moving average price is $277.37. The company has a market cap of $4.02 billion, a P/E ratio of 7.01, a PEG ratio of 1.48 and a beta of 1.38. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.04 and a quick ratio of 0.27.

Group 1 Automotive Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.45. Group 1 Automotive’s dividend payout ratio (DPR) is presently 4.44%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Group 1 Automotive from $315.00 to $310.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. StockNews.com downgraded Group 1 Automotive from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. 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 report on Wednesday, April 17th. Morgan Stanley upgraded shares of Group 1 Automotive from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $200.00 to $255.00 in a research note on Thursday, February 29th. Finally, Stephens reissued an “overweight” rating and set a $330.00 price objective on shares of Group 1 Automotive in a research report on Tuesday, February 13th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $330.83.

Get Our Latest Research Report on GPI

Group 1 Automotive Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Group 1 Automotive (NYSE:GPI)

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