Federated Hermes Inc. Has $28,000 Stock Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

Federated Hermes Inc. trimmed its position in Group 1 Automotive, Inc. (NYSE:GPI – Get Rating) by 44.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 163 shares of the company’s stock after selling 133 shares during the period. Federated Hermes Inc.’s holdings in Group 1 Automotive were worth $28,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Cibc World Market Inc. lifted its stake in shares of Group 1 Automotive by 4.4% in the 2nd quarter. Cibc World Market Inc. now owns 1,570 shares of the company’s stock valued at $267,000 after acquiring an additional 66 shares during the last quarter. National Bank of Canada FI raised its position in Group 1 Automotive by 19.1% during the 2nd quarter. National Bank of Canada FI now owns 418 shares of the company’s stock worth $71,000 after purchasing an additional 67 shares during the last quarter. First Republic Investment Management Inc. raised its position in Group 1 Automotive by 5.4% during the 1st quarter. First Republic Investment Management Inc. now owns 3,441 shares of the company’s stock worth $577,000 after purchasing an additional 175 shares during the last quarter. Islay Capital Management LLC raised its position in Group 1 Automotive by 20.1% during the 2nd quarter. Islay Capital Management LLC now owns 1,069 shares of the company’s stock worth $182,000 after purchasing an additional 179 shares during the last quarter. Finally, M&T Bank Corp raised its position in Group 1 Automotive by 11.3% during the 2nd quarter. M&T Bank Corp now owns 1,786 shares of the company’s stock worth $303,000 after purchasing an additional 182 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. raised Group 1 Automotive from a “neutral” rating to an “overweight” rating and set a $210.00 target price for the company in a research report on Thursday, October 6th. Bank of America lowered their target price on Group 1 Automotive from $375.00 to $358.00 and set a “buy” rating for the company in a research report on Friday, September 9th. Finally, StockNews.com began coverage on Group 1 Automotive in a research report on Wednesday, October 12th. They issued a “buy” rating for the company.

Group 1 Automotive Stock Performance

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GPI stock opened at $180.37 on Monday. The stock has a 50-day moving average price of $181.95 and a 200-day moving average price of $173.66. Group 1 Automotive, Inc. has a 1-year low of $136.16 and a 1-year high of $201.83. The company has a current ratio of 1.03, a quick ratio of 0.31 and a debt-to-equity ratio of 0.81. The firm has a market cap of $2.63 billion, a PE ratio of 4.39, a price-to-earnings-growth ratio of 2.04 and a beta of 1.50.

Group 1 Automotive (NYSE:GPI – Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $12.00 earnings per share for the quarter, topping the consensus estimate of $10.99 by $1.01. Group 1 Automotive had a return on equity of 36.79% and a net margin of 4.32%. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.07 billion. As a group, equity research analysts expect that Group 1 Automotive, Inc. will post 45.87 earnings per share for the current year.

Group 1 Automotive Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were paid a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 0.86%. Group 1 Automotive’s dividend payout ratio (DPR) is currently 3.80%.

Insider Activity

In other news, CEO Earl J. Hesterberg sold 30,000 shares of the firm’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $173.74, for a total value of $5,212,200.00. Following the completion of the sale, the chief executive officer now directly owns 8,974 shares in the company, valued at approximately $1,559,142.76. The sale was disclosed in a document filed with the SEC, which is accessible via this link. In other Group 1 Automotive news, SVP Frank Grese sold 4,000 shares of Group 1 Automotive stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $178.61, for a total transaction of $714,440.00. Following the completion of the transaction, the senior vice president now owns 17,846 shares in the company, valued at approximately $3,187,474.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Earl J. Hesterberg sold 30,000 shares of Group 1 Automotive stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $173.74, for a total value of $5,212,200.00. Following the transaction, the chief executive officer now owns 8,974 shares of the company’s stock, valued at approximately $1,559,142.76. The disclosure for this sale can be found here. Insiders sold a total of 49,925 shares of company stock worth $8,920,415 in the last three months. Company insiders own 3.80% of the company’s stock.

About Group 1 Automotive

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Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry. 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. It operates primarily in 17 states in the United States; and 35 towns in the United Kingdom.

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

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