2 weeks Ago By Defense World Staff
Bokf Na trimmed its position in Penske Automotive Group, Inc. ( NYSE:PAG – Free Report ) by 19.4% during the second quarter, according to its most recent 13F filing with the SEC.
The fund owned 772 shares of the company’s stock after selling 186 shares during the period. Bokf Na’s holdings in Penske Automotive Group were worth $115,000 as of its most recent filing with the SEC. Other institutional investors and hedge funds also recently made changes to their positions in the company.
Charles Schwab Investment Management Inc. increased its position in Penske Automotive Group by 2.8% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 142,246 shares of the company’s stock worth $22,832,000 after purchasing an additional 3,844 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Penske Automotive Group by 78.
2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 3,948 shares of the company’s stock worth $634,000 after buying an additional 1,733 shares during the period. Brown Advisory Inc.
raised its stake in shares of Penske Automotive Group by 153.0% during the fourth quarter. Brown Advisory Inc.
now owns 3,307 shares of the company’s stock worth $531,000 after buying an additional 2,000 shares during the last quarter. Norges Bank acquired a new position in Penske Automotive Group in the fourth quarter valued at approximately $30,844,000. Finally, PNC Financial Services Group Inc.
boosted its stake in Penske Automotive Group by 1.8% in the fourth quarter. PNC Financial Services Group Inc.
now owns 4,186 shares of the company’s stock valued at $672,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 77.08% of the company’s stock.
Analyst Ratings Changes A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Penske Automotive Group from $140.
00 to $160.00 and gave the company an “underweight” rating in a research note on Tuesday, September 10th. Stephens assumed coverage on Penske Automotive Group in a report on Thursday, September 12th.
They set an “equal weight” rating and a $161.00 target price on the stock. Finally, Bank of America boosted their target price on Penske Automotive Group from $175.
00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock.
Based on data from MarketBeat, Penske Automotive Group presently has a consensus rating of “Hold” and an average price target of $162.40. Insider Activity at Penske Automotive Group In related news, Director John Barr sold 716 shares of the business’s stock in a transaction on Thursday, August 1st.
The shares were sold at an average price of $170.71, for a total value of $122,228.36.
The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . 51.70% of the stock is currently owned by insiders.
Penske Automotive Group Stock Up 1.0 % NYSE:PAG opened at $157.61 on Wednesday.
Penske Automotive Group, Inc. has a 1 year low of $137.95 and a 1 year high of $179.
72. The stock has a 50-day moving average price of $161.10 and a two-hundred day moving average price of $155.
41. The stock has a market cap of $10.54 billion, a price-to-earnings ratio of 10.
96 and a beta of 1.16. The company has a current ratio of 0.
98, a quick ratio of 0.22 and a debt-to-equity ratio of 0.32.
Penske Automotive Group ( NYSE:PAG – Get Free Report ) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.
39 by $0.22. The business had revenue of $7.
70 billion during the quarter, compared to analyst estimates of $7.59 billion. Penske Automotive Group had a return on equity of 19.
82% and a net margin of 3.05%. Penske Automotive Group’s quarterly revenue was up 3.
1% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.41 EPS.
As a group, equities analysts expect that Penske Automotive Group, Inc. will post 13.79 earnings per share for the current year.
Penske Automotive Group Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were issued a dividend of $1.07 per share.
This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.72%.
This is a positive change from Penske Automotive Group’s previous quarterly dividend of $0.96. The ex-dividend date was Thursday, August 15th.
Penske Automotive Group’s dividend payout ratio (DPR) is presently 29.76%. Penske Automotive Group Profile ( Free Report ) Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide.
The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors. Read More Five stocks we like better than Penske Automotive Group What is MarketRankTM? How to Use it Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Bank Stocks – Best Bank Stocks to Invest In Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge What is a Low P/E Ratio and What Does it Tell Investors? Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Want to see what other hedge funds are holding PAG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Penske Automotive Group, Inc. ( NYSE:PAG – Free Report ). Receive News & Ratings for Penske Automotive Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penske Automotive Group and related companies with MarketBeat.
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