2 weeks Ago By ABMN Staff
Bokf Na cut its holdings in shares of Penske Automotive Group, Inc. ( NYSE:PAG – Free Report ) by 19.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 772 shares of the company’s stock after selling 186 shares during the quarter. Bokf Na’s holdings in Penske Automotive Group were worth $115,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAG.
Norges Bank bought a new stake in Penske Automotive Group during the 4th quarter worth about $30,844,000. Burgundy Asset Management Ltd. lifted its position in Penske Automotive Group by 3.
7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 755,463 shares of the company’s stock worth $121,259,000 after buying an additional 27,055 shares in the last quarter.
Manning & Napier Advisors LLC bought a new stake in Penske Automotive Group during the 2nd quarter worth about $3,742,000. Occudo Quantitative Strategies LP raised its holdings in shares of Penske Automotive Group by 321.8% in the 4th quarter.
Occudo Quantitative Strategies LP now owns 26,675 shares of the company’s stock valued at $4,282,000 after purchasing an additional 20,351 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Penske Automotive Group by 6.
5% in the 4th quarter. Goldman Sachs Group Inc. now owns 300,476 shares of the company’s stock valued at $48,229,000 after purchasing an additional 18,310 shares during the period.
77.08% of the stock is owned by institutional investors. Insiders Place Their Bets In other Penske Automotive Group news, Director John Barr sold 716 shares of the stock in a transaction that occurred on Thursday, August 1st.
The shares were sold at an average price of $170.71, for a total transaction of $122,228.36.
The sale was disclosed in a document filed with the SEC, which is available at this hyperlink . Company insiders own 51.70% of the company’s stock.
Analysts Set New Price Targets Get Our Latest Report on Penske Automotive Group Penske Automotive Group Stock Up 1.0 % Shares of PAG opened at $157.61 on Wednesday.
Penske Automotive Group, Inc. has a 52 week low of $137.95 and a 52 week high of $179.
72. The firm has a market cap of $10.54 billion, a P/E ratio of 10.
96 and a beta of 1.16. The firm’s 50-day simple moving average is $161.
10 and its 200 day simple moving average is $155.41. The company has a debt-to-equity ratio of 0.
32, a quick ratio of 0.22 and a current ratio of 0.98.
Penske Automotive Group ( NYSE:PAG – Get Free Report ) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.
39 by $0.22. Penske Automotive Group had a net margin of 3.
05% and a return on equity of 19.82%. The business had revenue of $7.
70 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same quarter in the prior year, the business earned $4.
41 EPS. Penske Automotive Group’s quarterly revenue was up 3.1% on a year-over-year basis.
On average, analysts forecast that Penske Automotive Group, Inc. will post 13.79 earnings per share for the current year.
Penske Automotive Group Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were given a dividend of $1.07 per share.
This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.72%.
The ex-dividend date of this dividend was Thursday, August 15th. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $0.96.
Penske Automotive Group’s dividend payout ratio is presently 29.76%. Penske Automotive Group Company 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 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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