2 days Ago By ABMN Staff
American Century Companies Inc. lessened its holdings in shares of Penske Automotive Group, Inc. ( NYSE:PAG – Free Report ) by 5.
2% in the second quarter, HoldingsChannel reports. The fund owned 308,706 shares of the company’s stock after selling 16,809 shares during the period. American Century Companies Inc.
’s holdings in Penske Automotive Group were worth $46,003,000 as of its most recent filing with the SEC. A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc.
raised its stake in shares of Penske Automotive Group by 0.3% during the fourth quarter. Vanguard Group Inc.
now owns 2,036,010 shares of the company’s stock valued at $326,800,000 after purchasing an additional 5,399 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in shares of Penske Automotive Group by 1.
1% during the 1st quarter. Burgundy Asset Management Ltd. now owns 763,606 shares of the company’s stock worth $123,697,000 after buying an additional 8,143 shares in the last quarter.
Goldman Sachs Group Inc. raised its position in shares of Penske Automotive Group by 6.5% during the 4th quarter.
Goldman Sachs Group Inc. now owns 300,476 shares of the company’s stock worth $48,229,000 after buying an additional 18,310 shares in the last quarter. Norges Bank acquired a new stake in shares of Penske Automotive Group in the 4th quarter worth approximately $30,844,000.
Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 valued at $22,832,000 after acquiring an additional 3,844 shares in the last quarter. Institutional investors and hedge funds own 77.
08% of the company’s stock. Insider Activity In related news, Director John Barr sold 716 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is accessible through this link .
51.70% of the stock is owned by company insiders. Analyst Ratings Changes View Our Latest Report on PAG Penske Automotive Group Price Performance Shares of NYSE:PAG opened at $156.
07 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.
22 and a current ratio of 0.98. The company has a market capitalization of $10.
44 billion, a PE ratio of 10.85 and a beta of 1.16.
The stock has a fifty day moving average of $160.83 and a 200-day moving average of $155.38.
Penske Automotive Group, Inc. has a one year low of $137.95 and a one year high of $179.
72. Penske Automotive Group ( NYSE:PAG – Get Free Report ) last announced its earnings results on Wednesday, July 31st. The company reported $3.
61 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 the consensus estimate 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 revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $4.
41 earnings per share. As a group, equities analysts anticipate that Penske Automotive Group, Inc. will post 13.
79 EPS for the current fiscal year. Penske Automotive Group Increases Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were given a $1.
07 dividend. This is an increase from Penske Automotive Group’s previous quarterly dividend of $0.96.
This represents a $4.28 annualized dividend and a dividend yield of 2.74%.
The ex-dividend date of this dividend was Thursday, August 15th. Penske Automotive Group’s dividend payout ratio (DPR) is 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.
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