2 weeks Ago By Defense World Staff
Prudential Financial Inc. decreased its stake in Penske Automotive Group, Inc. ( NYSE:PAG – Free Report ) by 38.
7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,812 shares of the company’s stock after selling 5,570 shares during the quarter. Prudential Financial Inc.
’s holdings in Penske Automotive Group were worth $1,343,000 as of its most recent SEC filing. Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in Penske Automotive Group by 62.
8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 29,199 shares of the company’s stock worth $4,743,000 after acquiring an additional 11,267 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Penske Automotive Group by 4.
4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,665 shares of the company’s stock worth $758,000 after purchasing an additional 196 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of Penske Automotive Group during the 3rd quarter valued at $524,000.
Janus Henderson Group PLC raised its position in shares of Penske Automotive Group by 36.9% during the 3rd quarter. Janus Henderson Group PLC now owns 39,569 shares of the company’s stock valued at $6,426,000 after purchasing an additional 10,663 shares during the period.
Finally, Jacobs Levy Equity Management Inc. bought a new position in Penske Automotive Group in the 3rd quarter worth $1,805,000. Institutional investors own 77.
08% of the company’s stock. Wall Street Analyst Weigh In Several brokerages recently issued reports on PAG. Stephens reissued an “equal weight” rating and set a $165.
00 target price on shares of Penske Automotive Group in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price objective on shares of Penske Automotive Group from $165.
00 to $140.00 and set an “underweight” rating on the stock in a research report on Thursday, March 27th. StockNews.
com upgraded shares of Penske Automotive Group from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Finally, Benchmark began coverage on shares of Penske Automotive Group in a report on Thursday, December 12th. They issued a “buy” rating on the stock.
One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Penske Automotive Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.25.
Insider Buying and Selling at Penske Automotive Group In other Penske Automotive Group news, Director John Barr sold 1,529 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $155.45, for a total transaction of $237,683.
05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website . Also, EVP Claude H.
Denker III sold 8,746 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $173.03, for a total transaction of $1,513,320.
38. Following the completion of the sale, the executive vice president now owns 28,917 shares of the company’s stock, valued at $5,003,508.51.
This trade represents a 23.22 % decrease in their position. The disclosure for this sale can be found here .
Company insiders own 52.40% of the company’s stock. Penske Automotive Group Trading Up 0.
3 % PAG stock opened at $141.53 on Friday. The firm has a fifty day moving average price of $160.
47 and a 200 day moving average price of $159.11. Penske Automotive Group, Inc.
has a fifty-two week low of $136.86 and a fifty-two week high of $180.12.
The firm has a market cap of $9.45 billion, a PE ratio of 10.29 and a beta of 1.
24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.
20 and a current ratio of 0.91. Penske Automotive Group ( NYSE:PAG – Get Free Report ) last issued its quarterly earnings data on Thursday, February 13th.
The company reported $3.54 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.
17. The business had revenue of $7.72 billion during the quarter, compared to analysts’ expectations of $7.
56 billion. Penske Automotive Group had a net margin of 3.02% and a return on equity of 18.
05%. Sell-side analysts anticipate that Penske Automotive Group, Inc. will post 13.
86 earnings per share for the current fiscal year. Penske Automotive Group Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, February 24th were paid a dividend of $1.
22 per share. This is a boost from Penske Automotive Group’s previous quarterly dividend of $1.19.
This represents a $4.88 annualized dividend and a yield of 3.45%.
The ex-dividend date of this dividend was Monday, February 24th. Penske Automotive Group’s payout ratio is presently 35.49%.
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.
Featured Articles Five stocks we like better than Penske Automotive Group ESG Stocks, What Investors Should Know Conagra Stock Could Thrive as Tariffs Hit Other Sectors Are These Liquid Natural Gas Stocks Ready For An Upside Bounce? Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey Finds Election Stocks: How Elections Affect the Stock Market Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy? 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.com's FREE daily email newsletter ..
