Y Intercept Hong Kong Ltd Has $1.44 Million Stock Holdings in Penske Automotive Group, Inc. (NYSE:PAG)

Y Intercept Hong Kong Ltd lessened its holdings in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 23.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,446 shares of the company’s stock after selling 2,967 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Penske Automotive Group were worth $1,440,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Wealthspire Advisors LLC grew its holdings in Penske Automotive Group by 2.4% during the 4th quarter. Wealthspire Advisors LLC now owns 2,738 shares of the company’s stock worth $417,000 after acquiring an additional 63 shares during the period. CIBC Asset Management Inc grew its holdings in Penske Automotive Group by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 1,946 shares of the company’s stock worth $316,000 after acquiring an additional 69 shares during the period. Blue Chip Partners LLC boosted its position in shares of Penske Automotive Group by 0.7% during the fourth quarter. Blue Chip Partners LLC now owns 10,606 shares of the company’s stock worth $1,617,000 after purchasing an additional 73 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Penske Automotive Group by 44.8% during the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock worth $40,000 after purchasing an additional 81 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of Penske Automotive Group by 0.5% during the third quarter. Quantinno Capital Management LP now owns 16,648 shares of the company’s stock worth $2,704,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.

Insider Transactions at Penske Automotive Group

In other news, EVP Claude H. Denker III sold 8,746 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $173.03, for a total transaction of $1,513,320.38. Following the completion of the transaction, the executive vice president now directly owns 28,917 shares in the company, valued at $5,003,508.51. This represents a 23.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 51.70% of the company’s stock.

Penske Automotive Group Price Performance

Shares of NYSE PAG opened at $167.53 on Wednesday. The firm has a market cap of $11.19 billion, a PE ratio of 12.18 and a beta of 1.20. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.22. Penske Automotive Group, Inc. has a 1-year low of $142.32 and a 1-year high of $180.12. The company has a fifty day moving average price of $161.17 and a 200 day moving average price of $160.58.

Penske Automotive Group (NYSE:PAG) last announced its earnings results on Thursday, February 13th. The company reported $3.54 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.17. The firm had revenue of $7.72 billion during the quarter, compared to analyst estimates of $7.56 billion. Penske Automotive Group had a net margin of 3.02% and a return on equity of 18.05%. Research analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, February 24th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $1.19. This represents a $4.88 dividend on an annualized basis and a yield of 2.91%. Penske Automotive Group’s dividend payout ratio is presently 35.49%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Penske Automotive Group from a “hold” rating to a “buy” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Penske Automotive Group from $160.00 to $165.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 19th. Benchmark assumed coverage on shares of Penske Automotive Group in a research report on Thursday, December 12th. They set a “buy” rating on the stock. Finally, Stephens reissued an “equal weight” rating and set a $165.00 price target on shares of Penske Automotive Group in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Penske Automotive Group presently has an average rating of “Moderate Buy” and a consensus target price of $172.50.

Penske Automotive Group Company Profile

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.