Inspire Investing LLC Raises Holdings in Penske Automotive Group, Inc. (NYSE:PAG)

Inspire Investing LLC grew its position in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,164 shares of the company’s stock after acquiring an additional 445 shares during the quarter. Inspire Investing LLC’s holdings in Penske Automotive Group were worth $940,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Penske Automotive Group by 44.8% in the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock valued at $40,000 after buying an additional 81 shares during the period. True Wealth Design LLC lifted its stake in shares of Penske Automotive Group by 14,833.3% during the third quarter. True Wealth Design LLC now owns 448 shares of the company’s stock worth $73,000 after purchasing an additional 445 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its stake in shares of Penske Automotive Group by 45,300.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company’s stock worth $74,000 after purchasing an additional 453 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Penske Automotive Group in the third quarter valued at about $94,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Penske Automotive Group in the third quarter valued at about $112,000. 77.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark assumed coverage on Penske Automotive Group in a report on Thursday, December 12th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $170.25.

Penske Automotive Group Stock Up 1.0 %

Shares of Penske Automotive Group stock opened at $162.11 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.91 and a quick ratio of 0.20. Penske Automotive Group, Inc. has a 1-year low of $142.32 and a 1-year high of $179.72. The business has a 50-day moving average of $159.55 and a 200-day moving average of $159.11. The company has a market capitalization of $10.82 billion, a PE ratio of 12.42 and a beta of 1.20.

Penske Automotive Group (NYSE:PAG) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $3.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($0.02). Penske Automotive Group had a return on equity of 18.38% and a net margin of 2.91%. The business had revenue of $7.59 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter in the prior year, the firm earned $3.90 earnings per share. Penske Automotive Group’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts forecast that Penske Automotive Group, Inc. will post 13.53 EPS for the current fiscal year.

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.