Penske Automotive Group, Inc. (NYSE:PAG) Shares Bought by Strs Ohio

Strs Ohio lifted its stake in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 18.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,314 shares of the company’s stock after purchasing an additional 2,079 shares during the quarter. Strs Ohio’s holdings in Penske Automotive Group were worth $2,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PAG. Venturi Wealth Management LLC increased its position in Penske Automotive Group by 113.6% in the third quarter. Venturi Wealth Management LLC now owns 173 shares of the company’s stock worth $29,000 after buying an additional 92 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in shares of Penske Automotive Group in the 3rd quarter worth about $35,000. Grove Bank & Trust lifted its position in Penske Automotive Group by 100.0% in the 3rd quarter. Grove Bank & Trust now owns 250 shares of the company’s stock valued at $42,000 after purchasing an additional 125 shares during the last quarter. Quantbot Technologies LP acquired a new position in Penske Automotive Group during the 2nd quarter valued at about $55,000. Finally, Blue Trust Inc. boosted its stake in Penske Automotive Group by 91.2% during the 4th quarter. Blue Trust Inc. now owns 346 shares of the company’s stock valued at $58,000 after purchasing an additional 165 shares during the period. 77.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PAG shares. Bank of America lifted their price target on Penske Automotive Group from $175.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Morgan Stanley lifted their target price on Penske Automotive Group from $107.00 to $115.00 and gave the company an “underweight” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Penske Automotive Group currently has a consensus rating of “Hold” and an average target price of $163.20.

Insider Activity

In related news, Director John Barr sold 1,600 shares of Penske Automotive Group stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $154.05, for a total transaction of $246,480.00. Following the transaction, the director now directly owns 716 shares of the company’s stock, valued at $110,299.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Penske Automotive Group news, Director John Barr sold 1,600 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $154.05, for a total value of $246,480.00. Following the completion of the sale, the director now directly owns 716 shares of the company’s stock, valued at approximately $110,299.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Greg C. Smith sold 1,604 shares of Penske Automotive Group stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $149.38, for a total transaction of $239,605.52. Following the completion of the transaction, the director now directly owns 51,001 shares in the company, valued at approximately $7,618,529.38. The disclosure for this sale can be found here. Insiders own 51.70% of the company’s stock.

Penske Automotive Group Trading Up 0.3 %

Penske Automotive Group stock opened at $147.94 on Friday. Penske Automotive Group, Inc. has a 12-month low of $133.72 and a 12-month high of $180.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 0.25. The stock has a market capitalization of $9.92 billion, a PE ratio of 9.56 and a beta of 1.19. The firm has a 50 day simple moving average of $153.11 and a 200-day simple moving average of $152.90.

Penske Automotive Group (NYSE:PAG) last released its earnings results on Wednesday, February 7th. The company reported $3.45 earnings per share for the quarter, missing analysts’ consensus estimates of $3.66 by ($0.21). Penske Automotive Group had a return on equity of 24.19% and a net margin of 3.57%. The firm had revenue of $7.27 billion during the quarter, compared to analyst estimates of $7.18 billion. During the same quarter last year, the company earned $4.21 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts expect that Penske Automotive Group, Inc. will post 13.8 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.