Vanguard Group Inc grew its position in Penske Automotive Group, Inc. (NYSE:PAG) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,061,177 shares of the company’s stock after buying an additional 53,146 shares during the period. Vanguard Group Inc’s holdings in Penske Automotive Group were worth $145,069,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Ffcm LLC purchased a new stake in shares of Penske Automotive Group in the 3rd quarter valued at approximately $126,000. Tower Research Capital LLC TRC lifted its holdings in shares of Penske Automotive Group by 243.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,801 shares of the company’s stock worth $133,000 after acquiring an additional 1,986 shares during the last quarter. Trilogy Capital Inc. acquired a new position in shares of Penske Automotive Group in the 3rd quarter worth approximately $198,000. Janus Henderson Group PLC acquired a new position in shares of Penske Automotive Group in the 2nd quarter worth approximately $215,000. Finally, Rafferty Asset Management LLC acquired a new position in shares of Penske Automotive Group in the 3rd quarter worth approximately $263,000. 43.04% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently commented on PAG shares. Morgan Stanley upped their price objective on shares of Penske Automotive Group from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, November 14th. ValuEngine upgraded shares of Penske Automotive Group from a “sell” rating to a “hold” rating in a report on Friday, January 4th. Zacks Investment Research lowered shares of Penske Automotive Group from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Finally, Guggenheim lowered shares of Penske Automotive Group from a “buy” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a report on Friday, September 21st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $57.80.
Shares of PAG stock opened at $45.61 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.22 and a debt-to-equity ratio of 0.76. Penske Automotive Group, Inc. has a one year low of $38.49 and a one year high of $54.83. The company has a market capitalization of $3.85 billion, a PE ratio of 10.56, a P/E/G ratio of 1.84 and a beta of 1.33.
Penske Automotive Group (NYSE:PAG) last released its earnings results on Thursday, October 25th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.04. The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.86 billion. Penske Automotive Group had a net margin of 3.09% and a return on equity of 17.76%. Equities analysts expect that Penske Automotive Group, Inc. will post 5.38 earnings per share for the current year.
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About Penske Automotive Group
Penske Automotive Group, Inc operates as a transportation services company. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand.
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