Penske Automotive Group, Inc. (NYSE:PAG) has been given an average recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $54.00.
A number of equities analysts have recently weighed in on the stock. Morgan Stanley cut shares of GasLog Partners LP Unit from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $23.00 to $18.00 in a research note on Tuesday, April 16th. ValuEngine raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Zacks Investment Research cut shares of Hanger from a “hold” rating to a “sell” rating in a research note on Tuesday, May 28th.
PAG traded down $0.55 during trading on Friday, hitting $46.03. The stock had a trading volume of 16,294 shares, compared to its average volume of 247,350. The company has a quick ratio of 0.22, a current ratio of 0.98 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 8.63, a P/E/G ratio of 1.82 and a beta of 1.33. The business has a 50-day moving average of $45.78. Penske Automotive Group has a twelve month low of $38.49 and a twelve month high of $53.84.
Penske Automotive Group (NYSE:PAG) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.03. Penske Automotive Group had a net margin of 2.05% and a return on equity of 17.38%. The company had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.74 billion. During the same period in the previous year, the company posted $1.26 EPS. Penske Automotive Group’s revenue was down 3.2% compared to the same quarter last year. As a group, analysts predict that Penske Automotive Group will post 5.51 earnings per share for the current year.
In other news, EVP Shane M. Spradlin sold 2,656 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $44.05, for a total transaction of $116,996.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Robert H. Kurnick, Jr. sold 8,579 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.05, for a total transaction of $395,062.95. Following the transaction, the president now directly owns 98,509 shares in the company, valued at $4,536,339.45. The disclosure for this sale can be found here. Corporate insiders own 42.60% of the company’s stock.
Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Penske Automotive Group by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,291,220 shares of the company’s stock valued at $132,702,000 after acquiring an additional 173,979 shares during the last quarter. CI Investments Inc. grew its stake in Penske Automotive Group by 21.7% in the 4th quarter. CI Investments Inc. now owns 1,212,661 shares of the company’s stock valued at $48,894,000 after acquiring an additional 216,600 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in Penske Automotive Group in the 1st quarter valued at about $29,360,000. Private Management Group Inc. grew its stake in Penske Automotive Group by 1.6% in the 1st quarter. Private Management Group Inc. now owns 605,809 shares of the company’s stock valued at $27,049,000 after acquiring an additional 9,558 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Penske Automotive Group by 15.3% in the 4th quarter. Bank of New York Mellon Corp now owns 518,606 shares of the company’s stock valued at $20,911,000 after acquiring an additional 68,836 shares during the last quarter. 44.10% of the stock is currently owned by institutional investors and hedge funds.
Penske Automotive Group Company Profile
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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