2 weeks Ago By Defense World Staff
LPL Financial LLC lifted its stake in Penske Automotive Group, Inc. (NYSE:PAG – Free Report) by 48.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor owned 9,638 shares of the company’s stock after purchasing an additional 3,124 shares during the quarter. LPL Financial LLC’s holdings in Penske Automotive Group were worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors also recently modified their holdings of PAG.
Moran Wealth Management LLC bought a new stake in shares of Penske Automotive Group during the 4th quarter worth about $14,157,000. Bank of New York Mellon Corp boosted its stake in shares of Penske Automotive Group by 24.4% in the 4th quarter.
Bank of New York Mellon Corp now owns 263,571 shares of the company’s stock valued at $40,179,000 after purchasing an additional 51,720 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Penske Automotive Group by 17.
4% in the 4th quarter. American Century Companies Inc. now owns 259,513 shares of the company’s stock worth $39,560,000 after acquiring an additional 38,388 shares in the last quarter.
Victory Capital Management Inc. raised its holdings in shares of Penske Automotive Group by 174.9% in the fourth quarter.
Victory Capital Management Inc. now owns 40,998 shares of the company’s stock valued at $6,250,000 after buying an additional 26,085 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Penske Automotive Group during the fourth quarter valued at approximately $3,765,000.
Institutional investors and hedge funds own 77.08% of the company’s stock. Penske Automotive Group Trading Up 1.
4 %PAG opened at $151.74 on Friday. The company has a quick ratio of 0.
20, a current ratio of 0.91 and a debt-to-equity ratio of 0.22.
Penske Automotive Group, Inc. has a twelve month low of $134.05 and a twelve month high of $180.
12. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 11.
04 and a beta of 1.03. The company has a 50-day simple moving average of $156.
70 and a 200 day simple moving average of $158.26. Penske Automotive Group (NYSE:PAG – Get Free Report) last issued its earnings results on Thursday, February 13th.
The company reported $3.54 EPS for the quarter, topping the consensus estimate of $3.37 by $0.
17. Penske Automotive Group had a return on equity of 18.05% and a net margin of 3.
02%. The firm had revenue of $7.72 billion during the quarter, compared to the consensus estimate of $7.
56 billion. Analysts predict that Penske Automotive Group, Inc. will post 13.
86 EPS for the current fiscal year. Penske Automotive Group Increases DividendThe business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, February 24th were given a $1.
22 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.
88 dividend on an annualized basis and a yield of 3.22%. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $1.
19. Penske Automotive Group’s dividend payout ratio (DPR) is currently 35.49%.
Insiders Place Their BetsIn other news, Director John Barr sold 1,529 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $155.45, for a total transaction of $237,683.
05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Claude H.
Denker III sold 8,746 shares of the firm’s stock in a transaction that occurred on 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 owns 28,917 shares of the company’s stock, valued at approximately $5,003,508.51.
This trade represents a 23.22 % decrease in their position. The disclosure for this sale can be found here.
Insiders own 51.70% of the company’s stock. Analyst Upgrades and DowngradesSeveral research analysts have recently issued reports on the stock.
Stephens reaffirmed an “equal weight” rating and issued a $165.00 target price on shares of Penske Automotive Group in a research note on Tuesday, February 18th. StockNews.
com cut shares of Penske Automotive Group from a “buy” rating to a “hold” rating in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Penske Automotive Group from $165.
00 to $140.00 and set an “underweight” rating for the company in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock.
According to data from MarketBeat, Penske Automotive Group presently has an average rating of “Hold” and a consensus price target of $166.25.View Our Latest Report on Penske Automotive GroupPenske Automotive Group Company Profile (Free Report)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.Featured ArticlesFive stocks we like better than Penske Automotive GroupWhat is the FTSE 100 index? Tariff Exemptions Set the Stage for a Taiwan Semiconductor RallyThe Significance of a Trillion-Dollar Market Cap Goes Beyond a NumberMitigating Tariffs: 3 Stocks to Gain From a Weaker U.
S. DollarStock Market Sectors: What Are They and How Many Are There? Broadcom’s Apple Relationship: AI Opportunity Meets Tariff RiskWant to see what other hedge funds are holding PAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Penske Automotive Group, Inc.
(NYSE:PAG – Free Report)..
