2,532 Shares in Penske Automotive Group, Inc. (NYSE:PAG) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in Penske Automotive Group, Inc. (NYSE:PAG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,532 shares of the company’s stock, valued at approximately $415,000.

Several other institutional investors have also recently bought and sold shares of PAG. International Assets Investment Management LLC bought a new stake in shares of Penske Automotive Group during the 2nd quarter valued at approximately $69,000. True Wealth Design LLC boosted its position in Penske Automotive Group by 14,833.3% in the third quarter. True Wealth Design LLC now owns 448 shares of the company’s stock valued at $73,000 after buying an additional 445 shares in the last quarter. Transamerica Financial Advisors Inc. grew 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 buying an additional 453 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Penske Automotive Group during the third quarter worth $112,000. Finally, Blue Trust Inc. lifted its stake in shares of Penske Automotive Group by 25.8% in the 3rd quarter. Blue Trust Inc. now owns 952 shares of the company’s stock valued at $142,000 after acquiring an additional 195 shares during the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PAG shares. Benchmark started coverage on Penske Automotive Group in a research report on Thursday, December 12th. They set a “buy” rating on the stock. JPMorgan Chase & Co. boosted their price target on Penske Automotive Group from $140.00 to $160.00 and gave the stock an “underweight” rating in a report on Tuesday, September 10th. Morgan Stanley raised Penske Automotive Group from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $115.00 to $180.00 in a research note on Wednesday, September 25th. Finally, Stephens started coverage on shares of Penske Automotive Group in a research report on Thursday, September 12th. They set an “equal weight” rating and a $161.00 target price on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Penske Automotive Group currently has an average rating of “Hold” and a consensus target price of $170.25.

Penske Automotive Group Stock Down 0.4 %

Shares of NYSE:PAG opened at $156.94 on Friday. The business has a fifty day simple moving average of $159.73 and a 200 day simple moving average of $158.07. Penske Automotive Group, Inc. has a 12-month low of $142.32 and a 12-month high of $179.72. The firm has a market cap of $10.48 billion, a P/E ratio of 12.03 and a beta of 1.18. 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 (NYSE:PAG) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $3.39 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same period in the prior year, the firm earned $3.90 earnings per share. Penske Automotive Group’s revenue was up 1.9% compared to the same quarter last year. Analysts predict that Penske Automotive Group, Inc. will post 13.5 earnings per share for the current year.

Penske Automotive Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were paid a $1.19 dividend. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $1.07. This represents a $4.76 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, November 15th. Penske Automotive Group’s dividend payout ratio is currently 36.48%.

Penske Automotive Group 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.