KBC Group NV Increases Stock Holdings in Penske Automotive Group, Inc. (NYSE:PAG)

KBC Group NV boosted its stake in Penske Automotive Group, Inc. (NYSE:PAG) by 33.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 749 shares of the company’s stock after acquiring an additional 188 shares during the quarter. KBC Group NV’s holdings in Penske Automotive Group were worth $114,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PAG. Janus Henderson Group PLC boosted its stake in shares of Penske Automotive Group by 36.9% in the third quarter. Janus Henderson Group PLC now owns 39,569 shares of the company’s stock worth $6,426,000 after acquiring an additional 10,663 shares during the last quarter. Cerity Partners LLC grew its holdings in Penske Automotive Group by 176.1% in the 3rd quarter. Cerity Partners LLC now owns 13,333 shares of the company’s stock valued at $2,166,000 after buying an additional 8,504 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Penske Automotive Group by 28.3% in the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $198,000 after acquiring an additional 269 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Penske Automotive Group by 188.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,981 shares of the company’s stock worth $1,134,000 after purchasing an additional 4,559 shares during the period. Finally, Merit Financial Group LLC acquired a new position in Penske Automotive Group in the 4th quarter valued at about $287,000. Hedge funds and other institutional investors own 77.08% of the company’s stock.

Penske Automotive Group Trading Down 1.3 %

Shares of NYSE PAG opened at $165.82 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $11.07 billion, a PE ratio of 12.71 and a beta of 1.20. Penske Automotive Group, Inc. has a twelve month low of $142.32 and a twelve month high of $179.72. The stock has a fifty day simple moving average of $160.10 and a 200-day simple moving average of $159.99.

Wall Street Analyst Weigh In

Separately, Benchmark initiated coverage on Penske Automotive Group in a research note on Thursday, December 12th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $170.25.

About Penske Automotive Group

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.