US Bancorp DE Has $225,000 Holdings in Penske Automotive Group, Inc. (NYSE:PAG)

US Bancorp DE lessened its position in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,476 shares of the company’s stock after selling 77 shares during the period. US Bancorp DE’s holdings in Penske Automotive Group were worth $225,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Penske Automotive Group by 44.8% in the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock valued at $40,000 after buying an additional 81 shares during the period. True Wealth Design LLC increased its holdings 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 purchasing an additional 445 shares during the period. Transamerica Financial Advisors Inc. increased its holdings in Penske Automotive Group by 45,300.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $74,000 after purchasing an additional 453 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Penske Automotive Group during the 3rd quarter worth about $94,000. Finally, KBC Group NV grew its holdings in Penske Automotive Group by 33.5% during the 4th quarter. KBC Group NV now owns 749 shares of the company’s stock worth $114,000 after acquiring an additional 188 shares during the period. Institutional investors own 77.08% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on PAG. JPMorgan Chase & Co. increased their price objective on shares of Penske Automotive Group from $160.00 to $165.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 19th. StockNews.com raised shares of Penske Automotive Group from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Benchmark initiated coverage on shares of Penske Automotive Group in a research note on Thursday, December 12th. They set a “buy” rating for the company. Finally, Stephens reiterated an “equal weight” rating and issued a $165.00 price objective on shares of Penske Automotive Group in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Penske Automotive Group has a consensus rating of “Moderate Buy” and a consensus price target of $172.50.

Insider Activity at Penske Automotive Group

In other news, Director John Barr sold 1,529 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $155.45, for a total value of $237,683.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Claude H. Denker III sold 8,746 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was 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 in the company, valued at approximately $5,003,508.51. This represents a 23.22 % decrease in their position. The disclosure for this sale can be found here. 51.70% of the stock is owned by corporate insiders.

Penske Automotive Group Stock Performance

NYSE PAG opened at $148.24 on Friday. Penske Automotive Group, Inc. has a 52-week low of $142.32 and a 52-week high of $180.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.20 and a current ratio of 0.91. The company has a market capitalization of $9.89 billion, a P/E ratio of 10.78 and a beta of 1.24. The company has a fifty day moving average of $163.29 and a 200-day moving average of $160.58.

Penske Automotive Group (NYSE:PAG) last posted its quarterly earnings results on Thursday, February 13th. The company reported $3.54 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.17. Penske Automotive Group had a net margin of 3.02% and a return on equity of 18.05%. The business had revenue of $7.72 billion during the quarter, compared to the consensus estimate of $7.56 billion. As a group, equities research analysts predict that Penske Automotive Group, Inc. will post 13.86 EPS for the current fiscal year.

Penske Automotive Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Monday, February 24th were given a dividend of $1.22 per share. The ex-dividend date was Monday, February 24th. This represents a $4.88 annualized dividend and a dividend yield of 3.29%. This is a boost from Penske Automotive Group’s previous quarterly dividend of $1.19. Penske Automotive Group’s payout ratio is currently 35.49%.

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.