Penske Automotive Group, Inc. (NYSE:PAG) Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its holdings in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 28.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,221 shares of the company’s stock after buying an additional 269 shares during the period. Blue Trust Inc.’s holdings in Penske Automotive Group were worth $198,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Penske Automotive Group by 44.8% during the 4th quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock worth $40,000 after buying an additional 81 shares in the last quarter. True Wealth Design LLC increased its stake in shares of Penske Automotive Group by 14,833.3% during the third quarter. True Wealth Design LLC now owns 448 shares of the company’s stock valued at $73,000 after acquiring an additional 445 shares during the period. Transamerica Financial Advisors Inc. increased 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 valued at $74,000 after acquiring an additional 453 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Penske Automotive Group during the third quarter worth approximately $94,000. Finally, Capital Performance Advisors LLP acquired a new stake in Penske Automotive Group in the third quarter worth approximately $112,000. 77.08% of the stock is owned by institutional investors.

Penske Automotive Group Stock Up 3.0 %

PAG stock opened at $168.75 on Wednesday. The firm has a market cap of $11.27 billion, a PE ratio of 12.93 and a beta of 1.20. Penske Automotive Group, Inc. has a 12 month low of $142.32 and a 12 month high of $179.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.91 and a quick ratio of 0.20. The firm has a 50 day simple moving average of $160.01 and a 200 day simple moving average of $159.87.

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 investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Penske Automotive Group has an average rating of “Hold” and a consensus target price of $170.25.

Penske Automotive Group Company 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.