Fenimore Asset Management Inc. raised its holdings in Penske Automotive Group, Inc. (NYSE:PAG) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 436,581 shares of the company’s stock after purchasing an additional 32,060 shares during the quarter. Fenimore Asset Management Inc. owned 0.51% of Penske Automotive Group worth $17,603,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Ffcm LLC purchased a new stake in Penske Automotive Group in the third quarter valued at $126,000. Tower Research Capital LLC TRC boosted its holdings in Penske Automotive Group by 243.7% in the third quarter. Tower Research Capital LLC TRC now owns 2,801 shares of the company’s stock valued at $133,000 after purchasing an additional 1,986 shares during the last quarter. Trilogy Capital Inc. purchased a new stake in Penske Automotive Group in the third quarter valued at $198,000. Bridgewater Associates LP purchased a new stake in Penske Automotive Group in the second quarter valued at $205,000. Finally, Janus Henderson Group PLC purchased a new stake in Penske Automotive Group in the second quarter valued at $215,000. 43.04% of the stock is currently owned by institutional investors.
Shares of PAG stock traded up $0.68 during mid-day trading on Friday, hitting $45.80. 118,626 shares of the stock were exchanged, compared to its average volume of 399,897. The company has a quick ratio of 0.22, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. Penske Automotive Group, Inc. has a 52-week low of $38.49 and a 52-week high of $54.83. The firm has a market cap of $3.85 billion, a P/E ratio of 10.63, a PEG ratio of 1.84 and a beta of 1.33.
Penske Automotive Group (NYSE:PAG) last posted its earnings results on Thursday, October 25th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.04. Penske Automotive Group had a net margin of 3.09% and a return on equity of 17.76%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.86 billion. On average, analysts anticipate that Penske Automotive Group, Inc. will post 5.38 earnings per share for the current fiscal year.
Several equities research analysts have commented on PAG shares. Guggenheim lowered shares of Penske Automotive Group from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a report on Friday, September 21st. Zacks Investment Research lowered shares of Penske Automotive Group from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. ValuEngine lowered shares of Penske Automotive Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. Finally, Morgan Stanley increased their target price on shares of Penske Automotive Group from $61.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, November 14th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.80.
Penske Automotive Group Company Profile
Penske Automotive Group, Inc operates as a transportation services company. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand.
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