Penske Automotive Group, Inc. (NYSE:PAG) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC increased its stake in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 36.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 39,569 shares of the company’s stock after purchasing an additional 10,663 shares during the quarter. Janus Henderson Group PLC’s holdings in Penske Automotive Group were worth $6,426,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp increased its position in shares of Penske Automotive Group by 32.2% during the second quarter. Fifth Third Bancorp now owns 374 shares of the company’s stock worth $56,000 after purchasing an additional 91 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Penske Automotive Group during the 2nd quarter worth approximately $69,000. True Wealth Design LLC increased its position in Penske Automotive Group by 14,833.3% during the third quarter. True Wealth Design LLC now owns 448 shares of the company’s stock worth $73,000 after buying an additional 445 shares during the period. Transamerica Financial Advisors Inc. lifted its stake 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 buying an additional 453 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Penske Automotive Group in the third quarter valued at approximately $112,000. 77.08% of the stock is owned by hedge funds and other institutional investors.

Penske Automotive Group Stock Performance

NYSE:PAG opened at $164.07 on Tuesday. The firm has a market cap of $10.95 billion, a price-to-earnings ratio of 12.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.91 and a quick ratio of 0.20. Penske Automotive Group, Inc. has a 1-year low of $142.32 and a 1-year high of $179.72. The firm’s fifty day moving average price is $158.72 and its 200 day moving average price is $157.34.

Penske Automotive Group (NYSE:PAG) last issued its earnings results on Tuesday, October 29th. The company reported $3.39 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($0.02). The firm had revenue of $7.59 billion during the quarter, compared to analysts’ expectations of $7.67 billion. Penske Automotive Group had a net margin of 2.91% and a return on equity of 18.38%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.90 EPS. On average, sell-side analysts expect that Penske Automotive Group, Inc. will post 13.5 EPS for the current year.

Penske Automotive Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were paid a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.90%. This is an increase from Penske Automotive Group’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Friday, November 15th. Penske Automotive Group’s dividend payout ratio is 36.48%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PAG shares. Morgan Stanley raised shares of Penske Automotive Group from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $115.00 to $180.00 in a report on Wednesday, September 25th. JPMorgan Chase & Co. upped their target price on shares of Penske Automotive Group from $140.00 to $160.00 and gave the company an “underweight” rating in a report on Tuesday, September 10th. Finally, Stephens assumed coverage on Penske Automotive Group in a report on Thursday, September 12th. They set an “equal weight” rating and a $161.00 price target on the stock.

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.