Penske Automotive Group, Inc. (NYSE:PAG) Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC lessened its stake in Penske Automotive Group, Inc. (NYSE:PAG) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,138 shares of the company’s stock after selling 246 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Penske Automotive Group were worth $1,088,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PAG. GAMMA Investing LLC grew its stake in shares of Penske Automotive Group by 44.8% in the 4th 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 lifted 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 acquiring an additional 445 shares during the last quarter. Transamerica Financial Advisors Inc. lifted 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 acquiring an additional 453 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Penske Automotive Group in the third quarter worth approximately $94,000. Finally, Capital Performance Advisors LLP acquired a new stake in Penske Automotive Group during the third quarter worth $112,000. Hedge funds and other institutional investors own 77.08% of the company’s stock.

Penske Automotive Group Stock Performance

NYSE:PAG opened at $174.17 on Tuesday. The stock has a market capitalization of $11.63 billion, a P/E ratio of 13.35 and a beta of 1.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.20 and a current ratio of 0.91. Penske Automotive Group, Inc. has a fifty-two week low of $142.32 and a fifty-two week high of $180.12. The company has a 50 day moving average price of $160.69 and a 200 day moving average price of $160.34.

Penske Automotive Group (NYSE:PAG) last issued its quarterly earnings data on Thursday, February 13th. The company reported $3.54 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.17. Penske Automotive Group had a return on equity of 18.38% and a net margin of 2.91%. The business had revenue of $7.72 billion during the quarter, compared to analysts’ expectations of $7.56 billion. Equities research analysts forecast that Penske Automotive Group, Inc. will post 13.51 EPS for the current year.

Penske Automotive Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, February 24th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $1.19. This represents a $4.88 dividend on an annualized basis and a yield of 2.80%. Penske Automotive Group’s dividend payout ratio is 36.48%.

Wall Street Analysts Forecast Growth

Separately, Benchmark assumed 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 given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $170.25.

Penske Automotive Group 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.