Denali Advisors LLC Has $681,000 Position in Penske Automotive Group, Inc. (NYSE:PAG)

Denali Advisors LLC trimmed its position in Penske Automotive Group, Inc. (NYSE:PAG) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,465 shares of the company’s stock after selling 298 shares during the quarter. Denali Advisors LLC’s holdings in Penske Automotive Group were worth $681,000 at the end of the most recent reporting period.

Several other large 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 fourth quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock valued at $40,000 after acquiring an additional 81 shares in the last quarter. True Wealth Design LLC boosted its holdings in Penske Automotive Group by 14,833.3% in the 3rd 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. grew its position in shares of Penske Automotive Group by 45,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company’s stock worth $74,000 after purchasing an additional 453 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Penske Automotive Group during the third quarter worth approximately $94,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Penske Automotive Group in the third quarter valued at approximately $112,000. Institutional investors own 77.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Stephens reissued an “equal weight” rating and set a $165.00 price target on shares of Penske Automotive Group in a research report on Tuesday, February 18th. StockNews.com raised Penske Automotive Group from a “hold” rating to a “buy” rating in a report on Monday. Benchmark started coverage on Penske Automotive Group in a research report on Thursday, December 12th. They issued a “buy” rating on the stock. Finally, JPMorgan Chase & Co. upped 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $172.50.

Insider Buying and Selling at Penske Automotive Group

In other news, EVP Claude H. Denker III sold 8,746 shares of the company’s stock in a transaction on Friday, February 14th. The shares were 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 directly owns 28,917 shares in the company, valued at approximately $5,003,508.51. This represents a 23.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 51.70% of the company’s stock.

Penske Automotive Group Trading Down 0.0 %

Shares of PAG opened at $167.43 on Thursday. 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 52-week low of $142.32 and a 52-week high of $180.12. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 12.18 and a beta of 1.20. The business’s fifty day moving average is $161.39 and its 200-day moving average is $160.63.

Penske Automotive Group (NYSE:PAG) last released its earnings results on Thursday, February 13th. The company reported $3.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.17. The firm had revenue of $7.72 billion for the quarter, compared to analysts’ expectations of $7.56 billion. Penske Automotive Group had a return on equity of 18.05% and a net margin of 3.02%. Equities analysts anticipate that Penske Automotive Group, Inc. will post 13.86 EPS for the current fiscal year.

Penske Automotive Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, February 24th will be paid a $1.22 dividend. This is an increase from Penske Automotive Group’s previous quarterly dividend of $1.19. The ex-dividend date is Monday, February 24th. This represents a $4.88 annualized dividend and a yield of 2.91%. Penske Automotive Group’s dividend payout ratio is presently 35.49%.

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.