Trust Co. of Vermont Sells 191 Shares of Penske Automotive Group, Inc. (NYSE:PAG)

Trust Co. of Vermont trimmed its position in Penske Automotive Group, Inc. (NYSE:PAG) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 24,872 shares of the company’s stock after selling 191 shares during the quarter. Trust Co. of Vermont’s holdings in Penske Automotive Group were worth $3,791,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of Penske Automotive Group by 31.1% during the 2nd quarter. AQR Capital Management LLC now owns 417,932 shares of the company’s stock valued at $62,280,000 after buying an additional 99,164 shares in the last quarter. Millennium Management LLC raised its position in Penske Automotive Group by 9.1% in the second quarter. Millennium Management LLC now owns 126,278 shares of the company’s stock worth $18,818,000 after acquiring an additional 10,522 shares during the period. Citigroup Inc. grew its holdings in Penske Automotive Group by 4.1% during the 3rd quarter. Citigroup Inc. now owns 63,548 shares of the company’s stock valued at $10,321,000 after buying an additional 2,475 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Penske Automotive Group by 12,674.5% during the third quarter. International Assets Investment Management LLC now owns 59,146 shares of the company’s stock worth $9,606,000 after buying an additional 58,683 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Penske Automotive Group by 11.4% in the second quarter. Sei Investments Co. now owns 49,975 shares of the company’s stock valued at $7,449,000 after acquiring an additional 5,098 shares in the last quarter. Institutional investors own 77.08% of the company’s stock.

Penske Automotive Group Stock Up 0.3 %

NYSE PAG traded up $0.42 during trading on Friday, hitting $160.12. 219,342 shares of the company traded hands, compared to its average volume of 152,250. Penske Automotive Group, Inc. has a 12 month low of $142.32 and a 12 month high of $179.72. The business has a fifty day simple moving average of $159.55 and a 200 day simple moving average of $158.69. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $10.69 billion, a P/E ratio of 12.27 and a beta of 1.20.

Penske Automotive Group (NYSE:PAG) last released its quarterly earnings data 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 company had revenue of $7.59 billion during the quarter, compared to the consensus estimate of $7.67 billion. Penske Automotive Group had a net margin of 2.91% and a return on equity of 18.38%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.90 earnings per share. As a group, sell-side analysts predict that Penske Automotive Group, Inc. will post 13.5 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on PAG. Morgan Stanley upgraded Penske Automotive Group from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $115.00 to $180.00 in a research report on Wednesday, September 25th. Benchmark assumed coverage on Penske Automotive Group in a research note on Thursday, December 12th. They issued a “buy” rating on the stock. One equities 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.