Penske Automotive Group, Inc. (NYSE:PAG - Get Free Report) Director John Barr sold 1,529 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $155.45, for a total transaction of $237,683.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Penske Automotive Group Price Performance
Shares of NYSE:PAG opened at $148.24 on Friday. The company has a market capitalization of $9.89 billion, a P/E ratio of 10.78 and a beta of 1.24. 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 debt-to-equity ratio of 0.22, a quick ratio of 0.20 and a current ratio of 0.91. The company's 50-day moving average is $163.29 and its 200 day moving average is $160.58.
Penske Automotive Group (NYSE:PAG - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $3.54 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.17. Penske Automotive Group had a net margin of 3.02% and a return on equity of 18.05%. The company had revenue of $7.72 billion for the quarter, compared to analysts' expectations of $7.56 billion. On average, equities research analysts forecast that Penske Automotive Group, Inc. will post 13.86 earnings per share for the current year.
Penske Automotive Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Monday, February 24th were paid a $1.22 dividend. This is a positive change from Penske Automotive Group's previous quarterly dividend of $1.19. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.88 dividend on an annualized basis and a yield of 3.29%. Penske Automotive Group's dividend payout ratio (DPR) is presently 35.49%.
Analyst Upgrades and Downgrades
PAG has been the topic of a number of research reports. Stephens reissued an "equal weight" rating and issued a $165.00 price objective on shares of Penske Automotive Group in a research report on Tuesday, February 18th. StockNews.com upgraded shares of Penske Automotive Group from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. Benchmark assumed coverage on shares of Penske Automotive Group in a research note on Thursday, December 12th. They set a "buy" rating on the stock. Finally, JPMorgan Chase & Co. increased 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 note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $172.50.
Check Out Our Latest Research Report on PAG
Hedge Funds Weigh In On Penske Automotive Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in PAG. GAMMA Investing LLC increased its holdings in shares of Penske Automotive Group by 44.8% during 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. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Penske Automotive Group during the 4th quarter valued at about $40,000. True Wealth Design LLC increased its position in shares of Penske Automotive Group by 14,833.3% during 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 last quarter. Transamerica Financial Advisors Inc. grew its stake 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 valued at $74,000 after acquiring an additional 453 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Penske Automotive Group during the 4th quarter valued at approximately $76,000. Hedge funds and other institutional investors own 77.08% of the company's stock.
About Penske Automotive Group
(
Get Free Report)
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.
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