Penske Automotive Group, Inc. (NYSE:PAG) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 268,154 shares of the company’s stock after buying an additional 5,190 shares during the period. Charles Schwab Investment Management Inc. owned 0.33% of Penske Automotive Group worth $12,684,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PAG. Private Management Group Inc. lifted its stake in shares of Penske Automotive Group by 1.6% in the first quarter. Private Management Group Inc. now owns 605,809 shares of the company’s stock worth $27,049,000 after buying an additional 9,558 shares in the last quarter. CIBC World Markets Inc. lifted its stake in shares of Penske Automotive Group by 3.5% in the first quarter. CIBC World Markets Inc. now owns 16,481 shares of the company’s stock worth $736,000 after buying an additional 562 shares in the last quarter. First Republic Investment Management Inc. lifted its stake in shares of Penske Automotive Group by 0.8% in the second quarter. First Republic Investment Management Inc. now owns 38,448 shares of the company’s stock worth $1,819,000 after buying an additional 319 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Penske Automotive Group by 24.8% in the second quarter. Janus Henderson Group PLC now owns 10,632 shares of the company’s stock worth $503,000 after buying an additional 2,111 shares in the last quarter. Finally, Martingale Asset Management L P purchased a new position in shares of Penske Automotive Group in the first quarter worth about $314,000. 42.70% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Shane M. Spradlin sold 2,500 shares of Penske Automotive Group stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $48.55, for a total value of $121,375.00. Following the completion of the transaction, the executive vice president now owns 41,982 shares in the company, valued at $2,038,226.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.60% of the company’s stock.

Shares of PAG traded up $0.85 during trading on Friday, reaching $44.08. 424,875 shares of the company traded hands, compared to its average volume of 279,953. Penske Automotive Group, Inc. has a twelve month low of $38.49 and a twelve month high of $49.28. The stock has a market cap of $3.51 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 1.46 and a beta of 1.30. The stock has a 50-day simple moving average of $44.75 and a 200-day simple moving average of $45.16. The company has a quick ratio of 0.21, a current ratio of 0.98 and a debt-to-equity ratio of 0.80.

Penske Automotive Group (NYSE:PAG) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.17). The business had revenue of $5.76 billion during the quarter, compared to analyst estimates of $5.90 billion. Penske Automotive Group had a net margin of 2.00% and a return on equity of 16.56%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 EPS. On average, equities research analysts predict that Penske Automotive Group, Inc. will post 5.27 EPS for the current year.

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Penske Automotive Group from $54.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Northcoast Research restated a “buy” rating on shares of Penske Automotive Group in a research report on Thursday, August 1st. Finally, ValuEngine cut shares of Penske Automotive Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Penske Automotive Group has an average rating of “Hold” and an average price target of $53.75.

Penske Automotive Group Profile

Penske Automotive Group, Inc operates as a transportation services company. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand.

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Institutional Ownership by Quarter for Penske Automotive Group (NYSE:PAG)

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