Penske Automotive Group, Inc. (NYSE:PAG) Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC increased its stake in Penske Automotive Group, Inc. (NYSE:PAG) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,813 shares of the company’s stock after buying an additional 668 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Penske Automotive Group were worth $2,057,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Invesco Ltd. grew its position in Penske Automotive Group by 164.3% in the third quarter. Invesco Ltd. now owns 292,758 shares of the company’s stock valued at $48,908,000 after acquiring an additional 181,995 shares in the last quarter. Bank of New York Mellon Corp grew its position in Penske Automotive Group by 43.3% in the third quarter. Bank of New York Mellon Corp now owns 289,854 shares of the company’s stock valued at $48,423,000 after acquiring an additional 87,590 shares in the last quarter. Hennessy Advisors Inc. grew its position in Penske Automotive Group by 28.9% in the third quarter. Hennessy Advisors Inc. now owns 162,400 shares of the company’s stock valued at $27,131,000 after acquiring an additional 36,400 shares in the last quarter. Northern Trust Corp grew its position in Penske Automotive Group by 47.4% in the third quarter. Northern Trust Corp now owns 136,995 shares of the company’s stock valued at $22,886,000 after acquiring an additional 44,044 shares in the last quarter. Finally, UBS Group AG grew its position in Penske Automotive Group by 127.5% in the third quarter. UBS Group AG now owns 84,740 shares of the company’s stock valued at $14,157,000 after acquiring an additional 47,488 shares in the last quarter. 77.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Penske Automotive Group

In other Penske Automotive Group news, Director John Barr sold 1,600 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $154.05, for a total value of $246,480.00. Following the sale, the director now directly owns 716 shares in the company, valued at $110,299.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Greg C. Smith sold 1,604 shares of Penske Automotive Group stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $149.38, for a total transaction of $239,605.52. Following the sale, the director now directly owns 51,001 shares in the company, valued at $7,618,529.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Barr sold 1,600 shares of Penske Automotive Group stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $154.05, for a total transaction of $246,480.00. Following the sale, the director now owns 716 shares in the company, valued at $110,299.80. The disclosure for this sale can be found here. 52.20% of the stock is currently owned by company insiders.

Penske Automotive Group Stock Performance

PAG traded up $3.42 during trading hours on Tuesday, hitting $152.44. 90,799 shares of the stock were exchanged, compared to its average volume of 196,943. The stock has a 50-day simple moving average of $152.99 and a 200-day simple moving average of $152.80. Penske Automotive Group, Inc. has a 12 month low of $133.72 and a 12 month high of $180.84. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 9.85 and a beta of 1.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 0.25.

Penske Automotive Group (NYSE:PAG) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $3.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.66 by ($0.21). Penske Automotive Group had a return on equity of 24.19% and a net margin of 3.57%. The firm had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $7.18 billion. During the same quarter last year, the business earned $4.21 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts anticipate that Penske Automotive Group, Inc. will post 13.8 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Penske Automotive Group from $107.00 to $115.00 and gave the company an “underweight” rating in a research report on Thursday, February 29th. Bank of America raised their price target on shares of Penske Automotive Group from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $163.20.

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.