Linden Thomas Advisory Services LLC Has $2.06 Million Position in Penske Automotive Group, Inc. (NYSE:PAG)

Linden Thomas Advisory Services LLC increased its position in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,813 shares of the company’s stock after purchasing an additional 668 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Penske Automotive Group were worth $2,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Duality Advisers LP bought a new position in Penske Automotive Group during the 4th quarter worth $352,000. Xponance Inc. increased its stake in Penske Automotive Group by 8.4% during the 4th quarter. Xponance Inc. now owns 3,022 shares of the company’s stock worth $485,000 after acquiring an additional 234 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Penske Automotive Group by 9.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,295 shares of the company’s stock worth $689,000 after acquiring an additional 359 shares during the period. Cookson Peirce & Co. Inc. increased its stake in Penske Automotive Group by 23.7% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 2,009 shares of the company’s stock worth $322,000 after acquiring an additional 385 shares during the period. Finally, Strs Ohio increased its stake in Penske Automotive Group by 18.5% during the 4th quarter. Strs Ohio now owns 13,314 shares of the company’s stock worth $2,137,000 after acquiring an additional 2,079 shares during the period. 77.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Penske Automotive Group Price Performance

PAG stock traded up $3.42 during midday trading on Tuesday, reaching $152.44. 90,799 shares of the stock were exchanged, compared to its average volume of 196,943. The stock has a market capitalization of $10.22 billion, a PE ratio of 9.85 and a beta of 1.19. Penske Automotive Group, Inc. has a 52 week low of $133.72 and a 52 week high of $180.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 0.25. The company has a fifty day moving average price of $152.99 and a 200 day moving average price of $152.80.

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

Insider Buying and Selling

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

About Penske Automotive Group

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.