Quent Capital LLC Sells 115 Shares of Penske Automotive Group, Inc. (NYSE:PAG)

Quent Capital LLC lessened its holdings in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,546 shares of the company’s stock after selling 115 shares during the quarter. Quent Capital LLC’s holdings in Penske Automotive Group were worth $236,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PAG. Creative Planning grew its stake in shares of Penske Automotive Group by 10.3% in the 2nd quarter. Creative Planning now owns 1,927 shares of the company’s stock worth $287,000 after acquiring an additional 180 shares in the last quarter. Kapitalo Investimentos Ltda boosted its holdings in shares of Penske Automotive Group by 98.5% in the 3rd quarter. Kapitalo Investimentos Ltda now owns 3,373 shares of the company’s stock worth $548,000 after buying an additional 1,674 shares during the last quarter. Applied Capital LLC FL boosted its holdings in shares of Penske Automotive Group by 0.4% in the 3rd quarter. Applied Capital LLC FL now owns 21,176 shares of the company’s stock worth $3,439,000 after buying an additional 77 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Penske Automotive Group in the 3rd quarter worth about $309,000. Finally, Blue Trust Inc. boosted its holdings in shares of Penske Automotive Group by 25.8% in the 3rd quarter. Blue Trust Inc. now owns 952 shares of the company’s stock worth $142,000 after buying an additional 195 shares during the last quarter. Institutional investors own 77.08% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark assumed coverage on shares of Penske Automotive Group in a report on Thursday, December 12th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.25.

Penske Automotive Group Trading Down 0.6 %

Shares of Penske Automotive Group stock opened at $164.61 on Thursday. Penske Automotive Group, Inc. has a 12-month low of $142.32 and a 12-month high of $179.72. The company has a market cap of $10.99 billion, a price-to-earnings ratio of 12.61 and a beta of 1.20. 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’s 50-day moving average price is $160.03 and its 200-day moving average price is $160.25.

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.