Penske Automotive Group, Inc. (NYSE:PAG) Director John Barr Sells 1,529 Shares of Stock

Penske Automotive Group, Inc. (NYSE:PAG) Director John Barr sold 1,529 shares of Penske Automotive Group stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $155.45, for a total transaction of $237,683.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Penske Automotive Group Trading Down 0.5 %

Shares of Penske Automotive Group stock opened at $148.24 on Friday. Penske Automotive Group, Inc. has a 52-week low of $142.32 and a 52-week high of $180.12. The company has a quick ratio of 0.20, a current ratio of 0.91 and a debt-to-equity ratio of 0.22. The company’s 50-day simple moving average is $163.29 and its 200-day simple moving average is $160.58. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 10.78 and a beta of 1.24.

Penske Automotive Group (NYSE:PAG) last released its quarterly earnings data on Thursday, February 13th. The company reported $3.54 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.17. The firm had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.56 billion. Penske Automotive Group had a net margin of 3.02% and a return on equity of 18.05%. As a group, equities research analysts anticipate 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. Shareholders of record on Monday, February 24th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Penske Automotive Group’s previous quarterly dividend of $1.19. Penske Automotive Group’s dividend payout ratio is 35.49%.

Hedge Funds Weigh In On Penske Automotive Group

A number of institutional investors have recently modified their holdings of PAG. GAMMA Investing LLC increased its position in Penske Automotive Group by 44.8% during the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock worth $40,000 after purchasing an additional 81 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Penske Automotive Group in the fourth quarter worth $40,000. True Wealth Design LLC increased its position in shares of Penske Automotive Group by 14,833.3% in the third quarter. True Wealth Design LLC now owns 448 shares of the company’s stock worth $73,000 after acquiring an additional 445 shares in the last quarter. Transamerica Financial Advisors Inc. increased its position in shares of Penske Automotive Group by 45,300.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company’s stock worth $74,000 after acquiring an additional 453 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Penske Automotive Group in the fourth quarter worth $76,000. Institutional investors and hedge funds own 77.08% of the company’s stock.

Analyst Ratings Changes

PAG has been the topic of several research analyst reports. Stephens reiterated an “equal weight” rating and set a $165.00 price target on shares of Penske Automotive Group in a research note on Tuesday, February 18th. Benchmark began coverage on shares of Penske Automotive Group in a research note on Thursday, December 12th. They set a “buy” rating on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Penske Automotive Group from $160.00 to $165.00 and gave the company an “underweight” rating in a research note on Wednesday, February 19th. Finally, StockNews.com upgraded shares of Penske Automotive Group from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $172.50.

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.