Nilsine Partners LLC Raises Position in Penske Automotive Group, Inc. (NYSE:PAG)

Nilsine Partners LLC increased its stake in Penske Automotive Group, Inc. (NYSE:PAG) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,561 shares of the company’s stock after buying an additional 1,636 shares during the quarter. Nilsine Partners LLC’s holdings in Penske Automotive Group were worth $2,677,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its position in Penske Automotive Group by 44.8% in the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock valued at $40,000 after acquiring an additional 81 shares in the last quarter. True Wealth Design LLC increased its stake in Penske Automotive Group by 14,833.3% during the 3rd quarter. True Wealth Design LLC now owns 448 shares of the company’s stock worth $73,000 after buying an additional 445 shares during the period. Transamerica Financial Advisors Inc. lifted its holdings in Penske Automotive Group by 45,300.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company’s stock worth $74,000 after buying an additional 453 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Penske Automotive Group in the 3rd quarter valued at about $94,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Penske Automotive Group during the third quarter valued at about $112,000. 77.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Penske Automotive Group Trading Up 2.0 %

NYSE PAG opened at $164.15 on Tuesday. The company’s fifty day moving average price is $159.64 and its two-hundred day moving average price is $159.51. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of 12.58 and a beta of 1.20. Penske Automotive Group, Inc. has a 12 month low of $142.32 and a 12 month high of $179.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.91 and a quick ratio of 0.20.

Penske Automotive Group (NYSE:PAG) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $3.39 EPS for the quarter, missing the consensus estimate of $3.41 by ($0.02). The company had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.67 billion. Penske Automotive Group had a return on equity of 18.38% and a net margin of 2.91%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.90 EPS. As a group, research analysts predict that Penske Automotive Group, Inc. will post 13.53 earnings per share for the current fiscal year.

Penske Automotive Group 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.