Penske Automotive Group, Inc. (NYSE:PAG) Shares Bought by Nilsine Partners LLC

Nilsine Partners LLC lifted its holdings in Penske Automotive Group, Inc. (NYSE:PAGFree Report) by 10.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Sei Investments Co. lifted its holdings in Penske Automotive Group by 11.4% in the second quarter. Sei Investments Co. now owns 49,975 shares of the company’s stock worth $7,449,000 after acquiring an additional 5,098 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Penske Automotive Group by 7.6% in the 2nd quarter. Bank of Montreal Can now owns 3,662 shares of the company’s stock worth $553,000 after purchasing an additional 258 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Penske Automotive Group in the 2nd quarter worth approximately $313,000. Millennium Management LLC boosted its position in Penske Automotive Group by 9.1% during the 2nd quarter. Millennium Management LLC now owns 126,278 shares of the company’s stock valued at $18,818,000 after purchasing an additional 10,522 shares during the period. Finally, Susquehanna Fundamental Investments LLC grew its stake in Penske Automotive Group by 720.6% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 23,796 shares of the company’s stock worth $3,546,000 after buying an additional 20,896 shares during the last quarter. 77.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on PAG

Penske Automotive Group Stock Performance

Shares of NYSE PAG opened at $164.15 on Tuesday. 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 $10.96 billion, a PE ratio of 12.58 and a beta of 1.20. The stock has a 50 day simple moving average of $159.64 and a 200-day simple moving average of $159.51. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.22.

Penske Automotive Group (NYSE:PAGGet Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $3.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($0.02). The business had revenue of $7.59 billion for the quarter, compared to analyst estimates of $7.67 billion. Penske Automotive Group had a return on equity of 18.38% and a net margin of 2.91%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.90 EPS. On average, equities research analysts forecast that Penske Automotive Group, Inc. will post 13.53 EPS for the current year.

About Penske Automotive Group

(Free Report)

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.

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Institutional Ownership by Quarter for Penske Automotive Group (NYSE:PAG)

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