Paragon Capital Management Ltd Purchases 871 Shares of Penske Automotive Group, Inc. (NYSE:PAG)

Paragon Capital Management Ltd grew its position in Penske Automotive Group, Inc. (NYSE:PAG) by 12.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,708 shares of the company’s stock after buying an additional 871 shares during the quarter. Paragon Capital Management Ltd’s holdings in Penske Automotive Group were worth $311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Penske Automotive Group by 18.3% in the third quarter. BlackRock Inc. now owns 3,636,120 shares of the company’s stock worth $172,316,000 after purchasing an additional 562,334 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Penske Automotive Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 3,061,177 shares of the company’s stock worth $145,069,000 after purchasing an additional 53,146 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Penske Automotive Group by 1.8% in the third quarter. Vanguard Group Inc now owns 3,061,177 shares of the company’s stock worth $145,069,000 after purchasing an additional 53,146 shares in the last quarter. LSV Asset Management lifted its position in shares of Penske Automotive Group by 1.0% in the third quarter. LSV Asset Management now owns 2,725,134 shares of the company’s stock worth $129,144,000 after purchasing an additional 26,405 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Penske Automotive Group by 18.9% in the third quarter. Victory Capital Management Inc. now owns 2,605,712 shares of the company’s stock worth $123,485,000 after purchasing an additional 413,929 shares in the last quarter. Institutional investors own 43.32% of the company’s stock.

NYSE:PAG opened at $43.19 on Thursday. The company has a market capitalization of $3.75 billion, a PE ratio of 8.09, a PEG ratio of 1.67 and a beta of 1.37. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.21 and a current ratio of 1.01. Penske Automotive Group, Inc. has a 12 month low of $38.49 and a 12 month high of $53.84.

Penske Automotive Group (NYSE:PAG) last announced its quarterly earnings data on Thursday, February 7th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.05). The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.57 billion. Penske Automotive Group had a return on equity of 17.73% and a net margin of 2.07%. The company’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 EPS. Analysts predict that Penske Automotive Group, Inc. will post 5.7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Monday, February 11th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, February 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.52%. This is an increase from Penske Automotive Group’s previous quarterly dividend of $0.37. Penske Automotive Group’s payout ratio is currently 28.46%.

A number of analysts have recently issued reports on PAG shares. ValuEngine lowered shares of Penske Automotive Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Morgan Stanley raised their price objective on shares of Penske Automotive Group from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, November 14th. Finally, Seaport Global Securities assumed coverage on shares of Penske Automotive Group in a research report on Wednesday. They set a “buy” rating and a $61.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Penske Automotive Group has a consensus rating of “Hold” and an average target price of $58.00.

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Penske Automotive Group Company Profile

Penske Automotive Group, Inc operates as a transportation services company. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand.

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

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