Penske Automotive Group, Inc. (PAG) Shares Sold by LPL Financial LLC

LPL Financial LLC lowered its stake in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 23.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,286 shares of the company’s stock after selling 4,364 shares during the period. LPL Financial LLC’s holdings in Penske Automotive Group were worth $576,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Penske Automotive Group by 1.8% during 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 during the period. United Services Automobile Association increased its position in shares of Penske Automotive Group by 131.0% during the third quarter. United Services Automobile Association now owns 13,312 shares of the company’s stock valued at $631,000 after acquiring an additional 7,550 shares in the last quarter. LSV Asset Management increased its position in shares of Penske Automotive Group by 0.8% during the fourth quarter. LSV Asset Management now owns 2,746,859 shares of the company’s stock valued at $110,753,000 after acquiring an additional 21,725 shares in the last quarter. Vanguard Group Inc increased its position in shares of Penske Automotive Group by 1.8% during the third quarter. Vanguard Group Inc now owns 3,061,177 shares of the company’s stock valued at $145,069,000 after acquiring an additional 53,146 shares in the last quarter. Finally, Man Group plc increased its position in shares of Penske Automotive Group by 49.6% during the third quarter. Man Group plc now owns 100,946 shares of the company’s stock valued at $4,783,000 after acquiring an additional 33,453 shares in the last quarter. Hedge funds and other institutional investors own 44.05% of the company’s stock.

Shares of PAG traded down $0.33 on Monday, hitting $45.66. 419,000 shares of the stock traded hands, compared to its average volume of 485,401. The company has a market capitalization of $3.82 billion, a P/E ratio of 8.52, a price-to-earnings-growth ratio of 1.83 and a beta of 1.36. The company has a quick ratio of 0.21, a current ratio of 1.01 and a debt-to-equity ratio of 0.81. Penske Automotive Group, Inc. has a one year low of $38.49 and a one year high of $53.84.

Penske Automotive Group (NYSE:PAG) last posted its earnings results on Thursday, February 7th. The company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.05). Penske Automotive Group had a return on equity of 17.73% and a net margin of 2.07%. The company had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period last year, the firm posted $1.01 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. On average, sell-side analysts expect that Penske Automotive Group, Inc. will post 5.59 EPS for the current year.

In other Penske Automotive Group news, Director John Barr sold 5,000 shares of Penske Automotive Group stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $44.31, for a total value of $221,550.00. Following the completion of the sale, the director now owns 18,000 shares of the company’s stock, valued at approximately $797,580. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 42.60% of the company’s stock.

Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Penske Automotive Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Seaport Global Securities assumed coverage on shares of Penske Automotive Group in a research report on Wednesday, February 13th. They set a “buy” rating and a $61.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Penske Automotive Group in a research report on Tuesday, February 19th. They set a “neutral” rating and a $51.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $56.83.

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Penske Automotive Group 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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