EMC Capital Management cut its stake in Penske Automotive Group, Inc. (NYSE:PAG – Free Report) by 93.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,372 shares of the company’s stock after selling 19,839 shares during the period. EMC Capital Management’s holdings in Penske Automotive Group were worth $209,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Penske Automotive Group by 44.8% during the 4th quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock valued at $40,000 after purchasing an additional 81 shares in the last quarter. True Wealth Design LLC lifted its holdings in Penske Automotive Group by 14,833.3% in the third quarter. True Wealth Design LLC now owns 448 shares of the company’s stock valued at $73,000 after acquiring an additional 445 shares during the period. Transamerica Financial Advisors Inc. boosted its holdings 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 buying an additional 453 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Penske Automotive Group during the 3rd quarter valued at $94,000. Finally, Capital Performance Advisors LLP purchased a new stake in Penske Automotive Group in the third quarter worth about $112,000. 77.08% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Benchmark began coverage on shares of Penske Automotive Group in a research report on Thursday, December 12th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $170.25.
Penske Automotive Group Stock Up 2.2 %
Shares of NYSE PAG opened at $168.57 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $11.26 billion, a PE ratio of 12.92 and a beta of 1.20. The stock’s fifty day simple moving average is $160.08 and its two-hundred day simple moving average is $159.69. Penske Automotive Group, Inc. has a 12-month low of $142.32 and a 12-month high of $179.72.
Penske Automotive Group (NYSE:PAG – Get Free Report) last issued its 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). Penske Automotive Group had a return on equity of 18.38% and a net margin of 2.91%. The firm had revenue of $7.59 billion during the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter last year, the business earned $3.90 EPS. The business’s revenue was up 1.9% on a year-over-year basis. As a group, analysts expect that Penske Automotive Group, Inc. will post 13.53 EPS 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.
Featured Stories
- Five stocks we like better than Penske Automotive Group
- Investing in Commodities: What Are They? How to Invest in Them
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- How to buy stock: A step-by-step guide for beginners
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
Want to see what other hedge funds are holding PAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Penske Automotive Group, Inc. (NYSE:PAG – Free Report).
Receive News & Ratings for Penske Automotive Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penske Automotive Group and related companies with MarketBeat.com's FREE daily email newsletter.