TrueMark Investments LLC Purchases Shares of 4,035 Penske Automotive Group, Inc. $PAG

TrueMark Investments LLC acquired a new position in shares of Penske Automotive Group, Inc. (NYSE:PAG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,035 shares of the company’s stock, valued at approximately $639,000.

Other large investors have also recently made changes to their positions in the company. Rothschild Investment LLC increased its position in shares of Penske Automotive Group by 935.3% during the third quarter. Rothschild Investment LLC now owns 176 shares of the company’s stock worth $31,000 after acquiring an additional 159 shares in the last quarter. Root Financial Partners LLC bought a new position in Penske Automotive Group in the 3rd quarter valued at about $33,000. Acadian Asset Management LLC acquired a new position in Penske Automotive Group during the 1st quarter valued at about $42,000. Smartleaf Asset Management LLC boosted its stake in Penske Automotive Group by 237.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 310 shares of the company’s stock valued at $54,000 after purchasing an additional 218 shares during the last quarter. Finally, Clearstead Advisors LLC increased its holdings in Penske Automotive Group by 36.1% during the 3rd quarter. Clearstead Advisors LLC now owns 441 shares of the company’s stock worth $77,000 after purchasing an additional 117 shares in the last quarter. 77.08% of the stock is owned by institutional investors.

Penske Automotive Group Trading Down 0.2%

NYSE:PAG opened at $148.08 on Tuesday. Penske Automotive Group, Inc. has a 52 week low of $134.05 and a 52 week high of $189.51. The firm has a 50-day moving average price of $157.77 and a two-hundred day moving average price of $162.93. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.22 and a current ratio of 0.99. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 1.56 and a beta of 0.90.

Penske Automotive Group (NYSE:PAG) last released its earnings results on Wednesday, February 11th. The company reported $2.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.19 by ($0.28). The business had revenue of $7.77 billion during the quarter, compared to the consensus estimate of $7.62 billion. Penske Automotive Group had a net margin of 2.91% and a return on equity of 15.77%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.54 earnings per share. On average, equities analysts expect that Penske Automotive Group, Inc. will post 13.86 earnings per share for the current fiscal year.

Penske Automotive Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Wednesday, February 25th were paid a $1.40 dividend. This is a boost from Penske Automotive Group’s previous quarterly dividend of $1.38. The ex-dividend date was Wednesday, February 25th. This represents a $5.60 dividend on an annualized basis and a yield of 3.8%. Penske Automotive Group’s dividend payout ratio is currently 41.48%.

Analyst Ratings Changes

Several analysts have recently commented on PAG shares. Bank of America assumed coverage on Penske Automotive Group in a research note on Tuesday, December 9th. They issued a “buy” rating and a $195.00 price objective for the company. Weiss Ratings cut Penske Automotive Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 16th. JPMorgan Chase & Co. decreased their price target on Penske Automotive Group from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Friday, March 20th. Barclays increased their price target on Penske Automotive Group from $190.00 to $195.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Penske Automotive Group in a report on Monday, December 8th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $183.71.

About Penske Automotive Group

Penske Automotive Group, Inc (NYSE: PAG), headquartered in Bloomfield Township, Michigan, is an international transportation services company primarily focused on automotive and commercial truck dealerships. The company retails new and pre-owned vehicles across a broad spectrum of brands, while offering parts, maintenance, collision repair and reconditioning services. In addition, Penske provides financing and insurance products through its integrated finance and insurance operations, supporting both retail customers and commercial clients.

Formed in 1990 as United Auto Group and publicly traded since 1999, Penske Automotive Group has grown through organic expansion and strategic acquisitions to establish a network of dealerships and service centers across the United States and Europe.