Independent Solutions Wealth Management LLC Buys Shares of 16,734 Penske Automotive Group, Inc. $PAG

Independent Solutions Wealth Management LLC purchased a new stake in Penske Automotive Group, Inc. (NYSE:PAG) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 16,734 shares of the company’s stock, valued at approximately $2,649,000.

Several other hedge funds have also recently modified their holdings of the business. Navalign LLC purchased a new position in Penske Automotive Group during the fourth quarter valued at approximately $26,000. International Assets Investment Management LLC bought a new position in Penske Automotive Group in the fourth quarter worth approximately $30,000. Rothschild Investment LLC lifted its holdings in 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 buying an additional 159 shares during the period. Root Financial Partners LLC purchased a new stake in Penske Automotive Group during the third quarter worth $33,000. Finally, Acadian Asset Management LLC bought a new stake in Penske Automotive Group during the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 77.08% of the company’s stock.

Analysts Set New Price Targets

PAG has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Penske Automotive Group from $165.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $190.00 price objective on shares of Penske Automotive Group in a research report on Thursday, May 7th. Weiss Ratings lowered Penske Automotive Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th. Stephens boosted their target price on shares of Penske Automotive Group from $155.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Finally, Citigroup increased their price target on shares of Penske Automotive Group from $193.00 to $199.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $184.86.

Penske Automotive Group Price Performance

NYSE PAG opened at $162.24 on Friday. The firm’s fifty day simple moving average is $156.18 and its two-hundred day simple moving average is $160.38. The firm has a market capitalization of $10.67 billion, a P/E ratio of 12.11, a P/E/G ratio of 2.10 and a beta of 0.90. The company has a current ratio of 0.96, a quick ratio of 0.22 and a debt-to-equity ratio of 0.39. Penske Automotive Group, Inc. has a 12-month low of $140.12 and a 12-month high of $189.51.

Penske Automotive Group (NYSE:PAG) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.91 by $0.14. The firm had revenue of $7.86 billion during the quarter, compared to analyst estimates of $7.71 billion. Penske Automotive Group had a return on equity of 15.13% and a net margin of 2.85%.The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.66 EPS. Analysts forecast that Penske Automotive Group, Inc. will post 13.44 EPS for the current fiscal year.

Penske Automotive Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 26th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 3.5%. This is a boost from Penske Automotive Group’s previous quarterly dividend of $1.40. The ex-dividend date is Tuesday, May 26th. Penske Automotive Group’s dividend payout ratio (DPR) is 41.79%.

Penske Automotive Group News Summary

Here are the key news stories impacting Penske Automotive Group this week:

• Positive Sentiment: Penske Automotive Group was highlighted as one of four companies that recently increased dividends, a sign management remains committed to returning cash to shareholders amid economic uncertainty. 4 Stocks in Focus That Announced Dividend Hikes Amid Economic Uncertainties
• Neutral Sentiment: Zacks Research nudged its FY2026 earnings estimate to $13.43 per share, essentially in line with the $13.44 consensus, suggesting no major near-term surprise in the forecast.
• Negative Sentiment: Zacks Research trimmed multiple future EPS estimates for Penske Automotive Group, including Q2 2026, Q3 2026, Q1 2027, Q2 2027, Q3 2027, Q1 2028, and FY2028, signaling slightly softer expectations for profit growth.

Penske Automotive Group Profile

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.