Quent Capital LLC Sells 115 Shares of Penske Automotive Group, Inc. (NYSE:PAG)

Quent Capital LLC trimmed its stake in Penske Automotive Group, Inc. (NYSE:PAG) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,546 shares of the company’s stock after selling 115 shares during the period. Quent Capital LLC’s holdings in Penske Automotive Group were worth $236,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Empowered Funds LLC grew its position in Penske Automotive Group by 21.4% during the fourth quarter. Empowered Funds LLC now owns 2,771 shares of the company’s stock valued at $422,000 after acquiring an additional 489 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Penske Automotive Group by 2.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 7,675 shares of the company’s stock valued at $1,171,000 after purchasing an additional 163 shares during the period. Highland Capital Management LLC purchased a new stake in shares of Penske Automotive Group during the fourth quarter valued at approximately $240,000. Nilsine Partners LLC boosted its stake in shares of Penske Automotive Group by 10.3% during the fourth quarter. Nilsine Partners LLC now owns 17,561 shares of the company’s stock valued at $2,677,000 after purchasing an additional 1,636 shares during the period. Finally, KBC Group NV boosted its stake in shares of Penske Automotive Group by 33.5% during the fourth quarter. KBC Group NV now owns 749 shares of the company’s stock valued at $114,000 after purchasing an additional 188 shares during the period. 77.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark started coverage on Penske Automotive Group in a research note on Thursday, December 12th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $170.25.

Penske Automotive Group Stock Performance

Shares of PAG stock opened at $164.61 on Thursday. The stock has a fifty day moving average of $160.03 and a 200 day moving average of $160.25. Penske Automotive Group, Inc. has a 52 week low of $142.32 and a 52 week high of $179.72. The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of 12.61 and a beta of 1.20. The company has a quick ratio of 0.20, a current ratio of 0.91 and a debt-to-equity ratio of 0.22.

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.