Baker Ellis Asset Management LLC Sells 300 Shares of Penske Automotive Group, Inc. (NYSE:PAG)

Baker Ellis Asset Management LLC trimmed its stake in Penske Automotive Group, Inc. (NYSE:PAG) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,500 shares of the company’s stock after selling 300 shares during the period. Baker Ellis Asset Management LLC’s holdings in Penske Automotive Group were worth $229,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PAG. CIBC Asset Management Inc grew its position in Penske Automotive Group by 3.7% during the third quarter. CIBC Asset Management Inc now owns 1,946 shares of the company’s stock valued at $316,000 after acquiring an additional 69 shares during the last quarter. Applied Capital LLC FL grew its position in Penske Automotive Group by 0.4% during the third quarter. Applied Capital LLC FL now owns 21,176 shares of the company’s stock valued at $3,439,000 after acquiring an additional 77 shares during the last quarter. GAMMA Investing LLC grew its position in Penske Automotive Group by 44.8% during the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock valued at $40,000 after acquiring an additional 81 shares during the last quarter. Quantinno Capital Management LP grew its position in Penske Automotive Group by 0.5% during the third quarter. Quantinno Capital Management LP now owns 16,648 shares of the company’s stock valued at $2,704,000 after acquiring an additional 82 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its position in Penske Automotive Group by 5.2% during the third quarter. Ashton Thomas Private Wealth LLC now owns 1,708 shares of the company’s stock valued at $277,000 after acquiring an additional 84 shares during the last quarter. 77.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Penske Automotive Group Stock Performance

NYSE:PAG opened at $162.11 on Friday. The firm has a market cap of $10.82 billion, a PE ratio of 12.42 and a beta of 1.20. Penske Automotive Group, Inc. has a fifty-two week low of $142.32 and a fifty-two week high of $179.72. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.20 and a current ratio of 0.91. The business has a 50 day moving average price of $159.55 and a 200-day moving average price of $159.11.

Penske Automotive Group (NYSE:PAG) last released its quarterly earnings data on Tuesday, October 29th. The company reported $3.39 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($0.02). The company had revenue of $7.59 billion for the quarter, compared to analysts’ expectations of $7.67 billion. Penske Automotive Group had a net margin of 2.91% and a return on equity of 18.38%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $3.90 EPS. Equities research analysts predict that Penske Automotive Group, Inc. will post 13.53 earnings per share for the current 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.