Penske Automotive Group, Inc. (NYSE:PAG) Stock Position Raised by Bruni J V & Co. Co.

Bruni J V & Co. Co. lifted its stake in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 200,142 shares of the company’s stock after acquiring an additional 3,738 shares during the quarter. Penske Automotive Group comprises 3.5% of Bruni J V & Co. Co.’s holdings, making the stock its 13th biggest position. Bruni J V & Co. Co.’s holdings in Penske Automotive Group were worth $30,510,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Wealthspire Advisors LLC boosted its stake in shares of Penske Automotive Group by 2.4% during the 4th quarter. Wealthspire Advisors LLC now owns 2,738 shares of the company’s stock worth $417,000 after acquiring an additional 63 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Penske Automotive Group by 3.7% in the third quarter. CIBC Asset Management Inc now owns 1,946 shares of the company’s stock worth $316,000 after buying an additional 69 shares during the period. Blue Chip Partners LLC boosted its position in shares of Penske Automotive Group by 0.7% in the fourth quarter. Blue Chip Partners LLC now owns 10,606 shares of the company’s stock worth $1,617,000 after buying an additional 73 shares during the period. GAMMA Investing LLC boosted its position in shares of Penske Automotive Group by 44.8% in the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock worth $40,000 after buying an additional 81 shares during the period. Finally, Quantinno Capital Management LP boosted its position in shares of Penske Automotive Group by 0.5% in the third quarter. Quantinno Capital Management LP now owns 16,648 shares of the company’s stock worth $2,704,000 after buying an additional 82 shares during the period. 77.08% of the stock is owned by institutional investors.

Insider Buying and Selling at Penske Automotive Group

In other Penske Automotive Group news, EVP Claude H. Denker III sold 8,746 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $173.03, for a total transaction of $1,513,320.38. Following the transaction, the executive vice president now directly owns 28,917 shares in the company, valued at $5,003,508.51. This trade represents a 23.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 51.70% of the company’s stock.

Penske Automotive Group Price Performance

PAG opened at $168.67 on Friday. The stock has a market cap of $11.26 billion, a price-to-earnings ratio of 12.27 and a beta of 1.20. Penske Automotive Group, Inc. has a 1 year low of $142.32 and a 1 year high of $180.12. 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 fifty day moving average price of $161.56 and a 200 day moving average price of $160.66.

Penske Automotive Group (NYSE:PAG) last released its quarterly earnings data on Thursday, February 13th. The company reported $3.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.17. The firm had revenue of $7.72 billion during the quarter, compared to analysts’ expectations of $7.56 billion. Penske Automotive Group had a return on equity of 18.05% and a net margin of 3.02%. Analysts forecast that Penske Automotive Group, Inc. will post 13.86 EPS for the current fiscal year.

Penske Automotive Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, February 24th will be issued a dividend of $1.22 per share. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $1.19. This represents a $4.88 annualized dividend and a yield of 2.89%. The ex-dividend date is Monday, February 24th. Penske Automotive Group’s dividend payout ratio (DPR) is 35.49%.

Analysts Set New Price Targets

PAG has been the subject of several recent analyst reports. StockNews.com raised Penske Automotive Group from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Benchmark initiated coverage on Penske Automotive Group in a research report on Thursday, December 12th. They issued a “buy” rating for the company. Stephens reaffirmed an “equal weight” rating and issued a $165.00 target price on shares of Penske Automotive Group in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their target price on Penske Automotive Group from $160.00 to $165.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $172.50.

About Penske Automotive Group

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.