Penske Automotive Group, Inc. (NYSE:PAG) Shares Sold by Russell Investments Group Ltd.

Russell Investments Team Ltd. trimmed its stake in shares of Penske Automotive Group, Inc. (NYSE:PAG – Get Rating) by 9.3% for the duration of the very first quarter, according to its most the latest filing with the Securities and Exchange Commission (SEC). The fund owned 28,262 shares of the company’s inventory following offering 2,882 shares in the course of the quarter. Russell Investments Group Ltd.’s holdings in Penske Automotive Group had been well worth $2,654,000 at the finish of the most recent quarter.

Other substantial traders have also not long ago added to or diminished their stakes in the corporation. 1st Quadrant LLC CA bought a new place in Penske Automotive Group during the 1st quarter valued at $33,000. GHP Financial investment Advisors Inc. acquired a new position in Penske Automotive Team in the course of the 1st quarter valued at $54,000. Covestor Ltd acquired a new placement in Penske Automotive Group all through the 4th quarter valued at $55,000. Cullen Frost Bankers Inc. bought a new posture in Penske Automotive Group for the duration of the 4th quarter valued at $75,000. Last but not least, Quent Capital LLC bought a new place in Penske Automotive Group throughout the 4th quarter valued at $115,000. 50.13% of the stock is at this time owned by institutional buyers.

Wall Road Analyst Weigh In

A variety of research firms have commented on PAG. Morgan Stanley decreased their value objective on shares of Penske Automotive Team from $95.00 to $93.00 and set an “underweight” score on the inventory in a research observe on Thursday, July 14th. StockNews.com downgraded shares of Penske Automotive Team from a “strong-buy” ranking to a “buy” score in a investigation be aware on Monday, August 1st. A person investigate analyst has rated the inventory with a promote ranking, one has offered a hold rating and 3 have issued a obtain rating to the organization. In accordance to data from MarketBeat.com, the stock presently has a consensus score of “Hold” and a consensus rate concentrate on of $110.25.

Insider Exercise at Penske Automotive Group

In related news, Director John Barr bought 5,000 shares of Penske Automotive Group stock in a transaction dated Tuesday, August 2nd. The shares have been marketed at an normal value of $116.06, for a complete worth of $580,300.00. Subsequent the sale, the director now straight owns 3,683 shares in the enterprise, valued at roughly $427,448.98. The sale was disclosed in a lawful submitting with the SEC, which is available at the SEC web site. 46.60% of the inventory is at this time owned by insiders.

Penske Automotive Group Investing Down .3 %

Penske Automotive Team stock opened at $117.94 on Monday. The firm’s 50-working day transferring average is $111.34 and its 200-working day transferring average is $105.86. The firm has a personal debt-to-equity ratio of .33, a brief ratio of .26 and a present-day ratio of .98. Penske Automotive Team, Inc. has a 1 12 months lower of $83.48 and a 1 calendar year substantial of $123.60. The enterprise has a current market cap of $8.75 billion, a P/E ratio of 6.50 and a beta of 1.23.

Penske Automotive Group (NYSE:PAG – Get Rating) past posted its quarterly earnings results on Wednesday, July 27th. The firm reported $4.93 earnings for each share (EPS) for the quarter, topping analysts’ consensus estimates of $4.47 by $.46. Penske Automotive Team had a net margin of 5.28% and a return on equity of 34.68%. The company had revenue of $6.91 billion for the quarter, as opposed to the consensus estimate of $7.07 billion. For the duration of the identical period of time past year, the company posted $4.47 EPS. The company’s profits for the quarter was down 1.2% on a 12 months-above-12 months basis. On normal, equities analysts assume that Penske Automotive Team, Inc. will post 17.94 earnings for every share for the present calendar year.

Penske Automotive Team Raises Dividend

The firm also a short while ago disclosed a quarterly dividend, which will be paid out on Thursday, September 1st. Buyers of document on Wednesday, August 10th will be offered a $.53 dividend. The ex-dividend day is Tuesday, August 9th. This is an raise from Penske Automotive Group’s earlier quarterly dividend of $.50. This signifies a $2.12 annualized dividend and a produce of 1.80%. Penske Automotive Group’s dividend payout ratio (DPR) is at the moment 11.68%.

Penske Automotive Group Profile

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Penske Automotive Group, Inc, a diversified transportation providers enterprise, operates automotive and business truck dealerships. The firm operates through 4 segments: Retail Automotive, Retail Professional Truck, Other, and Non-Automotive Investments. It operates dealerships less than franchise agreements with various automotive manufacturers and distributors.

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