Applied Capital LLC FL Has $3.29 Million Holdings in Penske Automotive Group, Inc. (NYSE:PAG)

Applied Capital LLC FL boosted its holdings in Penske Automotive Group, Inc. (NYSE:PAG) by 2.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,600 shares of the company’s stock after acquiring an additional 424 shares during the quarter. Penske Automotive Group accounts for approximately 2.6% of Applied Capital LLC FL’s portfolio, making the stock its 7th largest position. Applied Capital LLC FL’s holdings in Penske Automotive Group were worth $3,293,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Inspire Investing LLC lifted its holdings in Penske Automotive Group by 7.8% during the fourth quarter. Inspire Investing LLC now owns 6,164 shares of the company’s stock worth $940,000 after acquiring an additional 445 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Penske Automotive Group by 19.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 55,767 shares of the company’s stock valued at $8,501,000 after purchasing an additional 9,199 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Penske Automotive Group by 18.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 25,916 shares of the company’s stock valued at $3,951,000 after purchasing an additional 4,000 shares during the period. Merit Financial Group LLC acquired a new stake in Penske Automotive Group during the 4th quarter worth approximately $287,000. Finally, GAMMA Investing LLC lifted its stake in Penske Automotive Group by 44.8% in the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock valued at $40,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Penske Automotive Group Trading Down 0.8 %

Penske Automotive Group stock opened at $161.07 on Friday. The company has a market cap of $10.75 billion, a price-to-earnings ratio of 12.34 and a beta of 1.20. The firm has a 50-day moving average of $159.57 and a 200-day moving average of $159.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.91 and a quick ratio of 0.20. Penske Automotive Group, Inc. has a one year low of $142.32 and a one year high of $179.72.

Penske Automotive Group (NYSE:PAG) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $3.39 EPS for the quarter, missing the consensus estimate of $3.41 by ($0.02). The company had revenue of $7.59 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted $3.90 earnings per share. On average, equities analysts expect that Penske Automotive Group, Inc. will post 13.53 earnings per share for the current fiscal year.

Penske Automotive Group Company 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.