Chicago Partners Investment Group LLC Raises Stock Holdings in Penske Automotive Group, Inc. (NYSE:PAG)

Chicago Partners Investment Group LLC increased its stake in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 7,675 shares of the company’s stock after buying an additional 163 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Penske Automotive Group were worth $1,171,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in shares of Penske Automotive Group by 36.9% during the third quarter. Janus Henderson Group PLC now owns 39,569 shares of the company’s stock worth $6,426,000 after buying an additional 10,663 shares in the last quarter. Cerity Partners LLC grew its stake in Penske Automotive Group by 176.1% in the 3rd quarter. Cerity Partners LLC now owns 13,333 shares of the company’s stock worth $2,166,000 after acquiring an additional 8,504 shares during the period. Highland Capital Management LLC acquired a new position in Penske Automotive Group in the 4th quarter valued at $240,000. Millennium Management LLC lifted its stake in shares of Penske Automotive Group by 9.1% during the 2nd quarter. Millennium Management LLC now owns 126,278 shares of the company’s stock worth $18,818,000 after purchasing an additional 10,522 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Penske Automotive Group by 188.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,981 shares of the company’s stock worth $1,134,000 after purchasing an additional 4,559 shares during the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.

Analyst Upgrades and Downgrades

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

Penske Automotive Group Stock Down 1.5 %

Shares of NYSE PAG opened at $165.69 on Monday. The stock has a market capitalization of $11.06 billion, a PE ratio of 12.70 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. The firm has a fifty day moving average of $160.11 and a 200-day moving average of $159.73. Penske Automotive Group, Inc. has a 52-week low of $142.32 and a 52-week high of $179.72.

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.