Penske Automotive Group, Inc. (NYSE:PAG) Stock Holdings Increased by Blue Chip Partners LLC

Blue Chip Partners LLC grew its position in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,606 shares of the company’s stock after buying an additional 73 shares during the period. Blue Chip Partners LLC’s holdings in Penske Automotive Group were worth $1,617,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Penske Automotive Group by 44.8% during the 4th quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock valued at $40,000 after acquiring an additional 81 shares in the last quarter. True Wealth Design LLC boosted its holdings in Penske Automotive Group by 14,833.3% in the third quarter. True Wealth Design LLC now owns 448 shares of the company’s stock worth $73,000 after purchasing an additional 445 shares during the period. Transamerica Financial Advisors Inc. increased its stake in Penske Automotive Group by 45,300.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $74,000 after purchasing an additional 453 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Penske Automotive Group during the third quarter worth $94,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Penske Automotive Group in the 3rd quarter worth about $112,000. Institutional investors and hedge funds own 77.08% of the company’s stock.

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 for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Penske Automotive Group currently has an average rating of “Hold” and a consensus price target of $170.25.

Penske Automotive Group Price Performance

Shares of NYSE PAG opened at $174.17 on Monday. Penske Automotive Group, Inc. has a 1-year low of $142.32 and a 1-year high of $180.12. The firm has a market capitalization of $11.63 billion, a PE ratio of 13.35 and a beta of 1.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.91 and a quick ratio of 0.20. The business’s fifty day moving average price is $160.49 and its two-hundred day moving average price is $160.32.

Penske Automotive Group (NYSE:PAG) last issued its quarterly earnings data on Thursday, February 13th. The company reported $3.54 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.17. Penske Automotive Group had a net margin of 2.91% and a return on equity of 18.38%. The firm had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.56 billion. On average, research analysts expect that Penske Automotive Group, Inc. will post 13.51 EPS for the current year.

Penske Automotive Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, February 24th will be paid a dividend of $1.22 per share. The ex-dividend date is Monday, February 24th. This represents a $4.88 annualized dividend and a yield of 2.80%. This is an increase from Penske Automotive Group’s previous quarterly dividend of $1.19. Penske Automotive Group’s payout ratio is presently 36.48%.

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.