Private Management Group Inc. Reduces Stake in Penske Automotive Group, Inc. (NYSE:PAG)

Private Management Group Inc. trimmed its position in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 187,430 shares of the company’s stock after selling 2,221 shares during the quarter. Private Management Group Inc. owned approximately 0.28% of Penske Automotive Group worth $28,572,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Chicago Partners Investment Group LLC raised its stake in shares of Penske Automotive Group by 2.2% during the 4th quarter. Chicago Partners Investment Group LLC now owns 7,675 shares of the company’s stock worth $1,171,000 after buying an additional 163 shares during the last quarter. Highland Capital Management LLC purchased a new position in Penske Automotive Group during the 4th quarter valued at about $240,000. Nilsine Partners LLC raised its position in Penske Automotive Group by 10.3% during the fourth quarter. Nilsine Partners LLC now owns 17,561 shares of the company’s stock worth $2,677,000 after acquiring an additional 1,636 shares during the last quarter. KBC Group NV lifted its holdings in shares of Penske Automotive Group by 33.5% in the fourth quarter. KBC Group NV now owns 749 shares of the company’s stock valued at $114,000 after purchasing an additional 188 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Penske Automotive Group by 28.3% in the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock valued at $198,000 after purchasing an additional 269 shares during the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.

Penske Automotive Group Trading Up 1.0 %

Shares of PAG stock opened at $170.25 on Thursday. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 13.05 and a beta of 1.20. 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 firm has a 50-day moving average price of $160.08 and a 200 day moving average price of $159.94. Penske Automotive Group, Inc. has a twelve month low of $142.32 and a twelve month high of $179.72.

Wall Street Analysts Forecast Growth

Separately, Benchmark assumed coverage on 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 assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $170.25.

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.