Penske Automotive Group, Inc. (NYSE:PAG) Stock Position Decreased by EMC Capital Management

EMC Capital Management trimmed its stake in Penske Automotive Group, Inc. (NYSE:PAG) by 93.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,372 shares of the company’s stock after selling 19,839 shares during the quarter. EMC Capital Management’s holdings in Penske Automotive Group were worth $209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Highland Capital Management LLC purchased a new position in Penske Automotive Group in the 4th quarter worth about $240,000. Nilsine Partners LLC increased its position in shares of Penske Automotive Group by 10.3% in 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 in the last quarter. KBC Group NV increased its position 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 worth $114,000 after acquiring an additional 188 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Penske Automotive Group by 28.3% during the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock valued at $198,000 after acquiring an additional 269 shares during the period. Finally, Applied Capital LLC FL lifted its position in shares of Penske Automotive Group by 2.0% in the 4th quarter. Applied Capital LLC FL now owns 21,600 shares of the company’s stock valued at $3,293,000 after acquiring an additional 424 shares in the last quarter. 77.08% of the stock is owned by institutional investors and hedge funds.

Penske Automotive Group Stock Up 2.2 %

PAG stock opened at $168.57 on Friday. The company has a 50 day moving average of $160.08 and a two-hundred day moving average of $159.69. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 12.92 and a beta of 1.20. Penske Automotive Group, Inc. has a 12-month low of $142.32 and a 12-month high of $179.72. The company has a quick ratio of 0.20, a current ratio of 0.91 and a debt-to-equity ratio of 0.22.

Penske Automotive Group (NYSE:PAG) last issued its earnings results on Tuesday, October 29th. The company reported $3.39 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($0.02). The firm had revenue of $7.59 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $3.90 EPS. On average, equities analysts anticipate that Penske Automotive Group, Inc. will post 13.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Benchmark began coverage on Penske Automotive Group in a research report on Thursday, December 12th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.