PAG has been the topic of a number of other research reports. Morgan Stanley cut GasLog Partners LP Unit from an overweight rating to an equal weight rating and decreased their price target for the stock from $23.00 to $18.00 in a research report on Tuesday, April 16th. Zacks Investment Research cut Hanger from a hold rating to a sell rating in a research report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Penske Automotive Group has a consensus rating of Hold and an average price target of $54.00.
Shares of NYSE PAG opened at $45.89 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.98 and a debt-to-equity ratio of 0.80. Penske Automotive Group has a 52 week low of $38.49 and a 52 week high of $53.84. The company has a market capitalization of $3.84 billion, a PE ratio of 8.59, a P/E/G ratio of 1.81 and a beta of 1.33. The stock has a fifty day moving average of $45.84.
In related news, EVP Shane M. Spradlin sold 2,656 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $44.05, for a total value of $116,996.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Robert H. Kurnick, Jr. sold 8,579 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.05, for a total value of $395,062.95. Following the completion of the sale, the president now directly owns 98,509 shares in the company, valued at $4,536,339.45. The disclosure for this sale can be found here. Company insiders own 42.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Blue Chip Partners Inc. boosted its stake in Penske Automotive Group by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 44,826 shares of the company’s stock valued at $2,001,000 after buying an additional 225 shares in the last quarter. Occidental Asset Management LLC boosted its stake in Penske Automotive Group by 6.8% in the fourth quarter. Occidental Asset Management LLC now owns 7,345 shares of the company’s stock valued at $296,000 after buying an additional 467 shares in the last quarter. CIBC World Markets Inc. boosted its stake in Penske Automotive Group by 3.5% in the first quarter. CIBC World Markets Inc. now owns 16,481 shares of the company’s stock valued at $736,000 after buying an additional 562 shares in the last quarter. Sageworth Trust Co acquired a new stake in Penske Automotive Group in the first quarter valued at about $27,000. Finally, Citigroup Inc. boosted its stake in Penske Automotive Group by 2.9% in the fourth quarter. Citigroup Inc. now owns 24,307 shares of the company’s stock valued at $980,000 after buying an additional 677 shares in the last quarter. 44.10% of the stock is currently owned by institutional investors and hedge funds.
Penske Automotive Group Company Profile
Penske Automotive Group, Inc operates as a transportation services company. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand.
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