Russell Investments Group Ltd. reduce its holdings in Penske Automotive Group, Inc. (NYSE:PAG – Get Ranking) by 9.3% through the first quarter, based on the corporate in its most up-to-date Kind 13F submitting with the SEC. The agency owned 28,262 shares of the corporate’s inventory after promoting 2,882 shares through the quarter. Russell Investments Group Ltd.’s holdings in Penske Automotive Group had been value $2,654,00Zero as of its most up-to-date submitting with the SEC.

Different institutional traders additionally lately purchased and bought shares of the corporate. First Quadrant LLC CA acquired a brand new place in Penske Automotive Group within the first quarter valued at $33,000. GHP Funding Advisors Inc. acquired a brand new place in shares of Penske Automotive Group through the first quarter value about $54,000. Covestor Ltd acquired a brand new place in shares of Penske Automotive Group through the fourth quarter value about $55,000. Cullen Frost Bankers Inc. acquired a brand new place in shares of Penske Automotive Group through the fourth quarter value about $75,000. Lastly, Quent Capital LLC acquired a brand new place in shares of Penske Automotive Group through the fourth quarter value about $115,000. 50.13% of the inventory is at present owned by institutional traders and hedge funds.

Penske Automotive Group Inventory Efficiency

Shares of PAG opened at $117.94 on Monday. The corporate has a debt-to-equity ratio of 0.33, a fast ratio of 0.26 and a present ratio of 0.98. The corporate has a market capitalization of $8.75 billion, a price-to-earnings ratio of 6.50 and a beta of 1.23. The corporate’s 50 day easy transferring common is $111.34 and its 200 day easy transferring common is $105.86. Penske Automotive Group, Inc. has a 1 yr low of $83.48 and a 1 yr excessive of $123.60.

Penske Automotive Group (NYSE:PAG – Get Ranking) final introduced its quarterly earnings knowledge on Wednesday, July 27th. The corporate reported $4.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.47 by $0.46. The enterprise had income of $6.91 billion for the quarter, in comparison with the consensus estimate of $7.07 billion. Penske Automotive Group had a web margin of 5.28% and a return on fairness of 34.68%. The corporate’s quarterly income was down 1.2% in comparison with the identical quarter final yr. Throughout the identical quarter within the prior yr, the agency posted $4.47 earnings per share. On common, sell-side analysts predict that Penske Automotive Group, Inc. will put up 17.94 EPS for the present yr.

Penske Automotive Group Will increase Dividend

The enterprise additionally lately declared a quarterly dividend, which might be paid on Thursday, September 1st. Shareholders of file on Wednesday, August 10th might be paid a dividend of $0.53 per share. The ex-dividend date is Tuesday, August ninth. This represents a $2.12 dividend on an annualized foundation and a yield of 1.80%. This is a rise from Penske Automotive Group’s earlier quarterly dividend of $0.50. Penske Automotive Group’s dividend payout ratio (DPR) is at present 11.68%.

Analysts Set New Value Targets

Numerous analysis analysts have lately issued experiences on the inventory. Morgan Stanley dropped their value goal on shares of Penske Automotive Group from $95.00 to $93.00 and set an “underweight” ranking on the inventory in a analysis be aware on Thursday, July 14th. StockNews.com lowered shares of Penske Automotive Group from a “strong-buy” ranking to a “purchase” ranking in a analysis report on Monday, August 1st. One analysis analyst has rated the inventory with a promote ranking, one has assigned a maintain ranking and three have given a purchase ranking to the corporate’s inventory. In line with knowledge from MarketBeat, Penske Automotive Group at present has a consensus ranking of “Maintain” and a consensus value goal of $110.25.

Insiders Place Their Bets

In different Penske Automotive Group information, Director John Barr bought 5,00Zero shares of the inventory in a transaction that occurred on Tuesday, August 2nd. The shares had been bought at a median value of $116.06, for a complete transaction of $580,300.00. Following the transaction, the director now owns 3,683 shares of the corporate’s inventory, valued at $427,448.98. The transaction was disclosed in a authorized submitting with the SEC, which is accessible via the SEC web site. 46.60% of the inventory is at present owned by insiders.

Penske Automotive Group Firm Profile

(Get Ranking)

Penske Automotive Group, Inc, a diversified transportation providers firm, operates automotive and business truck dealerships. The corporate operates via 4 segments: Retail Automotive, Retail Business Truck, Different, and Non-Automotive Investments. It operates dealerships beneath franchise agreements with numerous automotive producers and distributors.

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