Denali Advisors LLC amplified its holdings in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 1.6% in the 4th quarter, according to its most recent Variety 13F submitting with the Securities and Trade Commission. The institutional investor owned 17,479 shares of the company’s stock just after purchasing an further 279 shares all through the quarter. Denali Advisors LLC’s holdings in Penske Automotive Group had been value $1,038,000 at the conclude of the most modern reporting time period.
Other institutional buyers and hedge cash have also modified their holdings of the business. Founders Capital Management bought a new position in Penske Automotive Team in the 4th quarter well worth about $30,000. Non-public Advisor Team LLC bought a new stake in shares of Penske Automotive Team in the course of the second quarter valued at close to $79,000. Great West Existence Assurance Co. Can lifted its holdings in shares of Penske Automotive Team by 16.8% in the third quarter. Good West Daily life Assurance Co. Can now owns 2,870 shares of the company’s inventory worth $137,000 immediately after obtaining an further 413 shares in the last quarter. Selective Wealth Administration Inc. boosted its posture in shares of Penske Automotive Team by 48.8% for the duration of the third quarter. Selective Prosperity Management Inc. now owns 3,050 shares of the company’s stock worth $145,000 immediately after getting an added 1,000 shares throughout the past quarter. Eventually, Comerica Bank bought a new placement in shares of Penske Automotive Team for the duration of the 3rd quarter really worth $216,000. 38.14% of the inventory is currently owned by institutional traders.
Many brokerages have commented on PAG. Financial institution of The united states boosted their value concentrate on on shares of Penske Automotive Team from $70.00 to $75.00 and gave the stock a “buy” score in a study be aware on Tuesday, November 17th. Benchmark lifted their goal selling price on Penske Automotive Group from $70.00 to $84.00 and gave the stock a “buy” ranking in a report on Friday, October 23rd. Morgan Stanley amplified their selling price goal on Penske Automotive Group from $49.00 to $76.00 and gave the corporation an “overweight” score in a analysis observe on Monday, December 7th. Seaport World-wide Securities started protection on Penske Automotive Group in a research take note on Monday, Oct 19th. They issued a “buy” rating and a $60.00 value objective on the stock. Ultimately, Zacks Financial investment Exploration cut Penske Automotive Group from a “strong-buy” ranking to a “hold” rating and set a $59.00 price tag objective on the stock. in a report on Wednesday, December 23rd. 4 investigate analysts have rated the inventory with a keep rating and 6 have issued a invest in rating to the inventory. The company now has an regular ranking of “Buy” and an typical rate target of $60.73.
NYSE:PAG opened at $66.09 on Friday. The firm has a sector capitalization of $5.31 billion, a value-to-earnings ratio of 11.97, a PEG ratio of 1.34 and a beta of 1.61. Penske Automotive Team, Inc. has a 1 calendar year minimal of $19.99 and a 1 year higher of $66.84. The enterprise has a 50 day easy shifting typical of $59.73 and a 200-working day uncomplicated relocating common of $52.64. The corporation has a financial debt-to-equity ratio of .72, a existing ratio of 1.06 and a brief ratio of .28.
Penske Automotive Group (NYSE:PAG) past unveiled its earnings outcomes on Thursday, October 22nd. The organization claimed $2.87 earnings for every share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $1.28. The firm experienced profits of $5.97 billion for the quarter, in comparison to the consensus estimate of $5.58 billion. Penske Automotive Team had a return on equity of 15.09% and a web margin of 2.17%. The company’s income for the quarter was up .1% compared to the similar quarter last year. Through the exact quarter in the previous calendar year, the corporation posted $1.42 EPS. As a group, analysts count on that Penske Automotive Group, Inc. will put up 6.2 earnings for every share for the recent fiscal 12 months.
Penske Automotive Group Profile
Penske Automotive Team, Inc, a diversified transportation solutions enterprise, operates automotive and industrial truck dealerships. The corporation operates by way of four segments: Retail Automotive, Retail Industrial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with a variety of automotive manufacturers and distributors.
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