Selective Prosperity Administration Inc. raised its placement in Penske Automotive Team, Inc. (NYSE:PAG) by 19.7% in the fourth quarter, Holdings Channel.com reviews. The institutional investor owned 3,650 shares of the company’s stock just after paying for an added 600 shares all through the interval. Selective Prosperity Management Inc.’s holdings in Penske Automotive Group ended up worth $217,000 as of its most current submitting with the Securities and Exchange Commission.
Other hedge cash have also just lately acquired and marketed shares of the corporation. Denali Advisors LLC enhanced its holdings in shares of Penske Automotive Team by 1.6% in the 4th quarter. Denali Advisors LLC now owns 17,479 shares of the company’s inventory valued at $1,038,000 following acquiring an additional 279 shares in the course of the interval. Founders Capital Management bought a new position in Penske Automotive Team for the duration of the 4th quarter worth $30,000. Burke & Herbert Financial institution & Trust Co. acquired a new position in Penske Automotive Group in the fourth quarter valued at $238,000. Condition of Alaska Office of Earnings obtained a new position in Penske Automotive Team in the fourth quarter valued at $236,000. Lastly, Strs Ohio raised its holdings in shares of Penske Automotive Team by 1.3% in the third quarter. Strs Ohio now owns 22,683 shares of the company’s inventory valued at $1,081,000 immediately after getting an added 293 shares in the course of the very last quarter. 38.14% of the stock is owned by institutional traders and hedge funds.
Quite a few brokerages lately issued experiences on PAG. Zacks Investment Investigate lower Penske Automotive Group from a “strong-buy” rating to a “hold” rating and established a $59.00 selling price goal on the inventory. in a exploration report on Wednesday, December 23rd. Morgan Stanley upped their cost concentrate on on Penske Automotive Team from $49.00 to $76.00 and gave the stock an “overweight” ranking in a analysis notice on Monday, December 7th. Truist lifted their selling price objective on shares of Penske Automotive Group from $65.00 to $75.00 in a investigation report on Friday, January 15th. Bank of The united states upped their price objective on shares of Penske Automotive Group from $70.00 to $75.00 and gave the stock a “buy” ranking in a study report on Tuesday, November 17th. Ultimately, Benchmark lifted their focus on price tag on shares of Penske Automotive Group from $70.00 to $84.00 and gave the enterprise a “buy” score in a report on Friday, October 23rd. Four analysts have rated the inventory with a keep ranking and six have assigned a get ranking to the company’s inventory. The stock presently has an normal rating of “Buy” and a consensus price target of $60.73.
NYSE:PAG opened at $65.32 on Friday. The firm’s fifty day straightforward going typical is $59.90 and its 200-working day easy relocating common is $52.77. The enterprise has a fast ratio of .28, a recent ratio of 1.06 and a credit card debt-to-fairness ratio of .72. The inventory has a current market cap of $5.25 billion, a PE ratio of 11.83, a cost-to-earnings-progress ratio of 1.34 and a beta of 1.61. Penske Automotive Team, Inc. has a fifty-two week minimal of $19.99 and a fifty-two 7 days superior of $66.84.
Penske Automotive Team (NYSE:PAG) very last issued its earnings effects on Thursday, Oct 22nd. The enterprise reported $2.87 earnings for each share for the quarter, topping the consensus estimate of $1.59 by $1.28. Penske Automotive Team experienced a internet margin of 2.17% and a return on equity of 15.09%. The business experienced revenue of $5.97 billion for the quarter, as opposed to analyst estimates of $5.58 billion. In the course of the same period in the prior yr, the small business posted $1.42 earnings for each share. The firm’s income for the quarter was up .1% when compared to the very same quarter very last 12 months. Equities analysts anticipate that Penske Automotive Team, Inc. will post 6.2 earnings per share for the present-day 12 months.
About Penske Automotive Group
Penske Automotive Group, Inc, a diversified transportation expert services corporation, operates automotive and commercial truck dealerships. The company operates by four segments: Retail Automotive, Retail Industrial Truck, Other, and Non-Automotive Investments. It operates dealerships beneath franchise agreements with numerous automotive makers and distributors.
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