Penske Automotive Group Inc. (NYSE:PAG) EVP Shane M. Spradlin sold 4,900 shares of Penske Automotive Group stock in a transaction on Monday, September 12th. The stock was sold at an average price of $48.31, for a total transaction of $236,719.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Penske Automotive Group Inc. (NYSE:PAG) opened at 49.11 on Monday. The company has a market cap of $4.18 billion, a PE ratio of 13.12 and a beta of 1.60. The company has a 50-day moving average of $42.69 and a 200 day moving average of $38.14. Penske Automotive Group Inc. has a 12-month low of $29.29 and a 12-month high of $53.28.

Penske Automotive Group (NYSE:PAG) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.02. Penske Automotive Group had a return on equity of 18.75% and a net margin of 1.65%. The business earned $5.30 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the prior year, the company posted $1.04 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities research analysts expect that Penske Automotive Group Inc. will post $3.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Wednesday, August 10th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.28%. This is an increase from Penske Automotive Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, August 8th. Penske Automotive Group’s dividend payout ratio is presently 29.95%.

PAG has been the topic of several analyst reports. TheStreet raised shares of Penske Automotive Group from a “hold” rating to a “buy” rating in a research note on Friday, May 27th. Zacks Investment Research downgraded shares of Penske Automotive Group from a “hold” rating to a “strong sell” rating in a research note on Monday, July 18th. Seaport Global Securities initiated coverage on shares of Penske Automotive Group in a research note on Tuesday, August 9th. They issued a “neutral” rating on the stock. Gabelli downgraded shares of Penske Automotive Group from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Stifel Nicolaus downgraded shares of Penske Automotive Group from a “buy” rating to a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $48.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of PAG. Blue Chip Partners Inc. increased its position in Penske Automotive Group by 11.0% in the second quarter. Blue Chip Partners Inc. now owns 26,178 shares of the company’s stock worth $824,000 after buying an additional 2,586 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Penske Automotive Group by 9.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 225,131 shares of the company’s stock worth $7,083,000 after buying an additional 19,002 shares in the last quarter. Lowe Brockenbrough & Co. Inc. purchased a new position in Penske Automotive Group during the second quarter worth approximately $708,000. Stifel Financial Corp increased its position in Penske Automotive Group by 55.2% in the second quarter. Stifel Financial Corp now owns 121,079 shares of the company’s stock worth $3,810,000 after buying an additional 43,068 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Penske Automotive Group by 21.1% in the second quarter. Legal & General Group Plc now owns 37,542 shares of the company’s stock worth $1,181,000 after buying an additional 6,532 shares in the last quarter. Institutional investors and hedge funds own 40.55% of the company’s stock.

Penske Automotive Group Company Profile

Penske Automotive Group, Inc is a transportation services company that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Company distributes commercial vehicles, diesel engines, gas engines, power systems and related parts, and services in Australia and New Zealand.

5 Day Chart for NYSE:PAG

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