Bahl & Gaynor Inc. Buys 1,462 Shares of Penske Automotive Group, Inc. (NYSE:PAG)

Bahl & Gaynor Inc. grew its stake in Penske Automotive Group, Inc. (NYSE:PAG) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,867 shares of the company’s stock after purchasing an additional 1,462 shares during the period. Bahl & Gaynor Inc. owned approximately 0.09% of Penske Automotive Group worth $10,091,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PAG. Invesco Ltd. grew its stake in shares of Penske Automotive Group by 164.3% in the 3rd quarter. Invesco Ltd. now owns 292,758 shares of the company’s stock valued at $48,908,000 after purchasing an additional 181,995 shares during the period. Bank of New York Mellon Corp grew its position in Penske Automotive Group by 43.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 289,854 shares of the company’s stock worth $48,423,000 after acquiring an additional 87,590 shares during the last quarter. Principal Financial Group Inc. grew its position in Penske Automotive Group by 4,712.6% during the 3rd quarter. Principal Financial Group Inc. now owns 72,044 shares of the company’s stock worth $12,036,000 after acquiring an additional 70,547 shares during the last quarter. International Assets Investment Management LLC grew its position in Penske Automotive Group by 15,960.7% during the 4th quarter. International Assets Investment Management LLC now owns 66,973 shares of the company’s stock worth $10,750,000 after acquiring an additional 66,556 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position in Penske Automotive Group by 206.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 73,531 shares of the company’s stock worth $12,284,000 after acquiring an additional 49,544 shares during the last quarter. 77.08% of the stock is currently owned by institutional investors.

Penske Automotive Group Trading Up 1.4 %

NYSE:PAG traded up $2.15 during trading hours on Friday, hitting $155.60. 220,297 shares of the stock were exchanged, compared to its average volume of 198,163. The company’s 50 day moving average is $153.12 and its two-hundred day moving average is $152.80. Penske Automotive Group, Inc. has a twelve month low of $133.72 and a twelve month high of $180.84. The company has a quick ratio of 0.25, a current ratio of 1.00 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $10.43 billion, a P/E ratio of 10.07 and a beta of 1.19.

Penske Automotive Group (NYSE:PAG) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $3.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.66 by ($0.21). Penske Automotive Group had a return on equity of 24.19% and a net margin of 3.57%. The firm had revenue of $7.27 billion for the quarter, compared to analyst estimates of $7.18 billion. During the same period in the prior year, the company posted $4.21 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Penske Automotive Group, Inc. will post 13.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Penske Automotive Group news, Director John Barr sold 1,600 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $154.05, for a total transaction of $246,480.00. Following the transaction, the director now owns 716 shares of the company’s stock, valued at approximately $110,299.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director John Barr sold 1,600 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $154.05, for a total value of $246,480.00. Following the transaction, the director now owns 716 shares of the company’s stock, valued at approximately $110,299.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Greg C. Smith sold 1,604 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $149.38, for a total value of $239,605.52. Following the completion of the transaction, the director now directly owns 51,001 shares in the company, valued at approximately $7,618,529.38. The disclosure for this sale can be found here. Company insiders own 51.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on PAG. Bank of America increased their price target on Penske Automotive Group from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Morgan Stanley increased their price target on Penske Automotive Group from $107.00 to $115.00 and gave the stock an “underweight” rating in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $163.20.

Penske Automotive Group Profile

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.