Measured Wealth Private Client Group LLC Purchases 99 Shares of Penske Automotive Group, Inc. (NYSE:PAG)

Measured Wealth Private Client Group LLC raised its position in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,575 shares of the company’s stock after purchasing an additional 99 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Penske Automotive Group were worth $895,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PAG. Venturi Wealth Management LLC lifted its position in shares of Penske Automotive Group by 113.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 173 shares of the company’s stock valued at $29,000 after buying an additional 92 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new position in shares of Penske Automotive Group during the 3rd quarter valued at about $35,000. Grove Bank & Trust lifted its position in shares of Penske Automotive Group by 100.0% during the 3rd quarter. Grove Bank & Trust now owns 250 shares of the company’s stock valued at $42,000 after buying an additional 125 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Penske Automotive Group by 91.2% during the 4th quarter. Blue Trust Inc. now owns 346 shares of the company’s stock valued at $58,000 after buying an additional 165 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of Penske Automotive Group by 155.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 457 shares of the company’s stock valued at $76,000 after buying an additional 278 shares in the last quarter. 77.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Greg C. Smith sold 1,604 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $149.38, for a total transaction of $239,605.52. Following the transaction, the director now owns 51,001 shares of the company’s stock, valued at approximately $7,618,529.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director John Barr sold 1,600 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 716 shares of the company’s stock, valued at approximately $110,299.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Greg C. Smith sold 1,604 shares of the company’s 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. Corporate insiders own 51.70% of the company’s stock.

Penske Automotive Group Price Performance

PAG stock traded up $0.94 during trading on Friday, hitting $153.44. 203,347 shares of the company’s stock traded hands, compared to its average volume of 227,661. The business has a fifty day simple moving average of $153.72 and a 200 day simple moving average of $152.82. Penske Automotive Group, Inc. has a 52 week low of $133.72 and a 52 week high of $180.84. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.25 and a current ratio of 0.98. The stock has a market capitalization of $10.26 billion, a price-to-earnings ratio of 10.67 and a beta of 1.21.

Penske Automotive Group (NYSE:PAG) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $3.21 EPS for the quarter, missing analysts’ consensus estimates of $3.35 by ($0.14). Penske Automotive Group had a net margin of 3.27% and a return on equity of 21.72%. The business had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the previous year, the business posted $4.31 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. As a group, research analysts expect that Penske Automotive Group, Inc. will post 13.8 EPS for the current fiscal year.

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.