Penske Automotive Group, Inc. (NYSE:PAG) Shares Sold by Bruni J V & Co. Co.

Bruni J V & Co. Co. cut its position in Penske Automotive Group, Inc. (NYSE:PAG) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,125 shares of the company’s stock after selling 6,006 shares during the quarter. Penske Automotive Group accounts for 4.3% of Bruni J V & Co. Co.’s holdings, making the stock its 7th largest holding. Bruni J V & Co. Co. owned approximately 0.32% of Penske Automotive Group worth $35,011,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PAG. Vanguard Personalized Indexing Management LLC lifted its stake in Penske Automotive Group by 3.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,215 shares of the company’s stock worth $370,000 after acquiring an additional 70 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Penske Automotive Group by 1.3% during the third quarter. Arizona State Retirement System now owns 5,893 shares of the company’s stock valued at $984,000 after acquiring an additional 73 shares during the last quarter. Alaska Permanent Fund Corp increased its position in Penske Automotive Group by 0.5% during the 4th quarter. Alaska Permanent Fund Corp now owns 15,675 shares of the company’s stock worth $2,516,000 after purchasing an additional 75 shares in the last quarter. SkyOak Wealth LLC lifted its holdings in Penske Automotive Group by 3.2% in the 4th quarter. SkyOak Wealth LLC now owns 2,550 shares of the company’s stock valued at $409,000 after purchasing an additional 80 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Penske Automotive Group by 113.6% during the third quarter. Venturi Wealth Management LLC now owns 173 shares of the company’s stock worth $29,000 after buying an additional 92 shares in the last quarter. 77.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

PAG has been the subject of several analyst reports. Morgan Stanley boosted their price target on Penske Automotive Group from $107.00 to $115.00 and gave the company an “underweight” rating in a report on Thursday, February 29th. Bank of America boosted their target price 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 analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Penske Automotive Group currently has an average rating of “Hold” and a consensus target price of $163.20.

Penske Automotive Group Stock Up 1.4 %

NYSE:PAG traded up $2.18 during trading hours on Friday, hitting $155.63. The stock had a trading volume of 220,305 shares, compared to its average volume of 196,502. The business has a 50 day simple moving average of $153.25 and a two-hundred day simple moving average of $152.76. Penske Automotive Group, Inc. has a 1-year low of $133.72 and a 1-year high of $180.84. The company has a current ratio of 1.00, a quick ratio of 0.25 and a debt-to-equity ratio of 0.30. The company has a market cap of $10.43 billion, a PE ratio of 10.05 and a beta of 1.19.

Penske Automotive Group (NYSE:PAG) last released its quarterly earnings results on Wednesday, February 7th. The company reported $3.45 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 business had revenue of $7.27 billion during the quarter, compared to analyst estimates of $7.18 billion. During the same quarter last year, the firm posted $4.21 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. Analysts predict that Penske Automotive Group, Inc. will post 13.8 EPS for the current 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.