Semanteon Capital Management LP Buys New Shares in Penske Automotive Group, Inc. (NYSE:PAG)

Semanteon Capital Management LP acquired a new stake in Penske Automotive Group, Inc. (NYSE:PAG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 7,659 shares of the company’s stock, valued at approximately $1,229,000. Penske Automotive Group accounts for about 0.8% of Semanteon Capital Management LP’s portfolio, making the stock its 20th largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC grew its position in shares of Penske Automotive Group by 3.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,215 shares of the company’s stock valued at $370,000 after acquiring an additional 70 shares during the period. Arizona State Retirement System grew its position in shares of Penske Automotive Group by 1.3% in the 3rd 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 period. Alaska Permanent Fund Corp grew its position in shares of Penske Automotive Group by 0.5% in the 4th quarter. Alaska Permanent Fund Corp now owns 15,675 shares of the company’s stock valued at $2,516,000 after acquiring an additional 75 shares during the period. SkyOak Wealth LLC grew its position in shares of 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 acquiring an additional 80 shares during the period. Finally, Venturi Wealth Management LLC grew its position in shares of Penske Automotive Group by 113.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 173 shares of the company’s stock valued at $29,000 after acquiring an additional 92 shares during the period. Institutional investors own 77.08% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PAG. Bank of America raised their target price on shares of Penske Automotive Group from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Morgan Stanley raised their target price on shares of Penske Automotive Group from $107.00 to $115.00 and gave the stock an “underweight” rating in a research note on Thursday, February 29th. 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 company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $163.20.

Penske Automotive Group Stock Performance

Shares of NYSE PAG traded up $0.27 during mid-day trading on Thursday, reaching $153.45. 175,938 shares of the company were exchanged, compared to its average volume of 197,887. 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’s 50-day simple moving average is $153.08 and its 200-day simple moving average is $152.79. The stock has a market capitalization of $10.29 billion, a P/E ratio of 9.80 and a beta of 1.19.

Penske Automotive Group (NYSE:PAG) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $3.45 earnings per share 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 earned $4.21 EPS. Penske Automotive Group’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, research analysts predict that Penske Automotive Group, Inc. will post 13.8 earnings per share for the current year.

Insiders Place Their Bets

In other Penske Automotive Group news, Director John Barr sold 1,600 shares of Penske Automotive Group stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $154.05, for a total value of $246,480.00. Following the completion of the sale, the director now owns 716 shares in the company, valued at approximately $110,299.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John Barr sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $154.05, for a total value of $246,480.00. Following the completion of the transaction, the director now directly owns 716 shares in the company, valued at approximately $110,299.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Greg C. Smith sold 1,604 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were 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 owns 51,001 shares of the company’s stock, valued at $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 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.