Crossmark World wide Holdings Inc. ordered a new stake in Penske Automotive Group, Inc. (NYSE:PAG – Get Ranking) for the duration of the 4th quarter, in accordance to its most current disclosure with the Securities and Trade Fee (SEC). The institutional trader acquired 3,140 shares of the company’s stock, valued at somewhere around $337,000.
A amount of other institutional traders and hedge funds also not too long ago purchased and offered shares of PAG. O Shaughnessy Asset Administration LLC elevated its holdings in shares of Penske Automotive Group by 398.% through the 3rd quarter. O Shaughnessy Asset Administration LLC now owns 249 shares of the company’s inventory worthy of $25,000 immediately after getting an further 199 shares for the duration of the interval. Moors & Cabot Inc. acquired a new place in shares of Penske Automotive Team for the duration of the 3rd quarter really worth about $38,000. Atticus Wealth Administration LLC purchased a new placement in shares of Penske Automotive Group for the duration of the 3rd quarter worth about $44,000. Koshinski Asset Administration Inc. acquired a new situation in shares of Penske Automotive Team all through the third quarter worthy of about $50,000. At last, Metropolitan Daily life Insurance coverage Co NY acquired a new placement in shares of Penske Automotive Group through the next quarter worth about $50,000. 50.18% of the stock is now owned by hedge funds and other institutional buyers.
PAG has been the subject of a number of current analysis reviews. StockNews.com reduced shares of Penske Automotive Team from a “strong-buy” ranking to a “buy” rating in a research report on Wednesday, March 9th. Zacks Investment decision Investigate lowered shares of Penske Automotive Group from a “buy” score to a “hold” rating and set a $105.00 cost focus on for the enterprise. in a research report on Thursday, March 10th. Last but not least, Morgan Stanley upped their value target on shares of Penske Automotive Group from $90.00 to $95.00 and gave the inventory an “underweight” rating in a analysis report on Tuesday, March 8th. 1 expenditure analyst has rated the inventory with a promote score, just one has specified a keep rating and four have given a get score to the company’s stock. Based mostly on information from MarketBeat.com, Penske Automotive Team has a consensus ranking of “Buy” and an normal target value of $116.80.
Shares of PAG opened at $100.96 on Tuesday. The agency has a 50-working day shifting ordinary price of $100.94 and a 200 day going typical price of $101.51. The business has a market capitalization of $7.81 billion, a PE ratio of 6.77, a P/E/G ratio of .33 and a beta of 1.46. The enterprise has a speedy ratio of .22, a latest ratio of .95 and a debt-to-equity ratio of .34. Penske Automotive Team, Inc. has a 52-week reduced of $72.35 and a 52-7 days higher of $114.34.
Penske Automotive Group (NYSE:PAG – Get Ranking) past introduced its earnings benefits on Wednesday, February 9th. The enterprise claimed $3.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.62 by $.37. Penske Automotive Group experienced a net margin of 4.65% and a return on fairness of 32.03%. Throughout the similar period final calendar year, the organization posted $2.49 earnings for each share. On typical, equities analysts count on that Penske Automotive Team, Inc. will article 14.26 EPS for the recent 12 months.
The business also lately announced a quarterly dividend, which was paid on Tuesday, March 1st. Buyers of history on Thursday, February 10th ended up presented a $.47 dividend. This signifies a $1.88 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Wednesday, February 9th. This is a good change from Penske Automotive Group’s former quarterly dividend of $.46. Penske Automotive Group’s dividend payout ratio is presently 12.60%.
About Penske Automotive Group (Get Ranking)
Penske Automotive Team, Inc operates as an intercontinental transportation products and services enterprise. Which engages in the distribution of industrial cars, diesel engines, fuel engines, energy programs and relevant areas & providers. It operates by way of the pursuing segments: Retail Automotive, Retail Business Truck, Non-Automotive Investments, and Other.
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