LSV Asset Management Trims Position in Penske Automotive Group, Inc. (NYSE:PAG)

LSV Asset Management lessened its stake in Penske Automotive Group, Inc. (NYSE:PAG - Free Report) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,275,699 shares of the company's stock after selling 90,635 shares during the quarter. LSV Asset Management owned approximately 1.90% of Penske Automotive Group worth $204,762,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC increased its stake in 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 buying an additional 92 shares during the last quarter. FinTrust Capital Advisors LLC bought a new stake in Penske Automotive Group during the third quarter worth $35,000. Grove Bank & Trust boosted its position in Penske Automotive Group by 100.0% in the third quarter. Grove Bank & Trust now owns 250 shares of the company's stock worth $42,000 after purchasing an additional 125 shares during the last quarter. Blue Trust Inc. boosted its position in Penske Automotive Group by 91.2% in the fourth quarter. Blue Trust Inc. now owns 346 shares of the company's stock worth $58,000 after purchasing an additional 165 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in Penske Automotive Group by 155.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 457 shares of the company's stock valued at $76,000 after purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 77.08% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of 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 lifted their price objective on shares of Penske Automotive Group from $175.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $163.20.

Penske Automotive Group Stock Performance

PAG traded up $0.94 during trading hours on Friday, hitting $153.44. The stock had a trading volume of 203,347 shares, compared to its average volume of 227,661. Penske Automotive Group, Inc. has a 1 year low of $133.72 and a 1 year high of $180.84. The company's fifty day simple moving average is $153.72 and its 200 day simple moving average is $152.83. The stock has a market cap of $10.26 billion, a PE ratio of 10.67 and a beta of 1.21. The company has a quick ratio of 0.25, a current ratio of 0.98 and a debt-to-equity ratio of 0.30.

Penske Automotive Group (NYSE:PAG - Get Free Report) last issued its earnings results on Tuesday, April 30th. The company reported $3.21 earnings per share for the quarter, missing analysts' consensus estimates of $3.35 by ($0.14). Penske Automotive Group had a return on equity of 21.72% and a net margin of 3.27%. The business had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the prior year, the business earned $4.31 EPS. Penske Automotive Group's revenue for the quarter was up 1.5% compared to the same quarter last year. Equities analysts anticipate that Penske Automotive Group, Inc. will post 13.8 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John Barr sold 1,600 shares of Penske Automotive Group 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 completion of the transaction, the director now directly owns 716 shares in the company, valued at $110,299.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director John Barr sold 1,600 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $154.05, for a total transaction of $246,480.00. Following the sale, the director now owns 716 shares of the company's stock, valued at approximately $110,299.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greg C. Smith sold 1,604 shares of the 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 sale, 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. 51.70% of the stock is owned by insiders.

Penske Automotive Group Company 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.