Tudor Investment Corp ET AL Has $15.24 Million Stock Position in Penske Automotive Group, Inc. (NYSE:PAG)

Tudor Investment Corp ET AL lifted its stake in shares of Penske Automotive Group, Inc. (NYSE:PAG - Free Report) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,943 shares of the company's stock after purchasing an additional 4,966 shares during the period. Tudor Investment Corp ET AL owned about 0.15% of Penske Automotive Group worth $15,235,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Highland Capital Management LLC bought a new stake in shares of Penske Automotive Group in the 4th quarter valued at approximately $240,000. Blue Trust Inc. increased its stake in Penske Automotive Group by 28.3% during the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company's stock valued at $198,000 after purchasing an additional 269 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Penske Automotive Group during the fourth quarter worth $287,000. Bank of Montreal Can lifted its position in shares of Penske Automotive Group by 6.4% in the 4th quarter. Bank of Montreal Can now owns 2,651 shares of the company's stock worth $404,000 after buying an additional 160 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Penske Automotive Group by 4.7% in the 4th quarter. Rhumbline Advisers now owns 54,063 shares of the company's stock worth $8,241,000 after buying an additional 2,446 shares during the last quarter. 77.08% of the stock is owned by institutional investors.

Penske Automotive Group Price Performance

Shares of NYSE PAG traded up $1.50 during midday trading on Friday, reaching $157.11. The company's stock had a trading volume of 180,436 shares, compared to its average volume of 195,255. Penske Automotive Group, Inc. has a one year low of $134.05 and a one year high of $180.12. The company has a market cap of $10.49 billion, a price-to-earnings ratio of 11.43 and a beta of 1.03. The company has a 50 day moving average price of $153.45 and a 200 day moving average price of $158.16. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.22.

Penske Automotive Group (NYSE:PAG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.12. The company had revenue of $7.60 billion for the quarter, compared to analysts' expectations of $7.68 billion. Penske Automotive Group had a return on equity of 18.05% and a net margin of 3.02%. The firm's revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.21 earnings per share. On average, equities research analysts expect that Penske Automotive Group, Inc. will post 13.86 EPS for the current year.

Penske Automotive Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Monday, February 24th were given a $1.22 dividend. This is a positive change from Penske Automotive Group's previous quarterly dividend of $1.19. The ex-dividend date was Monday, February 24th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.11%. Penske Automotive Group's dividend payout ratio (DPR) is 34.37%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PAG. JPMorgan Chase & Co. reduced their price objective on Penske Automotive Group from $165.00 to $140.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. Stephens restated an "equal weight" rating and set a $165.00 price target on shares of Penske Automotive Group in a research report on Tuesday, February 18th. Citigroup assumed coverage on shares of Penske Automotive Group in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $185.00 price objective on the stock. Finally, StockNews.com raised Penske Automotive Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Penske Automotive Group presently has an average rating of "Moderate Buy" and a consensus price target of $170.00.

Insider Activity at Penske Automotive Group

In other news, Director John Barr sold 1,529 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $155.45, for a total value of $237,683.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Claude H. Denker III sold 8,746 shares of Penske Automotive Group stock in a transaction on Friday, February 14th. The shares were sold at an average price of $173.03, for a total value of $1,513,320.38. Following the transaction, the executive vice president now owns 28,917 shares in the company, valued at $5,003,508.51. This represents a 23.22 % decrease in their position. The disclosure for this sale can be found here. 51.70% of the stock is currently owned by corporate insiders.

About Penske Automotive Group

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.