Janney Montgomery Scott LLC Has $8.50 Million Stock Holdings in Penske Automotive Group, Inc. (NYSE:PAG)

Janney Montgomery Scott LLC boosted its position in shares of Penske Automotive Group, Inc. (NYSE:PAG - Free Report) by 19.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,767 shares of the company's stock after buying an additional 9,199 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.08% of Penske Automotive Group worth $8,501,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its stake in shares of Penske Automotive Group by 36.9% during the third quarter. Janus Henderson Group PLC now owns 39,569 shares of the company's stock valued at $6,426,000 after acquiring an additional 10,663 shares during the period. Cerity Partners LLC lifted its position in Penske Automotive Group by 176.1% during the 3rd quarter. Cerity Partners LLC now owns 13,333 shares of the company's stock valued at $2,166,000 after purchasing an additional 8,504 shares during the period. Millennium Management LLC lifted its position in Penske Automotive Group by 9.1% during the 2nd quarter. Millennium Management LLC now owns 126,278 shares of the company's stock valued at $18,818,000 after purchasing an additional 10,522 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Penske Automotive Group by 188.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,981 shares of the company's stock valued at $1,134,000 after purchasing an additional 4,559 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Penske Automotive Group during the 3rd quarter worth approximately $415,000. 77.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Benchmark started coverage on shares of Penske Automotive Group in a report on Thursday, December 12th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $170.25.

Penske Automotive Group Trading Down 1.5 %

PAG stock traded down $2.46 during midday trading on Friday, hitting $165.69. 169,367 shares of the company's stock were exchanged, compared to its average volume of 163,188. The company has a market cap of $11.06 billion, a PE ratio of 12.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.20 and a current ratio of 0.91. The stock's fifty day moving average price is $160.08 and its 200-day moving average price is $159.69. Penske Automotive Group, Inc. has a one year low of $142.32 and a one year high of $179.72.

Penske Automotive Group (NYSE:PAG - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $3.39 earnings per share for the quarter, missing analysts' consensus estimates of $3.41 by ($0.02). Penske Automotive Group had a net margin of 2.91% and a return on equity of 18.38%. The company had revenue of $7.59 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same period in the previous year, the firm posted $3.90 EPS. The business's quarterly revenue was up 1.9% compared to the same quarter last year. Research analysts predict that Penske Automotive Group, Inc. will post 13.53 earnings per share for the current fiscal year.

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.