Nilsine Partners LLC Boosts Stock Position in Penske Automotive Group, Inc. (NYSE:PAG)

Nilsine Partners LLC raised its stake in shares of Penske Automotive Group, Inc. (NYSE:PAG - Free Report) by 10.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 17,561 shares of the company's stock after buying an additional 1,636 shares during the period. Nilsine Partners LLC's holdings in Penske Automotive Group were worth $2,677,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PAG. GAMMA Investing LLC grew its holdings in Penske Automotive Group by 44.8% during the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company's stock worth $40,000 after acquiring an additional 81 shares during the period. True Wealth Design LLC boosted its position in Penske Automotive Group by 14,833.3% in the 3rd quarter. True Wealth Design LLC now owns 448 shares of the company's stock worth $73,000 after purchasing an additional 445 shares in the last quarter. Transamerica Financial Advisors Inc. grew its stake in shares of Penske Automotive Group by 45,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company's stock worth $74,000 after purchasing an additional 453 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Penske Automotive Group during the 3rd quarter valued at approximately $94,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Penske Automotive Group in the 3rd quarter valued at $112,000. Hedge funds and other institutional investors own 77.08% of the company's stock.

Penske Automotive Group Price Performance

Shares of Penske Automotive Group stock traded down $2.46 on Friday, reaching $165.69. The company's stock had a trading volume of 169,367 shares, compared to its average volume of 163,188. Penske Automotive Group, Inc. has a 52-week low of $142.32 and a 52-week high of $179.72. The company has a market capitalization of $11.06 billion, a P/E ratio of 12.70 and a beta of 1.20. The company has a quick ratio of 0.20, a current ratio of 0.91 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $160.08 and a 200-day moving average price of $159.69.

Penske Automotive Group (NYSE:PAG - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $7.59 billion for the quarter, compared to analyst estimates of $7.67 billion. Penske Automotive Group had a return on equity of 18.38% and a net margin of 2.91%. The business's revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.90 earnings per share. Analysts expect that Penske Automotive Group, Inc. will post 13.53 EPS for the current year.

Analysts Set New Price Targets

Separately, Benchmark started coverage on shares of Penske Automotive Group in a report on Thursday, December 12th. They issued a "buy" rating for the company. 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 stock. According to data from MarketBeat.com, Penske Automotive Group presently has an average rating of "Hold" and an average price target of $170.25.

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.