Bruni J V & Co. Co. Has $30.51 Million Holdings in Penske Automotive Group, Inc. (NYSE:PAG)

Bruni J V & Co. Co. increased its holdings in shares of Penske Automotive Group, Inc. (NYSE:PAG - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,142 shares of the company's stock after acquiring an additional 3,738 shares during the quarter. Penske Automotive Group makes up approximately 3.5% of Bruni J V & Co. Co.'s holdings, making the stock its 13th biggest holding. Bruni J V & Co. Co. owned 0.30% of Penske Automotive Group worth $30,510,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Penske Automotive Group by 44.8% during the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company's stock valued at $40,000 after purchasing an additional 81 shares during the period. True Wealth Design LLC increased its stake in Penske Automotive Group by 14,833.3% during the 3rd quarter. True Wealth Design LLC now owns 448 shares of the company's stock valued at $73,000 after buying an additional 445 shares during the period. Transamerica Financial Advisors Inc. raised its position 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 buying an additional 453 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Penske Automotive Group in the 3rd quarter worth approximately $94,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Penske Automotive Group in the third quarter valued at approximately $112,000. 77.08% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Penske Automotive Group from $160.00 to $165.00 and gave the stock an "underweight" rating in a report on Wednesday, February 19th. StockNews.com upgraded Penske Automotive Group from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Stephens reaffirmed an "equal weight" rating and set a $165.00 target price on shares of Penske Automotive Group in a report on Tuesday, February 18th. Finally, Benchmark initiated coverage on shares of Penske Automotive Group in a report on Thursday, December 12th. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $172.50.

Penske Automotive Group Price Performance

Shares of PAG traded down $3.39 during trading hours on Tuesday, hitting $164.41. 140,545 shares of the company were exchanged, compared to its average volume of 175,364. The firm has a fifty day simple moving average of $162.02 and a 200-day simple moving average of $160.71. The company has a market capitalization of $10.97 billion, a PE ratio of 11.96 and a beta of 1.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.91 and a quick ratio of 0.20. Penske Automotive Group, Inc. has a one year low of $142.32 and a one year high of $180.12.

Penske Automotive Group (NYSE:PAG - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $3.54 earnings per share for the quarter, beating analysts' consensus estimates of $3.37 by $0.17. The business had revenue of $7.72 billion during the quarter, compared to analyst estimates of $7.56 billion. Penske Automotive Group had a return on equity of 18.05% and a net margin of 3.02%. As a group, sell-side analysts predict that Penske Automotive Group, Inc. will post 13.86 earnings per share for the current year.

Penske Automotive Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, February 24th will be issued a dividend of $1.22 per share. The ex-dividend date is Monday, February 24th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.97%. This is a positive change from Penske Automotive Group's previous quarterly dividend of $1.19. Penske Automotive Group's payout ratio is currently 35.49%.

Insider Activity

In other Penske Automotive Group news, EVP Claude H. Denker III sold 8,746 shares of Penske Automotive Group stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $173.03, for a total transaction of $1,513,320.38. Following the transaction, the executive vice president now directly owns 28,917 shares in the company, valued at approximately $5,003,508.51. The trade was a 23.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 51.70% of the stock is owned by company insiders.

Penske Automotive Group 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.