Penske Automotive Group, Inc. (NYSE:PAG) Shares Sold by Private Management Group Inc.

Private Management Group Inc. lowered its holdings in Penske Automotive Group, Inc. (NYSE:PAG) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,430 shares of the company’s stock after selling 2,221 shares during the period. Private Management Group Inc.’s holdings in Penske Automotive Group were worth $28,572,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PAG. CIBC Asset Management Inc grew its holdings in Penske Automotive Group by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 1,946 shares of the company’s stock valued at $316,000 after buying an additional 69 shares during the period. Applied Capital LLC FL boosted its position in shares of Penske Automotive Group by 0.4% in the third quarter. Applied Capital LLC FL now owns 21,176 shares of the company’s stock worth $3,439,000 after acquiring an additional 77 shares during the last quarter. GAMMA Investing LLC grew its holdings in Penske Automotive Group by 44.8% in 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. Quantinno Capital Management LP increased its position in Penske Automotive Group by 0.5% during the third quarter. Quantinno Capital Management LP now owns 16,648 shares of the company’s stock worth $2,704,000 after purchasing an additional 82 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its stake in Penske Automotive Group by 5.2% during the third quarter. Ashton Thomas Private Wealth LLC now owns 1,708 shares of the company’s stock worth $277,000 after purchasing an additional 84 shares during the period. 77.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Benchmark assumed coverage on shares of Penske Automotive Group in a research note on Thursday, December 12th. They set a “buy” rating for the company. One 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $170.25.

Penske Automotive Group Stock Performance

NYSE PAG opened at $170.25 on Thursday. 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 1-year low of $142.32 and a 1-year high of $179.72. The firm has a market capitalization of $11.37 billion, a P/E ratio of 13.05 and a beta of 1.20. The business’s 50-day simple moving average is $160.08 and its 200-day simple moving average is $159.94.

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.