Allspring Worldwide Investments Holdings LLC procured a new stake in shares of Penske Automotive Group, Inc. (NYSE:PAG – Get Score) in the fourth quarter, in accordance to its most new disclosure with the SEC. The firm ordered 72,128 shares of the company’s inventory, valued at around $7,733,000.
Other institutional investors and hedge funds have also recently additional to or minimized their stakes in the company. NN Financial commitment Companions Holdings N.V. acquired a new stake in Penske Automotive Team all through the 4th quarter valued at $1,351,000. Bessemer Group Inc. grew its holdings in Penske Automotive Team by 1,516.1% during the 4th quarter. Bessemer Team Inc. now owns 21,737 shares of the company’s stock worthy of $2,331,000 right after getting an added 20,392 shares in the last quarter. Leuthold Team LLC grew its holdings in Penske Automotive Team by .3% during the 3rd quarter. Leuthold Group LLC now owns 47,762 shares of the company’s inventory value $4,805,000 just after buying an additional 132 shares in the very last quarter. Crossmark World-wide Holdings Inc. obtained a new posture in Penske Automotive Team during the 4th quarter worthy of $337,000. At last, Janney Montgomery Scott LLC grew its holdings in Penske Automotive Group by 490.7% for the duration of the 4th quarter. Janney Montgomery Scott LLC now owns 64,567 shares of the company’s inventory value $6,923,000 soon after getting an additional 53,636 shares in the final quarter. 50.18% of the inventory is owned by institutional traders and hedge resources.
Several study analysts have weighed in on the stock. Morgan Stanley raised their price tag aim on shares of Penske Automotive Team from $90.00 to $95.00 and gave the inventory an “underweight” rating in a report on Tuesday, March 8th. JPMorgan Chase & Co. lessened their value concentrate on on shares of Penske Automotive Team from $120.00 to $105.00 and set a “neutral” ranking for the company in a report on Thursday. StockNews.com elevated shares of Penske Automotive Group from a “buy” rating to a “strong-buy” rating in a report on Thursday. Eventually, Zacks Expenditure Exploration reduced shares of Penske Automotive Group from a “buy” score to a “hold” rating and established a $105.00 price concentrate on for the organization. in a report on Thursday, March 10th. 1 investigate analyst has rated the inventory with a sell rating, two have presented a maintain ranking, a few have offered a invest in ranking and just one has assigned a strong buy rating to the company’s inventory. In accordance to MarketBeat, the firm has an ordinary ranking of “Buy” and an average selling price goal of $114.83.
NYSE PAG opened at $93.99 on Monday. Penske Automotive Group, Inc. has a 52 7 days reduced of $72.35 and a 52 week high of $114.34. The enterprise has a present-day ratio of .95, a quick ratio of .22 and a personal debt-to-equity ratio of .34. The inventory has a market cap of $7.22 billion, a selling price-to-earnings ratio of 6.30, a price tag-to-earnings-advancement ratio of 3.22 and a beta of 1.43. The organization has a 50-day transferring common value of $99.44 and a two-hundred day transferring ordinary rate of $102.62.
Penske Automotive Group (NYSE:PAG – Get Score) last posted its earnings success on Wednesday, February 9th. The business claimed $4.10 EPS for the quarter, topping the consensus estimate of $3.67 by $.43. Penske Automotive Group had a web margin of 4.65% and a return on equity of 32.03%. The company experienced income of $6.30 billion in the course of the quarter, when compared to analysts’ anticipations of $6.23 billion. In the course of the same quarter in the prior calendar year, the agency attained $2.49 EPS. As a group, equities investigation analysts be expecting that Penske Automotive Group, Inc. will publish 15.06 earnings per share for the present fiscal calendar year.
The organization also not long ago declared a quarterly dividend, which was paid on Tuesday, March 1st. Stockholders of file on Thursday, February 10th ended up paid a $.47 dividend. This is a good change from Penske Automotive Group’s earlier quarterly dividend of $.46. This represents a $1.88 dividend on an annualized foundation and a dividend generate of 2.00%. The ex-dividend day of this dividend was Wednesday, February 9th. Penske Automotive Group’s dividend payout ratio is currently 12.60%.
Penske Automotive Team Corporation Profile (Get Rating)
Penske Automotive Team, Inc operates as an international transportation solutions enterprise. Which engages in the distribution of business cars, diesel engines, gasoline engines, ability methods and linked elements & expert services. It operates as a result of the next segments: Retail Automotive, Retail Commercial Truck, Non-Automotive Investments, and Other.
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