Virtu Financial LLC Acquires Shares of 4,225 Penske Automotive Group, Inc. $PAG

Virtu Financial LLC acquired a new stake in shares of Penske Automotive Group, Inc. (NYSE:PAG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,225 shares of the company’s stock, valued at approximately $669,000.

Several other large investors have also recently made changes to their positions in PAG. Navalign LLC purchased a new stake in shares of Penske Automotive Group in the fourth quarter worth about $26,000. International Assets Investment Management LLC purchased a new position in Penske Automotive Group during the 4th quarter valued at approximately $30,000. Rothschild Investment LLC grew its holdings in Penske Automotive Group by 37.5% during the 4th quarter. Rothschild Investment LLC now owns 242 shares of the company’s stock valued at $38,000 after buying an additional 66 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Penske Automotive Group in the 1st quarter worth approximately $42,000. Finally, Global Retirement Partners LLC increased its stake in Penske Automotive Group by 186.6% in the 4th quarter. Global Retirement Partners LLC now owns 321 shares of the company’s stock worth $51,000 after acquiring an additional 209 shares during the last quarter. 77.08% of the stock is owned by institutional investors.

Penske Automotive Group Trading Down 0.1%

Shares of PAG stock opened at $175.02 on Tuesday. The company has a market cap of $11.51 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 2.27 and a beta of 0.87. Penske Automotive Group, Inc. has a 1 year low of $140.12 and a 1 year high of $189.51. The stock’s 50 day simple moving average is $167.67 and its two-hundred day simple moving average is $162.47. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.96 and a quick ratio of 0.22.

Penske Automotive Group (NYSE:PAG) last announced its earnings results on Wednesday, April 29th. The company reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. The firm had revenue of $7.86 billion during the quarter, compared to analysts’ expectations of $7.71 billion. Penske Automotive Group had a return on equity of 15.13% and a net margin of 2.85%.The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.66 EPS. Research analysts predict that Penske Automotive Group, Inc. will post 13.46 earnings per share for the current year.

Penske Automotive Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 26th were given a $1.42 dividend. This is a boost from Penske Automotive Group’s previous quarterly dividend of $1.40. This represents a $5.68 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, May 26th. Penske Automotive Group’s dividend payout ratio is 42.39%.

Insider Buying and Selling at Penske Automotive Group

In other Penske Automotive Group news, Director Greg C. Smith sold 1,488 shares of Penske Automotive Group stock in a transaction on Monday, May 18th. The shares were sold at an average price of $160.02, for a total transaction of $238,109.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michelle Hulgrave sold 1,500 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $171.80, for a total transaction of $257,700.00. Following the transaction, the chief financial officer owned 17,596 shares in the company, valued at $3,022,992.80. This trade represents a 7.86% decrease in their position. The disclosure for this sale is available in the SEC filing. 52.90% of the stock is owned by insiders.

Analysts Set New Price Targets

PAG has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on Penske Automotive Group from $165.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. UBS Group assumed coverage on shares of Penske Automotive Group in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $167.00 price target on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Penske Automotive Group in a research report on Thursday, June 11th. Barclays decreased their price target on shares of Penske Automotive Group from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Finally, Stephens lifted their price objective on shares of Penske Automotive Group from $155.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Penske Automotive Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.62.

Penske Automotive Group Company Profile

Penske Automotive Group, Inc (NYSE: PAG), headquartered in Bloomfield Township, Michigan, is an international transportation services company primarily focused on automotive and commercial truck dealerships. The company retails new and pre-owned vehicles across a broad spectrum of brands, while offering parts, maintenance, collision repair and reconditioning services. In addition, Penske provides financing and insurance products through its integrated finance and insurance operations, supporting both retail customers and commercial clients.

Formed in 1990 as United Auto Group and publicly traded since 1999, Penske Automotive Group has grown through organic expansion and strategic acquisitions to establish a network of dealerships and service centers across the United States and Europe.