SECOR Capital Advisors LP acquired a new position in shares of Penske Automotive Group, Inc. (NYSE:PAG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,409 shares of the company’s stock, valued at approximately $742,000.

Several other hedge funds have also recently added to or reduced their stakes in PAG. Bank of Montreal Can boosted its stake in Penske Automotive Group by 9.0% in the third quarter. Bank of Montreal Can now owns 2,412 shares of the company’s stock worth $116,000 after buying an additional 200 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Penske Automotive Group during the second quarter worth $122,000. Advisor Group Inc. raised its position in shares of Penske Automotive Group by 12.9% in the third quarter. Advisor Group Inc. now owns 3,082 shares of the company’s stock worth $149,000 after buying an additional 351 shares during the last quarter. Panagora Asset Management Inc. bought a new position in shares of Penske Automotive Group during the second quarter worth $159,000. Finally, Teacher Retirement System of Texas raised its position in shares of Penske Automotive Group by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,279 shares of the company’s stock worth $198,000 after buying an additional 763 shares during the last quarter. Institutional investors and hedge funds own 44.28% of the company’s stock.

Institutional Ownership by Quarter for Penske Automotive Group (NYSE:PAG)

Penske Automotive Group, Inc. (NYSE:PAG) traded down 0.23% during trading on Friday, hitting $52.31. 286,234 shares of the stock were exchanged. Penske Automotive Group, Inc. has a 52 week low of $29.29 and a 52 week high of $56.05. The firm has a market cap of $4.46 billion, a PE ratio of 13.75 and a beta of 1.44. The firm’s 50-day moving average is $52.52 and its 200 day moving average is $45.33.

Penske Automotive Group (NYSE:PAG) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.02. The company earned $5.20 billion during the quarter, compared to analyst estimates of $3.10 billion. Penske Automotive Group had a net margin of 1.64% and a return on equity of 18.88%. Penske Automotive Group’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.96 EPS. Analysts expect that Penske Automotive Group, Inc. will post $3.91 earnings per share for the current fiscal year.

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A number of brokerages recently weighed in on PAG. Gabelli raised shares of Penske Automotive Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 29th. Stifel Nicolaus lowered shares of Penske Automotive Group from a “buy” rating to a “hold” rating in a research note on Friday, September 16th. Zacks Investment Research lowered shares of Penske Automotive Group from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Finally, Evercore ISI lowered shares of Penske Automotive Group from a “hold” rating to a “sell” rating and set a $39.00 target price for the company. in a research note on Thursday, October 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Penske Automotive Group currently has an average rating of “Hold” and a consensus target price of $39.00.

Penske Automotive Group Company Profile

Penske Automotive Group, Inc is a transportation services company that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Company distributes commercial vehicles, diesel engines, gas engines, power systems and related parts, and services in Australia and New Zealand.

5 Day Chart for NYSE:PAG

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