Zebra Capital Management LLC lowered its holdings in Penske Automotive Group, Inc. (NYSE:PAG) by 21.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,121 shares of the company’s stock after selling 5,438 shares during the period. Zebra Capital Management LLC’s holdings in Penske Automotive Group were worth $943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LSV Asset Management boosted its holdings in Penske Automotive Group by 2.2% in the 2nd quarter. LSV Asset Management now owns 2,698,729 shares of the company’s stock valued at $126,435,000 after purchasing an additional 59,311 shares during the period. Koch Industries Inc. bought a new stake in Penske Automotive Group in the 1st quarter valued at about $480,000. Cooke & Bieler LP boosted its holdings in Penske Automotive Group by 8.2% in the 2nd quarter. Cooke & Bieler LP now owns 242,579 shares of the company’s stock valued at $11,365,000 after purchasing an additional 18,372 shares during the period. GAM Holding AG boosted its holdings in Penske Automotive Group by 1.6% in the 2nd quarter. GAM Holding AG now owns 284,551 shares of the company’s stock valued at $13,331,000 after purchasing an additional 4,551 shares during the period. Finally, Bruni J V & Co. Co. boosted its holdings in Penske Automotive Group by 1.0% in the 2nd quarter. Bruni J V & Co. Co. now owns 281,057 shares of the company’s stock valued at $13,168,000 after purchasing an additional 2,653 shares during the period. 43.38% of the stock is owned by hedge funds and other institutional investors.

Shares of Penske Automotive Group stock opened at $52.59 on Friday. Penske Automotive Group, Inc. has a 1-year low of $41.74 and a 1-year high of $54.83. The company has a quick ratio of 0.22, a current ratio of 1.01 and a debt-to-equity ratio of 0.82. The company has a market cap of $4.43 billion, a PE ratio of 12.20, a PEG ratio of 1.44 and a beta of 1.47.

Penske Automotive Group (NYSE:PAG) last issued its quarterly earnings results on Thursday, July 26th. The company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.14. Penske Automotive Group had a net margin of 2.95% and a return on equity of 17.68%. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.82 billion. During the same quarter in the prior year, the firm posted $1.27 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. research analysts forecast that Penske Automotive Group, Inc. will post 5.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Friday, August 10th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Thursday, August 9th. This is an increase from Penske Automotive Group’s previous quarterly dividend of $0.35. Penske Automotive Group’s dividend payout ratio is 33.41%.

A number of analysts have issued reports on the stock. SunTrust Banks assumed coverage on shares of Penske Automotive Group in a report on Friday, August 24th. They issued a “buy” rating and a $60.00 price objective for the company. Zacks Investment Research raised shares of Penske Automotive Group from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Tuesday, June 19th. Guggenheim set a $58.00 price objective on shares of Penske Automotive Group and gave the company a “buy” rating in a report on Friday, July 27th. Finally, Morgan Stanley raised shares of Penske Automotive Group to a “buy” rating in a report on Tuesday, July 10th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $59.13.

About Penske Automotive Group

Penske Automotive Group, Inc operates as a transportation services company. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand.

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

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