Bahl & Gaynor Inc. raised its holdings in Penske Automotive Group, Inc. (NYSE:PAG) by 25.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,681 shares of the company’s stock after purchasing an additional 14,148 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.09% of Penske Automotive Group worth $1,923,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. US Bancorp DE lifted its position in Penske Automotive Group by 41.3% during the 1st quarter. US Bancorp DE now owns 1,197 shares of the company’s stock worth $34,000 after buying an additional 350 shares in the last quarter. Advisors Asset Management Inc. bought a new position in Penske Automotive Group in the 4th quarter worth approximately $86,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Penske Automotive Group by 42.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,076 shares of the company’s stock worth $86,000 after buying an additional 915 shares in the last quarter. Total Clarity Wealth Management Inc. acquired a new stake in shares of Penske Automotive Group in the 4th quarter valued at $126,000. Finally, Great West Life Assurance Co. Can bought a new stake in shares of Penske Automotive Group during the fourth quarter worth $134,000. Institutional investors own 39.74% of the company’s stock.

PAG traded down $0.48 during trading hours on Friday, hitting $36.71. 2,577 shares of the company’s stock were exchanged, compared to its average volume of 451,911. The company has a quick ratio of 0.22, a current ratio of 1.03 and a debt-to-equity ratio of 0.93. Penske Automotive Group, Inc. has a 1-year low of $19.99 and a 1-year high of $53.81. The stock’s 50-day moving average is $36.95 and its two-hundred day moving average is $41.02. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 4.23 and a beta of 1.64.

Penske Automotive Group (NYSE:PAG) last released its earnings results on Wednesday, May 6th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.05). The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.16 billion. Penske Automotive Group had a return on equity of 14.32% and a net margin of 1.72%. The business’s revenue was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 EPS. On average, equities research analysts anticipate that Penske Automotive Group, Inc. will post 2.6 EPS for the current year.

Several research analysts have recently issued reports on the stock. TheStreet lowered shares of Penske Automotive Group from a “b-” rating to a “c” rating in a research note on Monday, April 20th. Morgan Stanley lifted their price objective on Penske Automotive Group from $39.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Stephens decreased their target price on Penske Automotive Group from $60.00 to $45.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Zacks Investment Research lowered shares of Penske Automotive Group from a “hold” rating to a “sell” rating and set a $28.00 price objective on the stock. in a research note on Tuesday, April 7th. Finally, Benchmark raised shares of Penske Automotive Group from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $45.38.

Penske Automotive Group Company Profile

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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