First Hawaiian Bank Has $342,000 Stake in Penske Automotive Group, Inc. (NYSE:PAG)

First Hawaiian Bank trimmed its position in shares of Penske Automotive Group, Inc. (NYSE:PAGGet Rating) by 45.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,653 shares of the company’s stock after selling 3,038 shares during the period. First Hawaiian Bank’s holdings in Penske Automotive Group were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Walleye Capital LLC boosted its position in Penske Automotive Group by 1,223.4% during the fourth quarter. Walleye Capital LLC now owns 64,462 shares of the company’s stock worth $6,912,000 after purchasing an additional 59,591 shares during the period. Quent Capital LLC bought a new position in Penske Automotive Group during the fourth quarter worth $115,000. Barclays PLC boosted its position in Penske Automotive Group by 32.8% during the fourth quarter. Barclays PLC now owns 49,781 shares of the company’s stock worth $5,338,000 after purchasing an additional 12,305 shares during the period. HB Wealth Management LLC bought a new position in Penske Automotive Group during the fourth quarter worth $410,000. Finally, Shellback Capital LP bought a new position in Penske Automotive Group during the fourth quarter worth $3,259,000. 50.13% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the stock. StockNews.com raised shares of Penske Automotive Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 7th. JPMorgan Chase & Co. reduced their target price on shares of Penske Automotive Group from $120.00 to $105.00 and set a “neutral” rating for the company in a research report on Thursday, April 7th. Finally, Morgan Stanley boosted their target price on shares of Penske Automotive Group from $90.00 to $95.00 and gave the company an “underweight” rating in a research report on Tuesday, March 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Penske Automotive Group has a consensus rating of “Moderate Buy” and a consensus price target of $116.80.

PAG stock opened at $105.94 on Friday. The company has a market cap of $8.04 billion, a PE ratio of 6.08 and a beta of 1.24. The business has a 50-day simple moving average of $109.56 and a 200 day simple moving average of $103.88. Penske Automotive Group, Inc. has a 52 week low of $73.11 and a 52 week high of $123.60. The company has a quick ratio of 0.26, a current ratio of 0.97 and a debt-to-equity ratio of 0.33.

Penske Automotive Group (NYSE:PAGGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $4.76 EPS for the quarter, beating analysts’ consensus estimates of $3.94 by $0.82. The business had revenue of $6.98 billion during the quarter, compared to the consensus estimate of $6.32 billion. Penske Automotive Group had a return on equity of 35.33% and a net margin of 5.13%. Penske Automotive Group’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.26 earnings per share. On average, analysts anticipate that Penske Automotive Group, Inc. will post 17.38 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Monday, May 23rd were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Friday, May 20th. This is an increase from Penske Automotive Group’s previous quarterly dividend of $0.47. Penske Automotive Group’s payout ratio is 11.48%.

Penske Automotive Group Company Profile (Get Rating)

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.

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

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