Wipfli Financial Advisors LLC Makes New Investment in Penske Automotive Group, Inc. (NYSE:PAG)

Wipfli Financial Advisors LLC purchased a new position in shares of Penske Automotive Group, Inc. (NYSE:PAGGet Rating) in the third quarter, HoldingsChannel reports. The fund purchased 323 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAG. JPMorgan Chase & Co. lifted its holdings in shares of Penske Automotive Group by 2.4% in the 1st quarter. JPMorgan Chase & Co. now owns 120,271 shares of the company’s stock valued at $11,272,000 after buying an additional 2,842 shares during the period. Raymond James & Associates increased its stake in shares of Penske Automotive Group by 9.7% in the 1st quarter. Raymond James & Associates now owns 32,424 shares of the company’s stock valued at $3,039,000 after purchasing an additional 2,877 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Penske Automotive Group by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 307,996 shares of the company’s stock valued at $28,864,000 after purchasing an additional 3,730 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Penske Automotive Group by 1.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,367 shares of the company’s stock worth $784,000 after buying an additional 137 shares in the last quarter. Finally, Citigroup Inc. increased its stake in Penske Automotive Group by 3.5% during the 1st quarter. Citigroup Inc. now owns 25,355 shares of the company’s stock worth $2,376,000 after buying an additional 860 shares in the last quarter. Institutional investors and hedge funds own 32.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on PAG shares. JPMorgan Chase & Co. cut their price objective on Penske Automotive Group from $125.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday, October 6th. StockNews.com lowered Penske Automotive Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 10th. Finally, Morgan Stanley dropped their price target on Penske Automotive Group from $93.00 to $88.00 and set an “underweight” rating for the company in a research report on Tuesday.

Penske Automotive Group Price Performance

PAG stock opened at $115.14 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.98 and a quick ratio of 0.25. The business has a 50 day simple moving average of $120.04 and a 200-day simple moving average of $113.27. The firm has a market capitalization of $8.21 billion, a PE ratio of 6.30, a price-to-earnings-growth ratio of 1.76 and a beta of 1.28. Penske Automotive Group, Inc. has a 1 year low of $88.58 and a 1 year high of $131.55.

Penske Automotive Group (NYSE:PAGGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The company reported $4.61 EPS for the quarter, beating analysts’ consensus estimates of $4.38 by $0.23. Penske Automotive Group had a return on equity of 33.86% and a net margin of 5.14%. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.79 billion. During the same period in the prior year, the firm posted $4.46 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts anticipate that Penske Automotive Group, Inc. will post 18.35 earnings per share for the current fiscal year.

Penske Automotive Group Profile

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Penske Automotive Group, Inc operates as an international transportation services company. Which engages in the distribution of commercial vehicles, diesel engines, gas engines, power systems and related parts & services. It operates through the following segments: Retail Automotive, Retail Commercial Truck, Non-Automotive Investments, and Other.

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

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