Baker Ellis Asset Management LLC Reduces Stock Holdings in Penske Automotive Group, Inc. (NYSE:PAG)

Baker Ellis Asset Management LLC decreased its holdings in Penske Automotive Group, Inc. (NYSE:PAG) by 16.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,500 shares of the company’s stock after selling 300 shares during the period. Baker Ellis Asset Management LLC’s holdings in Penske Automotive Group were worth $229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Penske Automotive Group by 44.8% in the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock worth $40,000 after acquiring an additional 81 shares during the period. True Wealth Design LLC lifted its stake in Penske Automotive Group by 14,833.3% in the third quarter. True Wealth Design LLC now owns 448 shares of the company’s stock worth $73,000 after acquiring an additional 445 shares during the period. Transamerica Financial Advisors Inc. lifted its position in Penske Automotive Group by 45,300.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $74,000 after buying an additional 453 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Penske Automotive Group during the third quarter valued at $94,000. Finally, Capital Performance Advisors LLP purchased a new position in Penske Automotive Group during the third quarter valued at $112,000. Hedge funds and other institutional investors own 77.08% of the company’s stock.

Penske Automotive Group Stock Performance

Shares of Penske Automotive Group stock opened at $162.11 on Friday. Penske Automotive Group, Inc. has a 12 month low of $142.32 and a 12 month high of $179.72. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $159.55 and a two-hundred day simple moving average of $159.11. The firm has a market capitalization of $10.82 billion, a P/E ratio of 12.42 and a beta of 1.20.

Penske Automotive Group (NYSE:PAG) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $3.39 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($0.02). Penske Automotive Group had a net margin of 2.91% and a return on equity of 18.38%. The company had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter in the previous year, the business earned $3.90 earnings per share. Penske Automotive Group’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts forecast that Penske Automotive Group, Inc. will post 13.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Benchmark began coverage on Penske Automotive Group in a research report on Thursday, December 12th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $170.25.

About Penske Automotive Group

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. 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.