Cookson Peirce & Co. Inc. Has $322,000 Position in Penske Automotive Group, Inc. (NYSE:PAG)

Cookson Peirce & Co. Inc. raised its position in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 23.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,009 shares of the company’s stock after purchasing an additional 385 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Penske Automotive Group were worth $322,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PAG. Moneta Group Investment Advisors LLC bought a new stake in Penske Automotive Group in the fourth quarter worth $260,702,000. Envestnet Asset Management Inc. boosted its holdings in Penske Automotive Group by 3,459.1% during the first quarter. Envestnet Asset Management Inc. now owns 618,926 shares of the company’s stock valued at $1,783,000 after acquiring an additional 601,536 shares during the period. Balyasny Asset Management L.P. boosted its holdings in Penske Automotive Group by 491.7% during the first quarter. Balyasny Asset Management L.P. now owns 348,863 shares of the company’s stock valued at $49,472,000 after acquiring an additional 289,902 shares during the period. Norges Bank bought a new stake in Penske Automotive Group during the fourth quarter valued at about $25,163,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Penske Automotive Group by 2,465.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 205,296 shares of the company’s stock valued at $21,492,000 after acquiring an additional 197,293 shares during the period. 77.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PAG shares. Bank of America upped their price target on shares of Penske Automotive Group from $175.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Morgan Stanley increased their target price on shares of Penske Automotive Group from $107.00 to $115.00 and gave the company an “underweight” rating in a research note on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Penske Automotive Group has a consensus rating of “Hold” and an average target price of $163.20.

Insider Buying and Selling

In related news, Director Greg C. Smith sold 1,604 shares of Penske Automotive Group stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $149.38, for a total transaction of $239,605.52. Following the completion of the sale, the director now owns 51,001 shares of the company’s stock, valued at approximately $7,618,529.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director John Barr sold 1,600 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $154.05, for a total transaction of $246,480.00. Following the transaction, the director now directly owns 716 shares of the company’s stock, valued at $110,299.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Greg C. Smith sold 1,604 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $149.38, for a total transaction of $239,605.52. Following the transaction, the director now directly owns 51,001 shares in the company, valued at $7,618,529.38. The disclosure for this sale can be found here. 51.70% of the stock is currently owned by insiders.

Penske Automotive Group Trading Down 1.0 %

Shares of NYSE PAG opened at $149.02 on Thursday. The company’s fifty day moving average is $153.21 and its 200-day moving average is $153.04. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 9.63 and a beta of 1.19. Penske Automotive Group, Inc. has a twelve month low of $133.72 and a twelve month high of $180.84. The company has a quick ratio of 0.25, a current ratio of 1.00 and a debt-to-equity ratio of 0.30.

Penske Automotive Group (NYSE:PAG) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $3.45 EPS for the quarter, missing analysts’ consensus estimates of $3.66 by ($0.21). The company had revenue of $7.27 billion for the quarter, compared to analyst estimates of $7.18 billion. Penske Automotive Group had a return on equity of 24.19% and a net margin of 3.57%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.21 earnings per share. Equities research analysts predict that Penske Automotive Group, Inc. will post 13.83 EPS for the current year.

Penske Automotive Group Profile

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.