Penske Automotive Group Inc (NYSE: PAG) is 5.29% higher on its value in year-to-date trading and has touched a low of $142.32 and a high of $179.72 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PAG stock was last observed hovering at around $159.70 in the last trading session, with the day’s gains setting it 0.8%.
Currently trading at $160.50, the stock is 3.64% and 0.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing 0.50% at the moment leaves the stock 2.51% off its SMA200. PAG registered 6.80% gain for a year compared to 6-month gain of 1.12%. The firm has a 50-day simple moving average (SMA 50) of $159.681 and a 200-day simple moving average (SMA200) of $156.5758.
The stock witnessed a -2.21% loss in the last 1 month and extending the period to 3 months gives it a 1.63%, and is 6.12% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.52% over the week and 1.95% over the month.
Penske Automotive Group Inc (PAG) has around 28000 employees, a market worth around $10.72B and $30.01B in sales. Current P/E ratio is 12.31 and Fwd P/E is 11.45. Profit margin for the company is 2.91%. Distance from 52-week low is 12.77% and -10.69% from its 52-week high. The company has generated returns on investments over the last 12 months (9.95%).
with sales reaching $7.59B over the same period.The EPS is expected to shrink by -16.08% this year, but quarterly earnings will post 3.05% year-over-year. Quarterly sales are estimated to grow 4.32% in year-over-year returns.
Penske Automotive Group Inc (PAG) Top Institutional Holders
478.0 institutions hold shares in Penske Automotive Group Inc (PAG), with institutional investors hold 95.77% of the company’s shares. The shares outstanding are 66.77M, and float is at 18.45M with Short Float at 5.57%. Institutions hold 75.59% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.42 million shares valued at $360.61 million. The investor’s holdings represent 3.6085% of the PAG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.01 million shares valued at $299.1 million to account for 2.9929 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 1.69 million shares representing 2.5143% and valued at over $251.27 million, while LSV ASSET MANAGEMENT holds 1.5539 of the shares totaling 1.04 million with a market value of $155.29 million.
Penske Automotive Group Inc (PAG) Insider Activity
The most recent transaction is an insider sale by BARR JOHN, the company’s Director. SEC filings show that BARR JOHN sold 716 shares of the company’s common stock on Aug 01 ’24 at a price of $170.71 per share for a total of $0.12 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on Jun 03 ’24, Hulgrave Michelle (EVP & CFO) disposed off 2,000 shares at an average price of $153.15 for $0.31 million. The insider now directly holds 19,269 shares of Penske Automotive Group Inc (PAG).
