Penske Automotive Group (PAG) Getting Very Favorable Media Coverage, AlphaOne Reports

Modesto Morganelli
Ottobre 13, 2017

Penske Automotive Group (NYSE:PAG) traded up 0.96% during midday trading on Friday, reaching $43.01. The fund owned 15,525 shares of the company's stock after purchasing an additional 10,386 shares during the period.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st.

The share price of Group 1 Automotive, Inc.

On 1/28/2014 Penske Automotive Group, Inc. announced a quarterly dividend of $0.18. PEAK6 Investments L.P. now owns 5,046 shares of the company's stock valued at $236,000 after purchasing an additional 4,960 shares during the last quarter. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive, Inc. with MarketBeat.com's FREE daily email newsletter. Ubs Group Ag now holds 38,671 shares with a value of $1,698,000. The ex-dividend date was set for Tuesday the 8th of August 2017. The shares were sold at an average price of $66.99, for a total value of $669,900.00.

On 6/1/2017 Robert H Kurnick Jr, President, sold 11,172 with an average share price of $42.48 per share and the total transaction amounting to $474,586.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

COPYRIGHT VIOLATION WARNING: "Group 1 Automotive, Inc. (PAG)" was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2017/10/11/citigroup-inc-has-681000-stake-in-penske-automotive-group-inc-pag.html. Invictus RG lifted its stake in shares of Group 1 Automotive by 435.1% in the 1st quarter. (PAG) opened at 46.21 on Wednesday.

The next payable dividend for Penske Automotive Group, Inc.is scheduled for 12/1/2017. Group 1 Automotive, Inc. has a 52-week low of 51.62 and a 52-week high of 83.18.

Recent Insider Trading for Penske Automotive Group, Inc. The dividend payment was $0.320 per share for the quarter which comes to $1.28 on an annualized basis. The firm had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $4.85 billion. Penske Automotive Group had a return on equity of 19.31% and a net margin of 1.70%. The business's revenue for the quarter was up 2.5% compared to the same quarter previous year. Analysts expect next quarter's EPS to be $0.98 and the next full year EPS is projected to be $4.55. On average, equities research analysts anticipate that Penske Automotive Group, Inc. will post $4.30 earnings per share for the current year.

Several Wall Street investment firms have weighed in on PAG recently. KeyCorp reaffirmed a "hold" rating on shares of Group 1 Automotive in a research report on Wednesday, October 4th. Zacks Investment Research lowered Group 1 Automotive from a "hold" rating to a "sell" rating in a research report on Monday, October 2nd. They now have a Dollars 87 price target on the stock. They now have a United States dollars 67 price target on the stock. The company has a consensus rating of "Hold" and an average price target of $55.00.

02/02/2017 - Susquehanna began new coverage on Group 1 Automotive, Inc. giving the company a "neutral" rating. The Company operates automotive and commercial truck dealerships principally in the United States, Canada and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services principally in Australia and New Zealand.

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