Penske Automotive Group (PAG) : Messner Smith Theme Value Investment Management Ltd Ca added new position in Penske Automotive Group during the most recent quarter end. The investment management firm now holds 36,609 shares of Penske Automotive Group which is valued at $1,511,220 , the company said in a statement filed on Aug 10, 2016 with the SEC.Penske Automotive Group makes up approximately 2.60% of Messner Smith Theme Value Investment Management Ltd Ca’s portfolio.
Other Hedge Funds, Including , Cooke Bieler Lp boosted its stake in PAG in the latest quarter, The investment management firm added 191,499 additional shares and now holds a total of 350,744 shares of Penske Automotive Group which is valued at $13,896,477. Penske Automotive Group makes up approx 0.30% of Cooke Bieler Lp’s portfolio.American Century Companies Inc boosted its stake in PAG in the latest quarter, The investment management firm added 34,111 additional shares and now holds a total of 447,024 shares of Penske Automotive Group which is valued at $15,936,406. Penske Automotive Group makes up approx 0.02% of American Century Companies Inc’s portfolio.Gw&k Investment Management boosted its stake in PAG in the latest quarter, The investment management firm added 40,086 additional shares and now holds a total of 257,472 shares of Penske Automotive Group which is valued at $8,563,519. Penske Automotive Group makes up approx 0.17% of Gw&k Investment Management’s portfolio.
Penske Automotive Group closed down -0.35 points or -0.82% at $42.57 with 8,12,563 shares getting traded on Friday. Post opening the session at $42.44, the shares hit an intraday low of $42.01 and an intraday high of $42.805 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Penske Automotive Group reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.09. The company had revenue of $5254.10 million for the quarter, compared to analysts expectations of $5189.47 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.
Many Wall Street Analysts have commented on Penske Automotive Group. Penske Automotive Group was Initiated by Seaport Global Securities to “Neutral” on Aug 9, 2016. Penske Automotive Group was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Jun 28, 2016.
Penske Automotive Group Inc. is a transportation services company that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Company distributes commercial vehicles diesel engines gas engines power systems and related parts and services in Australia and New Zealand. The Company operates in two segments: Retail Automotive which includes the Companys retail automotive dealership operations and Other which include the Companys retail commercial vehicle dealership operations commercial vehicle distribution operations and its investments in non-automotive retail operations. The individual dealership operations of Retail Automotive segment operates in four geographic regions: Eastern Central Western United States and International. As of December 31 2014 the Company operated 327 automotive retail franchises of which 179 franchises are located in the United States and 148 franchises are located outside of the United States.