Fiduciary Management INC Has Boosted Its Penske Automotive (PAG) Stake by $18.41 Million; Stock Value Rose

Penske Automotive Group, Inc. (NYSE:PAG) LogoInvestors sentiment decreased to 0.69 in Q2 2019. Its down 0.32, from 1.01 in 2019Q1. It worsened, as 33 investors sold PAG shares while 79 reduced holdings. 31 funds opened positions while 46 raised stakes. 34.36 million shares or 2.93% less from 35.39 million shares in 2019Q1 were reported. Gilder Gagnon Howe And Llc has 0.03% invested in Penske Automotive Group, Inc. (NYSE:PAG). State Of Wisconsin Board reported 4,972 shares or 0% of all its holdings. Brandywine Global Inv Mgmt Limited Liability stated it has 247,579 shares. Virtu Financial Ltd invested in 0.02% or 8,930 shares. Oppenheimer And Inc has 6,696 shares for 0.01% of their portfolio. Utah Retirement Systems stated it has 0.01% in Penske Automotive Group, Inc. (NYSE:PAG). Tower Capital Ltd Liability Corp (Trc) reported 796 shares or 0% of all its holdings. 7,009 are held by Amalgamated Bank & Trust. Voya Invest Management Limited reported 41,415 shares. Prudential Fin holds 158,462 shares. Credit Suisse Ag reported 28,820 shares. Lowe Brockenbrough & Inc invested 0.14% in Penske Automotive Group, Inc. (NYSE:PAG). Brown Brothers Harriman & Co holds 0% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG) for 150 shares. Sei Invs Commerce holds 35,566 shares or 0.01% of its portfolio. Parametric Assocs Ltd stated it has 65,700 shares.

Fiduciary Management Inc increased its stake in Penske Automotive (PAG) by 26.88% based on its latest 2019Q2 regulatory filing with the SEC. Fiduciary Management Inc bought 391,808 shares as the company’s stock rose 1.34% . The institutional investor held 1.85M shares of the consumer durables company at the end of 2019Q2, valued at $87.98 million, up from 1.46M at the end of the previous reported quarter. Fiduciary Management Inc who had been investing in Penske Automotive for a number of months, seems to be bullish on the $3.62B market cap company. The stock increased 1.97% or $0.85 during the last trading session, reaching $44.08. About 424,875 shares traded or 24.05% up from the average. Penske Automotive Group, Inc. (NYSE:PAG) has declined 11.34% since October 12, 2018 and is downtrending. It has underperformed by 11.34% the S&P500.

Fiduciary Management Inc, which manages about $20.63 billion and $16.90B US Long portfolio, decreased its stake in Unitedhealth Group (NYSE:UNH) by 98,790 shares to 3.47M shares, valued at $679.64M in 2019Q2, according to the filing. It also reduced its holding in Honeywell Int’l. Inc. (NYSE:HON) by 136,287 shares in the quarter, leaving it with 4.52 million shares, and cut its stake in Berkshire Hath. Cl B (BRKB).

More notable recent Penske Automotive Group, Inc. (NYSE:PAG) news were published by: Seekingalpha.com which released: “Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” on July 26, 2018, also Fool.com with their article: “1 Analyst Prefers Penske Over AutoNation: What You Need to Know – Motley Fool” published on August 24, 2018, Fool.com published: “Penske Automotive Group Inc (PAG) Q3 2018 Earnings Conference Call Transcript – Motley Fool” on October 26, 2018. More interesting news about Penske Automotive Group, Inc. (NYSE:PAG) were released by: Prnewswire.com and their article: “Penske Automotive Reports Second Quarter 2019 Results – PRNewswire” published on July 30, 2019 as well as Seekingalpha.com‘s news article titled: “Roger Penske Is A Winner And So Is Penske Automotive Group – Seeking Alpha” with publication date: December 05, 2018.

Penske Automotive Group, Inc. (NYSE:PAG) Ratings Coverage

Among 2 analysts covering Penske Automotive Group (NYSE:PAG), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Penske Automotive Group has $5700 highest and $50 lowest target. $53.50’s average target is 21.37% above currents $44.08 stock price. Penske Automotive Group had 3 analyst reports since April 16, 2019 according to SRatingsIntel. Morgan Stanley maintained it with “Overweight” rating and $5700 target in Friday, August 2 report. The firm has “Hold” rating by J.P. Morgan given on Friday, June 21. Morgan Stanley maintained the shares of PAG in report on Tuesday, April 16 with “Overweight” rating.

Penske Automotive Group, Inc. (NYSE:PAG) Institutional Positions Chart

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