PAG - Penske Automotive Group, Inc.

NYSE - NYSE Delayed Price. Currency in USD
44.17
+0.41 (+0.94%)
At close: 4:02PM EDT
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Trade prices are not sourced from all markets
Previous Close43.76
Open43.95
Bid39.43 x 1100
Ask46.00 x 1000
Day's Range43.75 - 44.52
52 Week Range38.49 - 53.84
Volume368,697
Avg. Volume452,111
Market Cap3.695B
Beta (3Y Monthly)1.51
PE Ratio (TTM)8.09
EPS (TTM)5.46
Earnings DateJul 24, 2019 - Jul 29, 2019
Forward Dividend & Yield1.46 (3.18%)
Ex-Dividend Date2019-05-17
1y Target Est59.63
  • Top 7 Service Sector Stocks That Will Pay You to Own Them
    InvestorPlace14 hours ago

    Top 7 Service Sector Stocks That Will Pay You to Own Them

    Editor's note: This story was previously published in March 2019. It has since been updated and republished.Despite common economic challenges, services stocks present a viable opportunity. The most obvious tailwind is that American society mostly transitioned to a service-based economy. According to the International Trade Administration, 80% of private-sector jobs are levered to the service industry. More critically, we're really good at what we do.For the past year, President Donald Trump complained bitterly about trade-imbalances with other nations, particularly China. However, the Trump administration never says a word about the services trade, where we enjoy a robust surplus. Naturally, this dynamic boosts the case for services stocks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Safe Stocks to Buy This Summer Another favorable factor is that several publicly traded companies in this sector are also dividend stocks. During uncertain phases, these passive-income generating names provide practically-guaranteed returns. Additionally, dividend-payers tend to perform better during bear markets.Finally, the service sector covers a wide range of opportunities. From retail to entertainment to communications, you'll have no shortage of options. Here are seven services stocks that will generate consistent, passive income for your portfolio:Source: Shutterstock United Parcel Service (UPS)Few service-based companies offer as much upside potential as e-commerce firms. However, popular names like Amazon (NASDAQ:AMZN) are not dividend stocks, but rather, operate purely on a capital-gains basis. So the next best thing is the transportation middleman, namely United Parcel Service (NYSE:UPS).Of course, the immediate criticism is that Amazon's venture into in-house product mailing solutions will completely disrupt UPS stock. Certainly, the situation looks bad for the courier. However, UPS responded with their own e-fulfillment service, and it has more credibility than Amazon can dream about.While I respect the e-commerce giant, UPS has an established transportation network. In terms of scales of economy, UPS stock easily wins out. Plus, the company pays out a generous dividend yield at 4.2%. You're just not going to get that with most services stocks levered purely to e-commerce.Source: Shutterstock Penske Automotive Group (PAG)With the advent and later dominance of ride-sharing apps like Uber and Lyft, the concept of buying cars is steadily becoming archaic. In my first-ever Uber ride, my driver told me his personal forecast: people will stop purchasing cars and transition to ride-sharing full-time.If such a prediction comes true, services stocks like Penske Automotive Group (NYSE:PAG) would simply implode. Although I'm not going to necessarily disagree with my driver -- gotta keep my five-star rating! -- the automotive still breathes. * 6 Stocks to Buy for This Decade's Massive Megatrend One of the main factors keeping PAG stock in the running is practicality. Sure, ride-sharing apps have added options to the mix. However, nothing beats the convenience and cost-savings of driving yourself to your desired destination.With Penske's massive dealership network, they consolidate whatever sales opportunities exist, eating alive the small guys. This stinks if you're on the receiving end of this tactic. However, for stakeholders in PAG stock, they're not complaining, especially because of its 3.54% yield.Source: Mike Mozart via Flickr H&R Block (HRB)All services stocks provide important, and often necessary functions to society. However, no one has such an extreme love-hate dynamic like H&R Block (NYSE:HRB). Tax season is always a difficult time for families this time of year. Even if you're due for a refund, you don't like the paperwork involved.Of course, HRB stock makes a case for itself by alleviating this pressure for many families. This year, and moving forward, H&R Block presents an even more valuable service. That's because several taxpayers complained about the complexities and the surprise tax hit they incurred due to new laws.Moreover, the "gig economy" reshaped the labor force, with many (usually young) workers eschewing the corporate ladder for professional autonomy. Usually, though, this implies that these workers are independent contractors, which is a much more complicated tax process than being a run-of-the-mill employee.As such, you can expect HRB stock to significantly rise higher. And if not, the company is among the higher-paying dividend stocks, with a 3.68% yield.Source: Shutterstock Verizon (VZ)I'm usually not into dividend stocks as they don't fit my risk-taking personality. However, I recently took a shot with AT&T (NYSE:T). To summarize my bullish case for the telecom giant, I only need one "word," which obviously is 5G.However, AT&T isn't the only name among services stocks to benefit from the next-generation in wireless technology. Rival Verizon Communications (NYSE:VZ) offers similar fundamental upside. In fact, Verizon won a critical PR victory, becoming the first commercial 5G provider. But other reasons exist why you should consider VZ stock. * 7 Safe Stocks to Buy for Anxious Investors While I'm partial to AT&T as an investment, the company has leveraged itself with aggressive acquisitions. If they don't pan out, T shares will have serious problems. True, VZ stock isn't perfect in this department, but it's more stable than its core competitor.For this stability, you're not missing out that much in terms of passive income. Currently, Verizon offers a generous 4.09% dividend yield.Source: Flazingo Photos Via Flickr BG Staffing (BGSF)Back during the "analog" days, services stocks in the staff-sourcing industry had substantial relevancy. Primarily, organizations like BG Staffing (NYSEAMERICAN:BGSF) provided a useful platform for young workers to get their first professional job. Also, they helped get transitioning workers back on their feet.But with the rise of digitalization, along with social media outlets like Facebook (NASDAQ:FB), BGSF stock appears anachronistic. Often times, it's not about what you know, but who you know. Recent technologies have only made this adage frustratingly accurate, depending on your perspective.Still, I like BGSF stock and its chances to work its way out of its long-term funk. As I mentioned with H&R Block, BG Staffing benefits from the autonomous gig economy. Due to various factors such as changing employment dynamics, millennials won't typically stay at one job indefinitely.Admittedly, you'll probably need patience with BGSF stock. But while you're waiting, it's one of the highest-paying dividend stocks, featuring a 5.95% yield.Source: Jeremy Thompson via Flickr Six Flags Entertainment (SIX)Many investors have the mistaken impression that services stocks are boring; indeed, the name itself doesn't generate much excitement. However, this sector doesn't have to induce you into a coma, as renowned theme park Six Flags Entertainment (NYSE:SIX) proves.Famous (or notorious) for its stomach-churning rides, SIX stock has generated long-term gains since its initial public offering. Unfortunately, recent market sessions have offered the same diabolical sensations as you would get riding the theme park's "Full Throttle." * 7 Stocks to Buy for Over 20% Upside Potential Much of the volatility stems from SIX stock not recovering from its fourth-quarter 2018 earnings report. Although the company handily beat expectations for earnings per share, revenues disappointed against expectations. Six Flags delayed opening new locations in China due to its slowing economy.However, don't forget that revenues have consistently increased over the years. Furthermore, a possible trade deal between the U.S. and China would skyrocket SIX stock. Because of the risks involved, the company pays out a 6.37% dividend yield.Source: ATLAS Social Media via Flickr National CineMedia (NCMI)I concede that National CineMedia (NASDAQ:NCMI) is a tough pill to swallow. The broader market downturn has disproportionately impacted services stocks related to the cineplex industry. After gaining 10% in March it gave back all of that and then some, losing about 4% compared with this time last year.Given the popularity of streaming-entertainment firms like Netflix (NASDAQ:NFLX), National CineMedia seemingly has no chance. However, I'd advise against knee-jerk reactions when assessing NCMI stock. The box office, though a legacy institution, remains very much relevant in the 21st century.How, you may ask? Simply, cineplex operators provide a social experience that streaming-related services stocks cannot. In dying shopping malls, astute developers refocused their efforts to provide event-based attractions for family-oriented Hispanic communities, to resounding successes. Against a comparable backdrop, NCMI stock may receive a similar lift.If nothing else, National CineMedia is one of the most generous, legitimate dividend stocks. With a yield of 9.84%, it's a risky but incredibly attractive proposition.As of this writing, Josh Enomoto was long AT&T stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Top 7 Service Sector Stocks That Will Pay You to Own Them appeared first on InvestorPlace.

  • Benzingayesterday

    Penske Logistics To Lay Off 80 Drivers, Close Terminal In Indiana

    A major logistics company announced it is laying off 80 drivers and will close its terminal in Fort Wayne, Indiana, in July. Pennsylvania-based Penske Logistics said the closure is in response to a "recent local trucking contract termination," according to the federal Worker Adjustment and Retraining Notification (WARN) that it filed with the Indiana Department of Workforce Development on May 18. "As we have extensive trucking operations, Penske Logistics is working to identify other potential employment opportunities for these employees at other locations within the company once this contract concludes July 20," Alen Beljin, public relations manager of Penske, said in a statement to FreightWaves.

  • Markit11 days ago

    See what the IHS Markit Score report has to say about Penske Automotive Group Inc.

    Penske Automotive Group Inc NYSE:PAGView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is moderate * Economic output in this company's sector is expanding Bearish sentimentShort interest | NeutralShort interest is moderate for PAG with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $1.79 billion over the last one-month into ETFs that hold PAG are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • MarketWatch16 days ago

    Penske Automotive raises quarterly dividend to 39 cents vs. 38 cents a share

    Penske Automotive Group Inc. said Thursday it is raising its quarterly cash dividend to 39 cents a share. The last dividend paid was 38 cents a share. The new dividend will be payable June 4 to shareholders of record as of May 20. Shares were not active premarket but have fallen 1.5% in the last 12 months, while the S&P 500 has gained 6.7%.

  • Penske Automotive Increases Dividend to $0.39 Per Share
    PR Newswire16 days ago

    Penske Automotive Increases Dividend to $0.39 Per Share

    BLOOMFIELD HILLS, Mich. , May 9, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved ...

  • PR Newswire16 days ago

    SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Penske Automotive Group, Inc. for Potential Breaches Of Fiduciary Duty By Its Board of Directors

    NEW YORK , May 8, 2019 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim ...

  • The Penske Automotive Group (NYSE:PAG) Share Price Is Up 23% And Shareholders Are Holding On
    Simply Wall St.17 days ago

    The Penske Automotive Group (NYSE:PAG) Share Price Is Up 23% And Shareholders Are Holding On

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Investors can buy low cost index fund if they want to receive the average market return. Bu...

  • The Zacks Analyst Blog Highlights: AutoNation, Penske, Automotive and Lithia
    Zacks22 days ago

    The Zacks Analyst Blog Highlights: AutoNation, Penske, Automotive and Lithia

    The Zacks Analyst Blog Highlights: AutoNation, Penske, Automotive and Lithia

  • Auto Stock Roundup: F, GM, PAG, PCAR & GT Q1 Earnings Beat
    Zacks23 days ago

    Auto Stock Roundup: F, GM, PAG, PCAR & GT Q1 Earnings Beat

    Ford (F), PACCAR (PCAR) and Goodyear (GT) report earnings and revenue beat in first-quarter 2019.

  • Auto Retail & Whole Sales Industry Near-Term Prospects Bright
    Zacks23 days ago

    Auto Retail & Whole Sales Industry Near-Term Prospects Bright

    Auto Retail & Whole Sales Industry Near-Term Prospects Bright

  • Thomson Reuters StreetEvents26 days ago

    Edited Transcript of PAG earnings conference call or presentation 25-Apr-19 6:00pm GMT

    Q1 2019 Penske Automotive Group Inc Earnings Call

  • Penske Automotive (PAG) Earnings Surpass Estimates in Q1
    Zacks29 days ago

    Penske Automotive (PAG) Earnings Surpass Estimates in Q1

    In first-quarter 2019, Penske Automotive's (PAG) revenues miss estimates and decline year over year.

  • Falling New-Car Sales Trip Up Penske Automotive Group
    Motley Fool29 days ago

    Falling New-Car Sales Trip Up Penske Automotive Group

    But the negative volume trends could stabilize in the coming quarters.

  • Here’s What Hedge Funds Think About Penske Automotive Group, Inc. (PAG)
    Insider Monkey29 days ago

    Here’s What Hedge Funds Think About Penske Automotive Group, Inc. (PAG)

    Before we spend countless hours researching a company, we'd like to analyze what insiders, hedge funds and billionaire investors think of the stock first. We would like to do so because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out what the billionaire investors […]

  • ACCESSWIRElast month

    Penske Automotive Group, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / April 25, 2019 / Penske Automotive Group, Inc. (NYSE: PAG ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on April 25, 2019 at 2:00 ...

  • Associated Presslast month

    Penske: 1Q Earnings Snapshot

    On a per-share basis, the Bloomfield Hills, Michigan-based company said it had net income of $1.19. Earnings, adjusted for one-time gains and costs, came to $1.25 per share. The results surpassed Wall ...

  • Penske Automotive Reports First Quarter 2019 Results
    PR Newswirelast month

    Penske Automotive Reports First Quarter 2019 Results

    Income From Continuing Operations of $100.1 million , and Related Earnings Per Share of $1.19 Used to New Units Sold Ratio Increases to 1.34 to 1 Retail Commercial Truck Same-Store Revenue Increases 12.4% ...

  • Benzingalast month

    Penske Opens Heavy-Duty Electric Charging Stations

    Penske Truck Leasing has opened commercial heavy-duty electric vehicle charging stations with 14 high-speed chargers at four of its existing facilities in Southern California. According to Penske, these are the first direct current (DC) fast-charging stations in the U.S. designed specifically for heavy-duty commercial electric vehicles. "We're committed to being at the forefront of commercial vehicle electrification," said Brian Hard, President and CEO of Penske Truck Leasing.

  • Penske debuts fast charging stations for electric delivery trucks
    Engadgetlast month

    Penske debuts fast charging stations for electric delivery trucks

    Today, Penske Truck Leasing opened 14 DC fast charging stations at four facilities in Southern California. According to the company, they're the first high-speed charging stations specifically designed for heavy duty, commercial electric vehicles in the US. And they'll be used to charge semi trucks, like the Daimler Freightliners that Penske has been testing.

  • Earnings Preview: Penske Automotive (PAG) Q1 Earnings Expected to Decline
    Zackslast month

    Earnings Preview: Penske Automotive (PAG) Q1 Earnings Expected to Decline

    Penske (PAG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Penske Automotive Group To Host First Quarter Conference Call
    PR Newswirelast month

    Penske Automotive Group To Host First Quarter Conference Call

    BLOOMFIELD HILLS, Mich. , April 10, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, will host its first quarter financial results conference ...

  • Has Penske Automotive Group, Inc. (NYSE:PAG) Been Employing Capital Shrewdly?
    Simply Wall St.last month

    Has Penske Automotive Group, Inc. (NYSE:PAG) Been Employing Capital Shrewdly?

    Today we are going to look at Penske Automotive Group, Inc. (NYSE:PAG) to see whether it might be an attractive investment prospect. Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting s...

  • Why Penske Automotive (PAG) is a Great Dividend Stock Right Now
    Zacks2 months ago

    Why Penske Automotive (PAG) is a Great Dividend Stock Right Now

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Penske Automotive (PAG) have what it takes? Let's find out.