Investnet Asset Management Inc. trimmed its position in Asbury Automotive Group, Inc. (NYSE:ABG – Get Rating) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,580 shares of the company’s stock after selling 330 shares during the period. Investnet Asset Management Inc. owned 0.13% of Asbury Automotive Group worth $5,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ABG. Vanguard Group Inc. raised its stake in shares of Asbury Automotive Group by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 2,577,260 shares of the company’s stock valued at $412,878,000 after buying an additional 122,138 shares during the last quarter. Neuberger Berman Group LLC raised its position in Asbury Automotive Group by 6.7% during the third quarter. Neuberger Berman Group LLC now owns 1,448,415 shares of the company’s stock valued at $218,855,000 after acquiring an additional 90,426 shares in the last quarter. State Street Corp lifted its holdings in Asbury Automotive Group by 2.0% in the first quarter. State Street Corp now owns 807,809 shares of the company’s stock valued at $129,411,000 after acquiring an additional 16,163 shares during the period. Capital Research Global Investors boosted its position in Asbury Automotive Group by 35.4% in the 1st quarter. Capital Research Global Investors now owns 761,102 shares of the company’s stock worth $121,929,000 after purchasing an additional 198,985 shares in the last quarter. Finally, River Road Asset Management LLC grew its stake in shares of Asbury Automotive Group by 27.3% during the 4th quarter. River Road Asset Management LLC now owns 545,922 shares of the company’s stock worth $97,857,000 after purchasing an additional 117,035 shares during the period.
Asbury Automotive Group Trading Down 2.0 %
ABG stock opened at $199.47 on Friday. Asbury Automotive Group, Inc. has a 12-month low of $138.88 and a 12-month high of $253.67. The business’s 50-day moving average is $203.59 and its 200 day moving average is $195.90. The company has a current ratio of 1.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.05. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 4.68, a PEG ratio of 0.34 and a beta of 1.12.
Asbury Automotive Group (NYSE:ABG – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The company reported $8.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.94 by $0.43. Asbury Automotive Group had a return on equity of 29.48% and a net margin of 6.23%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period in the previous year, the company posted $9.27 earnings per share. The business’s revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts anticipate that Asbury Automotive Group, Inc. will post 31.07 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on ABG. Morgan Stanley lowered their price target on shares of Asbury Automotive Group from $135.00 to $128.00 and set an “underweight” rating on the stock in a report on Tuesday, January 17th. Stephens upped their price target on Asbury Automotive Group to $275.00 in a report on Thursday, April 27th. Finally, StockNews.com lowered Asbury Automotive Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th.
Insider Transactions at Asbury Automotive Group
In related news, SVP George A. Villasana sold 2,828 shares of the business’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $235.60, for a total transaction of $666,276.80. Following the transaction, the senior vice president now directly owns 4,290 shares in the company, valued at $1,010,724. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible via this hyperlink. Insiders own 0.41% of the company’s stock.
About Asbury Automotive Group
Asbury Automotive Group, Inc is a franchised automotive retailer. It operates through the Dealerships and Total Care Auto (TCA) segments. The Dealerships segment offers a range of automotive products and services fulfilling the entire vehicle ownership lifecycle including the sale of new and used vehicles and the provision of vehicle repair and maintenance services, replacement parts, and collision repair services.
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