Janney Montgomery Scott LLC boosted its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG – Get Rating) by 7.1% during the fourth quarter, according to the company’s most recent Form 13F filing with the SEC. The institutional investor owned 13,640 shares of the company’s stock after purchasing an additional 903 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of Asbury Automotive Group worth $2,445,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the company. River Road Asset Management LLC raised its holdings in shares of Asbury Automotive Group by 136.0% in the third quarter. River Road Asset Management LLC now owns 428,887 shares of the company’s stock worth $64,805,000 after acquiring an additional 247,119 shares during the last quarter. Brave Warrior Advisors LLC acquired a new position in shares of Asbury Automotive Group in the third quarter worth $30,288,000. Capital Research Global Investors raised its holdings in shares of Asbury Automotive Group by 35.4% in the first quarter. Capital Research Global Investors now owns 761,102 shares of the company’s stock worth $121,929,000 after acquiring an additional 198,985 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Asbury Automotive Group by 360.5% in the second quarter. Goldman Sachs Group Inc. now owns 241,841 shares of the company’s stock worth $40,953,000 after acquiring an additional 189,329 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Asbury Automotive Group by 5.0% in the first quarter. Vanguard Group Inc. now owns 2,577,260 shares of the company’s stock worth $412,878,000 after acquiring an additional 122,138 shares during the last quarter.
Insiders Place Their Bets
In other Asbury Automotive Group news, Berman Director Bridget Ryan sold 1,050 shares of the company’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $231.44, for a total transaction of $243,012.00. Following the completion of the sale, the director now directly owns 4,617 shares in the company, valued at $1,068,558.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this hyperlink. In other news, CEO David W. Hult sold 25,000 shares of the company’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $232.76, for a total value of $5,819,000.00. Following the completion of the sale, the chief executive officer now owns 31,264 shares of the company’s stock, valued at $7,277,008.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Berman Bridget Ryan sold 1,050 shares of the company’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $231.44, for a total value of $243,012.00. Following the completion of the sale, the director now directly owns 4,617 shares of the company’s stock, valued at approximately $1,068,558.48. The disclosure for this sale can be found here. Insiders sold 31,928 shares of company stock worth $7,441,409 over the last three months. 0.72% of the stock is owned by insiders.
Asbury Automotive Group Stock Performance
Asbury Automotive Group stock opened at $206.87 on Tuesday. The firm has a market capitalization of $4.49 billion, a P/E ratio of 4.64, a PEG ratio of 0.36 and a beta of 1.13. The stock has a fifty day moving average price of $213.60 and a 200 day moving average price of $191.95. Asbury Automotive Group, Inc. has a 52 week low of $138.88 and a 52 week high of $253.67. The company has a current ratio of 1.85, a quick ratio of 0.92 and a debt-to-equity ratio of 1.11.
Asbury Automotive Group (NYSE:ABG – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $9.12 EPS for the quarter, topping the consensus estimate of $8.23 by $0.89. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.86 billion. Asbury Automotive Group had a return on equity of 33.22% and a net margin of 6.46%. The firm’s revenue was up 39.4% on a year-over-year basis. During the same period in the prior year, the firm posted $7.46 earnings per share. Equities research analysts anticipate that Asbury Automotive Group, Inc. will post 30.49 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on ABG. StockNews.com began coverage on Asbury Automotive Group in a report on Thursday, March 16th. They issued a “buy” rating for the company. Morgan Stanley dropped their target price on Asbury Automotive Group from $135.00 to $128.00 and set an “underweight” rating for the company in a research note on Tuesday, January 17th. Finally, Stephens upped their target price on Asbury Automotive Group to $280.00 in a research note on Tuesday, February 7th.
Asbury Automotive Group Company Profile
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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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