Algert Global LLC acquired a new stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,740 shares of the company's stock, valued at approximately $909,000.
Several other institutional investors have also recently modified their holdings of ABG. Dimensional Fund Advisors LP lifted its stake in Asbury Automotive Group by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,108,176 shares of the company's stock worth $269,322,000 after purchasing an additional 9,688 shares during the last quarter. Timucuan Asset Management Inc. FL increased its holdings in shares of Asbury Automotive Group by 0.5% in the fourth quarter. Timucuan Asset Management Inc. FL now owns 707,874 shares of the company's stock worth $172,035,000 after buying an additional 3,490 shares during the period. Madison Investment Advisors LLC bought a new stake in shares of Asbury Automotive Group in the 4th quarter valued at about $82,426,000. Norges Bank purchased a new stake in Asbury Automotive Group during the 4th quarter valued at about $82,079,000. Finally, Northern Trust Corp boosted its holdings in Asbury Automotive Group by 9.1% during the 4th quarter. Northern Trust Corp now owns 239,007 shares of the company's stock valued at $58,086,000 after acquiring an additional 19,923 shares during the period.
Asbury Automotive Group Stock Down 1.9%
Shares of ABG stock traded down $4.46 during mid-day trading on Wednesday, reaching $235.36. 133,215 shares of the company's stock traded hands, compared to its average volume of 202,577. The company's 50-day moving average price is $226.28 and its 200-day moving average price is $249.00. The company has a market cap of $4.63 billion, a P/E ratio of 10.94 and a beta of 0.98. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. Asbury Automotive Group, Inc. has a 12 month low of $201.68 and a 12 month high of $312.56.
Asbury Automotive Group (NYSE:ABG - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $6.82 earnings per share for the quarter, missing analysts' consensus estimates of $6.84 by ($0.02). The business had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.31 billion. Asbury Automotive Group had a return on equity of 16.29% and a net margin of 2.50%. The firm's quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $7.21 earnings per share. On average, equities analysts expect that Asbury Automotive Group, Inc. will post 26.28 earnings per share for the current fiscal year.
Insider Activity
In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total value of $361,010.88. Following the completion of the transaction, the chief operating officer now directly owns 3,747 shares of the company's stock, valued at approximately $1,111,510.08. The trade was a 24.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.59% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of Asbury Automotive Group from a "hold" rating to a "buy" rating in a report on Monday. JPMorgan Chase & Co. cut their price target on shares of Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Craig Hallum lowered shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Citigroup started coverage on shares of Asbury Automotive Group in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $236.00 price target on the stock. Finally, Stephens raised their price target on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Asbury Automotive Group presently has an average rating of "Hold" and an average target price of $258.50.
Read Our Latest Stock Analysis on ABG
About Asbury Automotive Group
(
Free Report)
Asbury Automotive Group, Inc, together with its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services.
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