Advisor Resource Council acquired a new stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,196 shares of the company's stock, valued at approximately $455,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Asbury Automotive Group by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,108,176 shares of the company's stock valued at $269,322,000 after buying an additional 9,688 shares in the last quarter. Eminence Capital LP raised its position in shares of Asbury Automotive Group by 15.8% during the 4th quarter. Eminence Capital LP now owns 787,775 shares of the company's stock valued at $191,453,000 after buying an additional 107,317 shares in the last quarter. Timucuan Asset Management Inc. FL raised its position in shares of Asbury Automotive Group by 0.5% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 707,874 shares of the company's stock valued at $172,035,000 after buying an additional 3,490 shares in the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Asbury Automotive Group during the 4th quarter valued at $82,426,000. Finally, Norges Bank purchased a new stake in shares of Asbury Automotive Group during the 4th quarter valued at $82,079,000.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on ABG shares. JPMorgan Chase & Co. lowered their price objective on shares of Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Wall Street Zen upgraded shares of Asbury Automotive Group from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Bank of America lifted their target price on shares of Asbury Automotive Group from $325.00 to $335.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Finally, Citigroup started coverage on shares of Asbury Automotive Group in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $236.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $263.50.
Check Out Our Latest Stock Analysis on ABG
Asbury Automotive Group Price Performance
ABG stock opened at $237.63 on Monday. The firm's 50-day moving average price is $228.26 and its two-hundred day moving average price is $244.97. Asbury Automotive Group, Inc. has a 12-month low of $201.68 and a 12-month high of $312.56. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 1.53 and a beta of 0.97. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.83.
Asbury Automotive Group (NYSE:ABG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $6.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.84 by ($0.02). Asbury Automotive Group had a net margin of 2.42% and a return on equity of 15.41%. The firm had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same quarter in the previous year, the firm posted $7.21 EPS. Asbury Automotive Group's revenue was down 1.3% compared to the same quarter last year. As a group, equities analysts predict that Asbury Automotive Group, Inc. will post 26.28 earnings per share for the current year.
Asbury Automotive Group Profile
(
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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