Deutsche Bank AG Boosts Stake in Asbury Automotive Group, Inc. (NYSE:ABG)

Deutsche Bank AG boosted its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 57.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,708 shares of the company's stock after acquiring an additional 6,842 shares during the quarter. Deutsche Bank AG owned 0.10% of Asbury Automotive Group worth $4,547,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ABG. Madison Investment Advisors LLC bought a new stake in Asbury Automotive Group during the 4th quarter worth approximately $82,426,000. Norges Bank acquired a new position in shares of Asbury Automotive Group in the 4th quarter worth approximately $82,079,000. Artisan Partners Limited Partnership acquired a new position in shares of Asbury Automotive Group in the 4th quarter worth approximately $51,118,000. Eminence Capital LP lifted its position in shares of Asbury Automotive Group by 15.8% in the 4th quarter. Eminence Capital LP now owns 787,775 shares of the company's stock worth $191,453,000 after purchasing an additional 107,317 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Asbury Automotive Group by 18.9% in the 4th quarter. JPMorgan Chase & Co. now owns 186,306 shares of the company's stock worth $45,278,000 after purchasing an additional 29,579 shares during the period.

Asbury Automotive Group Stock Performance

ABG traded up $1.17 on Thursday, hitting $226.67. The company's stock had a trading volume of 139,331 shares, compared to its average volume of 201,748. The company's 50 day simple moving average is $225.36 and its 200-day simple moving average is $249.02. The firm has a market cap of $4.46 billion, a P/E ratio of 10.54 and a beta of 0.98. Asbury Automotive Group, Inc. has a 12 month low of $201.68 and a 12 month high of $312.56. 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 (NYSE:ABG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $6.82 EPS for the quarter, missing the consensus estimate of $6.84 by ($0.02). Asbury Automotive Group had a return on equity of 16.29% and a net margin of 2.50%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same period last year, the business posted $7.21 earnings per share. The firm's quarterly revenue was down 1.3% on a year-over-year basis. Analysts forecast that Asbury Automotive Group, Inc. will post 26.28 EPS for the current year.

Analysts Set New Price Targets

ABG has been the topic of a number of recent analyst reports. 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. Craig Hallum downgraded shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Stephens boosted 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 research report on Tuesday, February 11th. Citigroup initiated coverage on shares of Asbury Automotive Group in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $236.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped 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 research report on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Asbury Automotive Group presently has a consensus rating of "Hold" and an average target price of $258.50.

About Asbury Automotive Group

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.