GW&K Investment Management LLC Cuts Stock Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)

GW&K Investment Management LLC decreased its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 2.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,245 shares of the company's stock after selling 3,989 shares during the quarter. GW&K Investment Management LLC owned about 0.77% of Asbury Automotive Group worth $33,401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its position in shares of Asbury Automotive Group by 9.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company's stock worth $117,000 after purchasing an additional 41 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Asbury Automotive Group by 2.0% in the fourth quarter. Bank of Montreal Can now owns 2,502 shares of the company's stock valued at $608,000 after acquiring an additional 48 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Asbury Automotive Group by 43.9% in the first quarter. Versant Capital Management Inc now owns 164 shares of the company's stock valued at $36,000 after acquiring an additional 50 shares in the last quarter. CWM LLC lifted its stake in Asbury Automotive Group by 7.5% during the first quarter. CWM LLC now owns 858 shares of the company's stock valued at $189,000 after purchasing an additional 60 shares during the last quarter. Finally, Vista Finance LLC lifted its stake in Asbury Automotive Group by 7.0% during the first quarter. Vista Finance LLC now owns 982 shares of the company's stock valued at $217,000 after purchasing an additional 64 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ABG shares. Wall Street Zen upgraded shares of Asbury Automotive Group from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Citigroup began coverage on shares of Asbury Automotive Group in a report on Wednesday, April 23rd. They set a "neutral" rating and a $236.00 price objective for the company. Bank of America lifted their price target on shares of Asbury Automotive Group from $325.00 to $335.00 and gave the company a "buy" rating in a report on Monday, June 16th. Finally, JPMorgan Chase & Co. lowered shares of Asbury Automotive Group from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $235.00 to $225.00 in a report on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $259.33.

Asbury Automotive Group Trading Up 0.0%

NYSE ABG traded up $0.04 during trading hours on Friday, reaching $232.61. The company's stock had a trading volume of 26,194 shares, compared to its average volume of 198,696. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.25 and a quick ratio of 0.55. Asbury Automotive Group, Inc. has a 52 week low of $201.68 and a 52 week high of $312.56. The firm has a fifty day simple moving average of $239.57 and a 200-day simple moving average of $244.90. The stock has a market cap of $4.57 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.55 and a beta of 0.96.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last posted 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 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 last year, the business posted $7.21 EPS. The company's quarterly revenue was down 1.3% on a year-over-year basis. Equities analysts forecast that Asbury Automotive Group, Inc. will post 26.28 earnings per share for the current fiscal year.

Asbury Automotive Group Company Profile

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.