Natixis Advisors LLC boosted its holdings in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 10.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,793 shares of the company's stock after purchasing an additional 13,424 shares during the quarter. Natixis Advisors LLC owned approximately 0.70% of Asbury Automotive Group worth $30,209,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew its stake in shares of Asbury Automotive Group by 9.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company's stock valued at $117,000 after buying an additional 41 shares in the last quarter. Bank of Montreal Can grew its stake 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 buying an additional 48 shares in the last quarter. Versant Capital Management Inc grew its stake 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 buying an additional 50 shares in the last quarter. Choreo LLC grew its stake in shares of Asbury Automotive Group by 1.7% in the first quarter. Choreo LLC now owns 3,094 shares of the company's stock valued at $683,000 after buying an additional 53 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Asbury Automotive Group by 7.5% in the first quarter. CWM LLC now owns 858 shares of the company's stock valued at $189,000 after buying an additional 60 shares in the last quarter.
Asbury Automotive Group Stock Performance
Shares of NYSE ABG traded up $1.29 during mid-day trading on Friday, hitting $223.41. The company had a trading volume of 337,425 shares, compared to its average volume of 209,084. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 1.49 and a beta of 0.88. Asbury Automotive Group, Inc. has a 12 month low of $201.68 and a 12 month high of $312.56. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.30 and a quick ratio of 0.55. The firm's 50 day simple moving average is $239.12 and its two-hundred day simple moving average is $244.19.
Asbury Automotive Group (NYSE:ABG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $7.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.82 by $0.61. The business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.44 billion. Asbury Automotive Group had a return on equity of 15.41% and a net margin of 3.13%. The business's revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $6.40 EPS. As a group, equities research analysts forecast that Asbury Automotive Group, Inc. will post 26.28 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. Citigroup assumed coverage on Asbury Automotive Group in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $236.00 target price for the company. Wall Street Zen upgraded Asbury Automotive Group from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Bank of America raised their price objective on Asbury Automotive Group from $325.00 to $335.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Cfra set a $225.00 price objective on Asbury Automotive Group in a research note on Tuesday. Finally, JPMorgan Chase & Co. lowered Asbury Automotive Group from a "neutral" rating to an "underweight" rating and lowered their price objective for the company from $235.00 to $225.00 in a research note on Thursday, July 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Asbury Automotive Group has an average rating of "Hold" and an average price target of $254.43.
Read Our Latest Stock Analysis on ABG
Asbury Automotive Group Company 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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