Northern Trust Corp Has $58.09 Million Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)

Northern Trust Corp increased its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,007 shares of the company's stock after purchasing an additional 19,923 shares during the period. Northern Trust Corp owned 1.22% of Asbury Automotive Group worth $58,086,000 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. CIBC Private Wealth Group LLC raised its stake 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 buying an additional 41 shares in the last quarter. Bank of Montreal Can lifted its holdings in Asbury Automotive Group by 2.0% in the 4th 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 during the last quarter. Mariner LLC boosted its position in shares of Asbury Automotive Group by 3.7% during the 4th quarter. Mariner LLC now owns 1,856 shares of the company's stock valued at $451,000 after purchasing an additional 67 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Asbury Automotive Group by 4.5% in the 4th quarter. HighTower Advisors LLC now owns 1,798 shares of the company's stock worth $437,000 after purchasing an additional 78 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its holdings in shares of Asbury Automotive Group by 2.3% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,023 shares of the company's stock worth $978,000 after purchasing an additional 92 shares in the last quarter.

Asbury Automotive Group Stock Down 0.4 %

Shares of Asbury Automotive Group stock traded down $0.87 on Friday, hitting $224.99. 88,095 shares of the company traded hands, compared to its average volume of 203,325. 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. The company has a 50-day moving average price of $227.50 and a 200 day moving average price of $248.76. The company has a market cap of $4.42 billion, a PE ratio of 10.46 and a beta of 0.98.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last posted its quarterly 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). Asbury Automotive Group had a return on equity of 16.29% and a net margin of 2.50%. The firm had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.31 billion. During the same period last year, the business earned $7.21 earnings per share. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. Sell-side analysts predict that Asbury Automotive Group, Inc. will post 26.28 earnings per share for the current year.

Analyst Ratings Changes

ABG has been the topic of several recent research reports. Craig Hallum lowered 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 target price on 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. JPMorgan Chase & Co. decreased their price target on Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Finally, Citigroup started coverage on shares of Asbury Automotive Group in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $236.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $258.50.

Insider Transactions at Asbury Automotive Group

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total transaction of $361,010.88. Following the transaction, the chief operating officer now directly owns 3,747 shares of the company's stock, valued at $1,111,510.08. This represents a 24.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.53% of the stock is currently owned by company insiders.

Asbury Automotive Group 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.