Dimensional Fund Advisors LP Increases Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Dimensional Fund Advisors LP boosted its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 894,595 shares of the company's stock after buying an additional 65,872 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.35% of Asbury Automotive Group worth $201,261,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ABG. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Asbury Automotive Group by 22.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,252 shares of the company's stock worth $748,000 after purchasing an additional 597 shares during the last quarter. Park Avenue Securities LLC purchased a new position in Asbury Automotive Group during the third quarter worth about $297,000. TD Asset Management Inc bought a new position in Asbury Automotive Group in the 3rd quarter worth about $483,000. Paulson Wealth Management Inc. raised its holdings in shares of Asbury Automotive Group by 14.3% in the 3rd quarter. Paulson Wealth Management Inc. now owns 985 shares of the company's stock valued at $227,000 after acquiring an additional 123 shares in the last quarter. Finally, Islay Capital Management LLC bought a new position in shares of Asbury Automotive Group in the third quarter worth approximately $751,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ABG. JPMorgan Chase & Co. dropped their price objective on shares of Asbury Automotive Group from $235.00 to $230.00 and set an "overweight" rating for the company in a report on Thursday, May 2nd. Craig Hallum lowered Asbury Automotive Group from a "buy" rating to a "hold" rating and set a $230.00 price target for the company. in a research note on Thursday, February 8th.

Insider Activity

In other news, SVP Jed Milstein sold 3,955 shares of the business's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $209.00, for a total transaction of $826,595.00. Following the sale, the senior vice president now owns 8,300 shares in the company, valued at approximately $1,734,700. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.53% of the stock is currently owned by company insiders.

Asbury Automotive Group Trading Up 1.7 %

ABG stock traded up $4.15 on Thursday, reaching $243.88. The company's stock had a trading volume of 190,402 shares, compared to its average volume of 169,669. The firm has a market cap of $4.92 billion, a PE ratio of 8.90 and a beta of 1.19. The business has a fifty day simple moving average of $220.29 and a two-hundred day simple moving average of $214.95. Asbury Automotive Group, Inc. has a 12-month low of $178.40 and a 12-month high of $256.39. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.38 and a current ratio of 1.06.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported $7.21 earnings per share for the quarter, missing analysts' consensus estimates of $7.76 by ($0.55). Asbury Automotive Group had a net margin of 3.68% and a return on equity of 20.12%. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the previous year, the firm posted $8.37 EPS. The company's revenue for the quarter was up 17.3% on a year-over-year basis. As a group, research analysts forecast that Asbury Automotive Group, Inc. will post 30.43 EPS for the current 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.