Natixis Advisors LLC Has $29.98 Million Stake in Asbury Automotive Group, Inc. (NYSE:ABG)

Natixis Advisors LLC grew its position in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 10.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 123,369 shares of the company's stock after acquiring an additional 11,995 shares during the period. Natixis Advisors LLC owned 0.63% of Asbury Automotive Group worth $29,982,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in Asbury Automotive Group by 234.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 501 shares of the company's stock worth $122,000 after acquiring an additional 351 shares during the last quarter. KBC Group NV lifted its holdings in shares of Asbury Automotive Group by 52.3% during the fourth quarter. KBC Group NV now owns 769 shares of the company's stock worth $187,000 after purchasing an additional 264 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Asbury Automotive Group by 17.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 839 shares of the company's stock worth $204,000 after purchasing an additional 123 shares during the last quarter. Stephens Inc. AR acquired a new stake in Asbury Automotive Group in the fourth quarter valued at $213,000. Finally, Highland Capital Management LLC bought a new position in Asbury Automotive Group during the 4th quarter worth $216,000.

Insider Transactions at Asbury Automotive Group

In other news, COO Daniel Clara sold 1,217 shares of the company's stock in a transaction dated 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 owns 3,747 shares in the company, valued at approximately $1,111,510.08. This represents a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.53% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have commented on ABG. JPMorgan Chase & Co. reduced their price target on Asbury Automotive Group from $260.00 to $255.00 and set a "neutral" rating on the stock in a research report on Friday, January 17th. Stephens increased their target price on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Finally, Craig Hallum lowered shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Asbury Automotive Group presently has a consensus rating of "Hold" and a consensus target price of $264.00.

Asbury Automotive Group Trading Up 0.6 %

ABG stock traded up $1.37 during mid-day trading on Friday, reaching $233.44. The company's stock had a trading volume of 391,108 shares, compared to its average volume of 180,350. Asbury Automotive Group, Inc. has a 12 month low of $206.62 and a 12 month high of $312.56. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98. The business's 50 day moving average price is $267.79 and its 200 day moving average price is $250.26. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 10.85 and a beta of 1.22.

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.