Factorial Partners LLC Sells 2,450 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Factorial Partners LLC lowered its stake in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 29.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,850 shares of the company's stock after selling 2,450 shares during the quarter. Factorial Partners LLC's holdings in Asbury Automotive Group were worth $1,422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ABG. State Street Corp grew its holdings in Asbury Automotive Group by 0.5% during the third quarter. State Street Corp now owns 801,391 shares of the company's stock worth $191,204,000 after acquiring an additional 3,672 shares during the period. Natixis Advisors LLC bought a new stake in Asbury Automotive Group during the third quarter worth approximately $26,573,000. Principal Financial Group Inc. grew its position in Asbury Automotive Group by 0.8% in the fourth quarter. Principal Financial Group Inc. now owns 94,995 shares of the company's stock worth $23,087,000 after buying an additional 788 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Asbury Automotive Group by 0.6% during the 4th quarter. New York State Common Retirement Fund now owns 66,645 shares of the company's stock valued at $16,197,000 after acquiring an additional 389 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Asbury Automotive Group during the 3rd quarter valued at $14,219,000.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ABG. Seaport Res Ptn lowered Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. cut their price objective on Asbury Automotive Group from $260.00 to $255.00 and set a "neutral" rating on the stock in a report on Friday, January 17th. Stephens upped their price objective on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Finally, Craig Hallum downgraded shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $264.00.

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Insider Activity at Asbury Automotive Group

In other news, COO Daniel Clara sold 1,217 shares of the business's 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 in the company, valued at $1,111,510.08. The trade was a 24.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by insiders.

Asbury Automotive Group Stock Up 2.1 %

NYSE ABG traded up $5.25 during trading on Wednesday, reaching $260.65. 189,347 shares of the company's stock were exchanged, compared to its average volume of 194,615. The company's fifty day simple moving average is $267.82 and its 200-day simple moving average is $250.08. 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 firm has a market capitalization of $5.12 billion, a PE ratio of 12.12 and a beta of 1.20. Asbury Automotive Group, Inc. has a fifty-two week low of $202.98 and a fifty-two week high of $312.56.

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.