Dimensional Fund Advisors LP Grows Stock Holdings 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 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,108,176 shares of the company's stock after acquiring an additional 9,688 shares during the quarter. Dimensional Fund Advisors LP owned about 5.66% of Asbury Automotive Group worth $269,322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Aster Capital Management DIFC Ltd acquired a new position in Asbury Automotive Group in the 4th quarter valued at $25,000. CIBC Private Wealth Group LLC raised its holdings in Asbury Automotive Group by 9.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company's stock worth $117,000 after purchasing an additional 41 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Asbury Automotive Group by 234.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 501 shares of the company's stock valued at $122,000 after purchasing an additional 351 shares during the period. Headlands Technologies LLC boosted its holdings in Asbury Automotive Group by 275.2% in the 4th quarter. Headlands Technologies LLC now owns 604 shares of the company's stock valued at $147,000 after purchasing an additional 443 shares in the last quarter. Finally, Sterling Capital Management LLC increased its position in Asbury Automotive Group by 801.4% during the 4th quarter. Sterling Capital Management LLC now owns 631 shares of the company's stock worth $153,000 after purchasing an additional 561 shares during the period.

Insider Activity at Asbury Automotive Group

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the firm'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 sale, the chief operating officer now directly owns 3,747 shares of the company's stock, valued at $1,111,510.08. This trade represents a 24.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ABG shares. JPMorgan Chase & Co. decreased their price target on Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Craig Hallum downgraded shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Stephens upped their target price on shares of 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. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Asbury Automotive Group currently has an average rating of "Hold" and a consensus price target of $263.00.

Asbury Automotive Group Trading Down 0.6 %

Shares of Asbury Automotive Group stock opened at $217.28 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41. The business has a 50 day moving average price of $244.28 and a 200 day moving average price of $249.71. The company has a market capitalization of $4.27 billion, a P/E ratio of 10.10 and a beta of 1.04. Asbury Automotive Group, Inc. has a 1 year low of $201.68 and a 1 year high of $312.56.

About Asbury Automotive Group

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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