Intech Investment Management LLC raised its position in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 52.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,805 shares of the company's stock after acquiring an additional 2,680 shares during the quarter. Intech Investment Management LLC's holdings in Asbury Automotive Group were worth $1,897,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Cibc World Markets Corp purchased a new position in Asbury Automotive Group in the fourth quarter valued at about $447,000. Natixis Advisors LLC boosted its stake in shares of Asbury Automotive Group by 10.8% during the 4th quarter. Natixis Advisors LLC now owns 123,369 shares of the company's stock valued at $29,982,000 after buying an additional 11,995 shares during the last quarter. Madison Investment Advisors LLC purchased a new position in shares of Asbury Automotive Group during the 4th quarter valued at approximately $82,426,000. Magnolia Group LLC grew its position in shares of Asbury Automotive Group by 2.1% during the fourth quarter. Magnolia Group LLC now owns 149,123 shares of the company's stock worth $36,241,000 after buying an additional 3,000 shares in the last quarter. Finally, Vestcor Inc increased its stake in shares of Asbury Automotive Group by 11.8% in the fourth quarter. Vestcor Inc now owns 5,405 shares of the company's stock worth $1,314,000 after buying an additional 571 shares during the last quarter.
Insider Buying and Selling
In related news, COO Daniel Clara sold 1,217 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total value of $361,010.88. Following the sale, the chief operating officer now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.53% of the company's stock.
Asbury Automotive Group Stock Performance
Shares of NYSE:ABG traded up $1.04 during trading on Tuesday, reaching $242.97. 116,886 shares of the company's stock traded hands, compared to its average volume of 180,129. 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 company has a 50 day moving average of $267.70 and a 200-day moving average of $250.45. Asbury Automotive Group, Inc. has a 12 month low of $206.62 and a 12 month high of $312.56. The stock has a market capitalization of $4.77 billion, a P/E ratio of 11.30 and a beta of 1.22.
Wall Street Analyst Weigh In
ABG has been the topic of a number of research analyst reports. Stephens increased 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. JPMorgan Chase & Co. reduced their price target on shares of 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. Finally, Craig Hallum cut Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Six research 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, the company has an average rating of "Hold" and a consensus price target of $264.00.
View Our Latest Stock Report on ABG
Asbury Automotive Group Profile
(
Free Report)
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.
Featured Articles
Before you consider Asbury Automotive Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Asbury Automotive Group wasn't on the list.
While Asbury Automotive Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
