Invesco Ltd. raised its holdings in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,435 shares of the company's stock after purchasing an additional 14,865 shares during the period. Invesco Ltd. owned 0.94% of Asbury Automotive Group worth $44,823,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. CIBC Private Wealth Group LLC raised its holdings in shares of Asbury Automotive Group by 9.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company's stock valued at $117,000 after acquiring an additional 41 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Asbury Automotive Group by 2.0% in the 4th quarter. Bank of Montreal Can now owns 2,502 shares of the company's stock worth $608,000 after acquiring an additional 48 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in shares of Asbury Automotive Group by 2.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,119 shares of the company's stock worth $506,000 after purchasing an additional 50 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Asbury Automotive Group by 3.2% in the third quarter. HighTower Advisors LLC now owns 1,720 shares of the company's stock worth $409,000 after acquiring an additional 53 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its stake in Asbury Automotive Group by 2.3% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,023 shares of the company's stock valued at $978,000 after purchasing an additional 92 shares in the last quarter.
Insiders Place Their Bets
In related news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total value of $361,010.88. Following the completion of the transaction, the chief operating officer now owns 3,747 shares in the company, valued at approximately $1,111,510.08. The trade was a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.53% of the company's stock.
Analysts Set New Price Targets
ABG has been the topic of several research reports. Craig Hallum cut shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Stephens boosted their price target on Asbury Automotive Group from $220.00 to $260.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. decreased their target price on Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $263.00.
View Our Latest Stock Analysis on ABG
Asbury Automotive Group Price Performance
Shares of ABG stock traded up $1.69 during mid-day trading on Friday, hitting $218.47. 161,047 shares of the stock were exchanged, compared to its average volume of 199,115. The company has a market cap of $4.29 billion, a PE ratio of 10.16 and a beta of 1.04. Asbury Automotive Group, Inc. has a 52-week low of $201.68 and a 52-week high of $312.56. The firm has a fifty day moving average of $247.60 and a 200 day moving average of $249.59. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98.
About Asbury Automotive Group
(
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.
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