Asbury Automotive Group, Inc. (NYSE:ABG) Stock Position Decreased by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,127 shares of the company's stock after selling 2,005 shares during the quarter. Legal & General Group Plc owned approximately 0.32% of Asbury Automotive Group worth $15,099,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in Asbury Automotive Group during the fourth quarter worth about $25,000. CIBC Private Wealth Group LLC grew its stake 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 buying an additional 41 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Asbury Automotive Group by 234.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 501 shares of the company's stock valued at $122,000 after acquiring an additional 351 shares during the period. Headlands Technologies LLC lifted its holdings in shares of Asbury Automotive Group by 275.2% during the 4th quarter. Headlands Technologies LLC now owns 604 shares of the company's stock valued at $147,000 after acquiring an additional 443 shares in the last quarter. Finally, KBC Group NV increased its holdings in Asbury Automotive Group by 52.3% in the 4th quarter. KBC Group NV now owns 769 shares of the company's stock valued at $187,000 after purchasing an additional 264 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ABG. Stephens upped their target price on 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. Craig Hallum lowered Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Asbury Automotive Group presently has a consensus rating of "Hold" and a consensus price target of $263.00.

Insider Buying and Selling 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 stock was 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 approximately $1,111,510.08. The trade was a 24.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is owned by corporate insiders.

Asbury Automotive Group Stock Performance

Shares of NYSE ABG traded up $1.69 during midday trading on Friday, reaching $218.47. 161,047 shares of the company traded hands, compared to its average volume of 199,284. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 10.16 and a beta of 1.04. The stock has a 50-day moving average price of $245.95 and a 200 day moving average price of $249.63. Asbury Automotive Group, Inc. has a 52 week low of $201.68 and a 52 week high of $312.56. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41.

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.