Madison Investment Advisors LLC acquired a new stake in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 339,160 shares of the company's stock, valued at approximately $82,426,000. Madison Investment Advisors LLC owned about 1.73% of Asbury Automotive Group at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Magnolia Group LLC increased its holdings 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. Vestcor Inc increased its holdings in Asbury Automotive Group by 11.8% in the 4th quarter. Vestcor Inc now owns 5,405 shares of the company's stock worth $1,314,000 after purchasing an additional 571 shares in the last quarter. HighTower Advisors LLC raised its position in Asbury Automotive Group by 4.5% in the fourth quarter. HighTower Advisors LLC now owns 1,798 shares of the company's stock valued at $437,000 after purchasing an additional 78 shares during the last quarter. Wealthfront Advisers LLC bought a new position in Asbury Automotive Group in the fourth quarter valued at about $3,290,000. Finally, Inspire Advisors LLC raised its position in Asbury Automotive Group by 17.0% in the fourth quarter. Inspire Advisors LLC now owns 3,351 shares of the company's stock valued at $814,000 after purchasing an additional 488 shares during the last quarter.
Insider Transactions at Asbury Automotive Group
In other news, COO Daniel Clara sold 1,217 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total transaction of $361,010.88. Following the completion of the transaction, the chief operating officer now directly owns 3,747 shares in the company, valued at $1,111,510.08. This trade represents a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
ABG has been the subject of several research reports. JPMorgan Chase & Co. dropped their target price on Asbury Automotive Group from $260.00 to $255.00 and set a "neutral" rating for the company in a research report on Friday, January 17th. Craig Hallum downgraded Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, Stephens increased their target price on Asbury Automotive Group from $220.00 to $260.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $264.00.
Check Out Our Latest Stock Analysis on ABG
Asbury Automotive Group Trading Up 1.8 %
Shares of ABG traded up $4.23 during mid-day trading on Monday, reaching $235.11. 155,426 shares of the company were exchanged, compared to its average volume of 178,804. Asbury Automotive Group, Inc. has a 52 week low of $206.62 and a 52 week high of $312.56. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. The stock has a market capitalization of $4.62 billion, a PE ratio of 10.93 and a beta of 1.22. The business has a 50 day simple moving average of $268.34 and a two-hundred day simple moving average of $250.64.
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
