Rockefeller Capital Management L.P. Invests $14.22 Million in Asbury Automotive Group, Inc. (NYSE:ABG)

Rockefeller Capital Management L.P. acquired a new position in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 59,596 shares of the company's stock, valued at approximately $14,219,000. Rockefeller Capital Management L.P. owned 0.30% of Asbury Automotive Group as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cynosure Group LLC bought a new stake in shares of Asbury Automotive Group during the third quarter worth $381,000. FMR LLC increased its holdings in Asbury Automotive Group by 47.4% in the 3rd quarter. FMR LLC now owns 2,141 shares of the company's stock worth $511,000 after purchasing an additional 688 shares in the last quarter. Quantbot Technologies LP raised its position in Asbury Automotive Group by 172.1% in the third quarter. Quantbot Technologies LP now owns 14,191 shares of the company's stock valued at $3,386,000 after purchasing an additional 8,976 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Asbury Automotive Group by 36.7% during the third quarter. Cerity Partners LLC now owns 6,064 shares of the company's stock valued at $1,447,000 after purchasing an additional 1,628 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in shares of Asbury Automotive Group by 23.9% during the third quarter. Citigroup Inc. now owns 54,917 shares of the company's stock worth $13,103,000 after purchasing an additional 10,603 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have issued reports on ABG shares. JPMorgan Chase & Co. decreased their price target on shares of Asbury Automotive Group from $265.00 to $260.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Seaport Res Ptn lowered Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Morgan Stanley upgraded Asbury Automotive Group from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $190.00 to $240.00 in a research report on Wednesday, September 25th. Craig Hallum raised their price objective on Asbury Automotive Group from $240.00 to $260.00 and gave the stock a "hold" rating in a research report on Wednesday, October 30th. Finally, Bank of America decreased their target price on shares of Asbury Automotive Group from $310.00 to $305.00 and set a "buy" rating for the company in a research report on Monday, October 14th. 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 MarketBeat.com, Asbury Automotive Group presently has an average rating of "Hold" and a consensus target price of $256.20.

Asbury Automotive Group Stock Up 0.1 %

Shares of Asbury Automotive Group stock traded up $0.37 during trading hours on Tuesday, reaching $265.39. The company's stock had a trading volume of 283,594 shares, compared to its average volume of 157,389. The company has a market capitalization of $5.20 billion, a P/E ratio of 15.02 and a beta of 1.18. The stock's fifty day simple moving average is $241.65 and its two-hundred day simple moving average is $237.04. Asbury Automotive Group, Inc. has a one year low of $195.09 and a one year high of $277.13. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $6.35 EPS for the quarter, missing analysts' consensus estimates of $6.58 by ($0.23). Asbury Automotive Group had a return on equity of 16.51% and a net margin of 2.16%. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the firm posted $8.12 earnings per share. The business's revenue for the quarter was up 15.6% on a year-over-year basis. On average, research analysts forecast that Asbury Automotive Group, Inc. will post 25.17 earnings per share for the current year.

Asbury Automotive Group Company 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.