8,370 Shares in Asbury Automotive Group, Inc. (NYSE:ABG) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,370 shares of the company's stock, valued at approximately $2,034,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Madison Investment Advisors LLC purchased a new stake in Asbury Automotive Group in the fourth quarter valued at approximately $82,426,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Asbury Automotive Group during the 3rd quarter valued at $14,219,000. Proficio Capital Partners LLC purchased a new stake in shares of Asbury Automotive Group during the 4th quarter valued at $5,316,000. Stifel Financial Corp lifted its holdings in shares of Asbury Automotive Group by 1,990.9% during the 3rd quarter. Stifel Financial Corp now owns 19,926 shares of the company's stock worth $4,754,000 after acquiring an additional 18,973 shares during the last quarter. Finally, Barclays PLC grew its position in Asbury Automotive Group by 94.9% in the third quarter. Barclays PLC now owns 38,644 shares of the company's stock worth $9,220,000 after acquiring an additional 18,821 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Stephens raised their price target 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. JPMorgan Chase & Co. decreased their price objective on Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Craig Hallum downgraded Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $263.00.

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Asbury Automotive Group Trading Up 1.2 %

Shares of ABG traded up $2.61 during trading hours on Monday, hitting $220.78. The company had a trading volume of 522,575 shares, compared to its average volume of 191,030. Asbury Automotive Group, Inc. has a 52-week low of $206.62 and a 52-week high of $312.56. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. The stock's 50 day moving average price is $265.96 and its 200 day moving average price is $250.86. The firm has a market cap of $4.34 billion, a P/E ratio of 10.26 and a beta of 1.22.

Insiders Place Their Bets

In other news, COO Daniel Clara sold 1,217 shares of the firm's 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 transaction, the chief operating officer now owns 3,747 shares in the company, valued at approximately $1,111,510.08. This trade represents a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company's stock.

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.