Texas Permanent School Fund cut its position in Asbury Automotive Group, Inc. (NYSE:ABG – Get Rating) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,579 shares of the company’s stock after selling 1,343 shares during the period. Texas Permanent School Fund owned about 0.07% of Asbury Automotive Group worth $2,613,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Xponance Inc. bought a new stake in shares of Asbury Automotive Group during the fourth quarter worth $246,000. US Bancorp DE increased its position in shares of Asbury Automotive Group by 0.3% during the third quarter. US Bancorp DE now owns 23,350 shares of the company’s stock worth $3,529,000 after acquiring an additional 65 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Asbury Automotive Group during the third quarter worth $1,925,000. Magnolia Group LLC increased its position in shares of Asbury Automotive Group by 31.8% during the fourth quarter. Magnolia Group LLC now owns 232,467 shares of the company’s stock worth $41,670,000 after acquiring an additional 56,047 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Asbury Automotive Group by 7.1% during the fourth quarter. New York State Common Retirement Fund now owns 99,561 shares of the company’s stock worth $17,846,000 after acquiring an additional 6,600 shares in the last quarter.
Insider Activity
In other news, SVP George A. Villasana sold 2,828 shares of Asbury Automotive Group stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $235.60, for a total value of $666,276.80. Following the completion of the transaction, the senior vice president now owns 4,290 shares of the company’s stock, valued at approximately $1,010,724. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.
Analysts Set New Price Targets
Asbury Automotive Group Stock Up 0.1 %
Asbury Automotive Group stock opened at $202.07 on Wednesday. The company has a market cap of $4.35 billion, a P/E ratio of 4.74, a price-to-earnings-growth ratio of 0.34 and a beta of 1.12. Asbury Automotive Group, Inc. has a 1-year low of $138.88 and a 1-year high of $253.67. The company has a fifty day simple moving average of $205.52 and a 200 day simple moving average of $195.14. The company has a current ratio of 1.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.05.
Asbury Automotive Group (NYSE:ABG – Get Rating) last released its earnings results on Tuesday, April 25th. The company reported $8.37 earnings per share for the quarter, beating analysts’ consensus estimates of $7.94 by $0.43. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.79 billion. Asbury Automotive Group had a net margin of 6.23% and a return on equity of 29.48%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $9.27 earnings per share. Research analysts anticipate that Asbury Automotive Group, Inc. will post 31.07 earnings per share for the current fiscal year.
About Asbury Automotive Group
Asbury Automotive Group, Inc is a franchised automotive retailer. It operates through the Dealerships and Total Care Auto (TCA) segments. The Dealerships segment offers a range of automotive products and services fulfilling the entire vehicle ownership lifecycle including the sale of new and used vehicles and the provision of vehicle repair and maintenance services, replacement parts, and collision repair services.
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