American International Group Inc. cut its holdings in Asbury Automotive Group, Inc. (NYSE:ABG – Get Rating) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,039 shares of the company’s stock after selling 95 shares during the quarter. American International Group Inc. owned approximately 0.05% of Asbury Automotive Group worth $2,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of ABG. HighTower Advisors LLC grew its stake in shares of Asbury Automotive Group by 47.5% in the first quarter. HighTower Advisors LLC now owns 3,671 shares of the company’s stock worth $593,000 after purchasing an additional 1,182 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Asbury Automotive Group by 8.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,459 shares of the company’s stock valued at $233,000 after acquiring an additional 119 shares in the last quarter. Bank of Montreal Can boosted its position in Asbury Automotive Group by 1.2% during the 1st quarter. Bank of Montreal Can now owns 6,583 shares of the company’s stock valued at $1,099,000 after acquiring an additional 76 shares in the last quarter. MetLife Investment Management LLC boosted its position in Asbury Automotive Group by 56.3% during the 1st quarter. MetLife Investment Management LLC now owns 12,440 shares of the company’s stock valued at $1,993,000 after acquiring an additional 4,480 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Asbury Automotive Group by 7.3% during the 1st quarter. Rhumbline Advisers now owns 63,891 shares of the company’s stock valued at $10,235,000 after acquiring an additional 4,367 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 that occurred on Thursday, March 9th. The shares were sold at an average price of $235.60, for a total transaction of $666,276.80. Following the completion of the transaction, the senior vice president now directly owns 4,290 shares in the company, valued at $1,010,724. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.41% of the company’s stock.
Analysts Set New Price Targets
Asbury Automotive Group Price Performance
ABG stock opened at $211.14 on Tuesday. The firm has a 50 day moving average price of $202.54 and a 200-day moving average price of $200.82. Asbury Automotive Group, Inc. has a 52-week low of $138.88 and a 52-week high of $253.67. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 4.95, a PEG ratio of 0.37 and a beta of 1.12. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.91 and a current ratio of 1.92.
Asbury Automotive Group (NYSE:ABG – Get Rating) last released its earnings results on Tuesday, April 25th. The company reported $8.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.94 by $0.43. Asbury Automotive Group had a net margin of 6.23% and a return on equity of 29.48%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the business earned $9.27 earnings per share. The business’s revenue was down 8.4% on a year-over-year basis. Equities research analysts forecast that Asbury Automotive Group, Inc. will post 31.52 EPS 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.
Read More
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