Natixis Advisors L.P. Acquires 2,069 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Posted by Defense World Staff on Aug 31st, 2023

Natixis Advisors L.P. lifted its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG – Free Report) by 8.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 25,299 shares of the company’s stock after acquiring an additional 2,069 shares during the period. Natixis Advisors L.P. owned approximately 0.12% of Asbury Automotive Group worth $5,313,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ABG. EverSource Wealth Advisors LLC lifted its holdings in shares of Asbury Automotive Group by 614.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company’s stock worth $45,000 after acquiring an additional 215 shares during the period. Archer Investment Corp bought a new position in Asbury Automotive Group during the 1st quarter valued at about $83,000. Quadrant Capital Group LLC lifted its holdings in Asbury Automotive Group by 18.5% during the 4th quarter. Quadrant Capital Group LLC now owns 487 shares of the company’s stock valued at $87,000 after purchasing an additional 76 shares during the last quarter. Ronald Blue Trust Inc. lifted its holdings in Asbury Automotive Group by 44.0% during the 1st quarter. Ronald Blue Trust Inc. now owns 641 shares of the company’s stock valued at $115,000 after purchasing an additional 196 shares during the last quarter. Finally, Pathstone Family Office LLC bought a new position in Asbury Automotive Group during the 3rd quarter valued at about $200,000.

Asbury Automotive Group Trading Up 1.5 %

ABG opened at $229.00 on Thursday. The company has a current ratio of 1.91, a quick ratio of 0.77 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $4.71 billion, a PE ratio of 5.34, a PEG ratio of 0.36 and a beta of 1.13. Asbury Automotive Group, Inc. has a 1-year low of $138.88 and a 1-year high of $256.39. The firm has a 50-day moving average price of $230.73 and a two-hundred day moving average price of $218.31.

Asbury Automotive Group (NYSE:ABG – Get Free Report) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $8.95 earnings per share for the quarter, beating the consensus estimate of $8.24 by $0.71. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Asbury Automotive Group had a net margin of 6.28% and a return on equity of 26.62%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $10.04 EPS. As a group, equities analysts anticipate that Asbury Automotive Group, Inc. will post 33.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Asbury Automotive Group from a “buy” rating to a “hold” rating in a report on Monday. Stephens lifted their price target on shares of Asbury Automotive Group from $275.00 to $300.00 in a report on Wednesday, July 19th. Finally, Morgan Stanley lifted their price target on shares of Asbury Automotive Group from $128.00 to $165.00 and gave the company an “underweight” rating in a report on Wednesday, August 9th.

View Our Latest Research Report on Asbury Automotive Group

About Asbury Automotive Group

(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.