Asbury Automotive Group, Inc. (NYSE:ABG) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in shares of Asbury Automotive Group, Inc. (NYSE:ABGFree Report) by 43.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,755 shares of the company’s stock after selling 10,586 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Asbury Automotive Group were worth $3,165,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ABG. CWM LLC boosted its position in shares of Asbury Automotive Group by 94.0% in the 3rd quarter. CWM LLC now owns 161 shares of the company’s stock worth $37,000 after buying an additional 78 shares in the last quarter. Ronald Blue Trust Inc. boosted its position in shares of Asbury Automotive Group by 93.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 186 shares of the company’s stock worth $45,000 after buying an additional 90 shares in the last quarter. Belpointe Asset Management LLC boosted its position in shares of Asbury Automotive Group by 66.9% in the 1st quarter. Belpointe Asset Management LLC now owns 227 shares of the company’s stock worth $48,000 after buying an additional 91 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Asbury Automotive Group by 11.5% in the 2nd quarter. Lazard Asset Management LLC now owns 698 shares of the company’s stock worth $167,000 after buying an additional 72 shares in the last quarter. Finally, Pathstone Family Office LLC purchased a new stake in shares of Asbury Automotive Group in the 3rd quarter worth about $200,000.

Analysts Set New Price Targets

Several brokerages recently weighed in on ABG. JPMorgan Chase & Co. raised shares of Asbury Automotive Group from a “neutral” rating to an “overweight” rating and set a $245.00 target price for the company in a research note on Tuesday, October 31st. Craig Hallum downgraded shares of Asbury Automotive Group from a “buy” rating to a “hold” rating and set a $230.00 target price for the company. in a research note on Thursday, February 8th.

Get Our Latest Stock Report on Asbury Automotive Group

Insider Activity

In other news, SVP Daniel Clara sold 4,618 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $237.11, for a total transaction of $1,094,973.98. Following the completion of the sale, the senior vice president now owns 6,047 shares in the company, valued at approximately $1,433,804.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Asbury Automotive Group news, Director Philip F. Maritz sold 1,651 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $227.65, for a total value of $375,850.15. Following the completion of the transaction, the director now owns 6,522 shares in the company, valued at approximately $1,484,733.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Daniel Clara sold 4,618 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $237.11, for a total value of $1,094,973.98. Following the completion of the transaction, the senior vice president now owns 6,047 shares of the company’s stock, valued at approximately $1,433,804.17. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Asbury Automotive Group Trading Up 3.0 %

Shares of ABG stock opened at $222.40 on Tuesday. The firm has a 50-day moving average price of $214.92 and a 200 day moving average price of $215.38. Asbury Automotive Group, Inc. has a twelve month low of $178.40 and a twelve month high of $256.39. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 7.78 and a beta of 1.18. The company has a current ratio of 2.07, a quick ratio of 0.82 and a debt-to-equity ratio of 0.97.

Asbury Automotive Group (NYSE:ABGGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $7.12 EPS for the quarter, missing analysts’ consensus estimates of $7.74 by ($0.62). Asbury Automotive Group had a net margin of 4.07% and a return on equity of 21.90%. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period in the prior year, the company earned $9.12 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. Research analysts forecast that Asbury Automotive Group, Inc. will post 31.97 earnings per share for the current fiscal year.

Asbury Automotive Group Profile

(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.

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Institutional Ownership by Quarter for Asbury Automotive Group (NYSE:ABG)

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