Schroder Investment Management Group Has $45.72 Million Stock Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Schroder Investment Management Group grew its holdings in Asbury Automotive Group, Inc. (NYSE:ABGFree Report) by 120.5% during the 3rd quarter, Holdings Channel reports. The firm owned 198,739 shares of the company’s stock after purchasing an additional 108,595 shares during the period. Schroder Investment Management Group’s holdings in Asbury Automotive Group were worth $45,724,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. HighTower Advisors LLC raised its holdings 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 valued at $593,000 after purchasing an additional 1,182 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Asbury Automotive Group by 8.9% during the first quarter. PNC Financial Services Group Inc. now owns 1,459 shares of the company’s stock worth $233,000 after acquiring an additional 119 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Asbury Automotive Group by 1.2% in the first quarter. Bank of Montreal Can now owns 6,583 shares of the company’s stock valued at $1,099,000 after buying an additional 76 shares during the period. MetLife Investment Management LLC boosted its holdings in Asbury Automotive Group by 56.3% in the first 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 during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Asbury Automotive Group by 7.3% in the first 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 during the last quarter.

Insider Buying and Selling at Asbury Automotive Group

In other news, SVP Daniel Clara sold 4,618 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 6,047 shares of the company’s stock, valued at $1,433,804.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Daniel Clara sold 4,618 shares of Asbury Automotive Group 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 in the company, valued at approximately $1,433,804.17. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Philip F. Maritz sold 1,651 shares of the firm’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 sale, the director now directly owns 6,522 shares of the company’s stock, valued at $1,484,733.30. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Craig Hallum cut Asbury Automotive Group from a “buy” rating to a “hold” rating and set a $230.00 price target on the stock. in a report on Thursday, February 8th.

View Our Latest Analysis on ABG

Asbury Automotive Group Price Performance

Shares of ABG stock opened at $210.19 on Friday. The firm has a market cap of $4.29 billion, a P/E ratio of 7.35 and a beta of 1.17. Asbury Automotive Group, Inc. has a fifty-two week low of $178.40 and a fifty-two week high of $256.39. The business’s 50 day moving average price is $211.24 and its 200-day moving average price is $214.09. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.45 and a current ratio of 1.06.

Asbury Automotive Group (NYSE:ABGGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported $7.12 earnings per share for the quarter, missing the consensus estimate of $7.74 by ($0.62). Asbury Automotive Group had a return on equity of 21.68% and a net margin of 4.07%. The firm had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the previous year, the company earned $9.12 earnings per share. Asbury Automotive Group’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts anticipate that Asbury Automotive Group, Inc. will post 31.46 earnings per share for the current 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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