Asbury Automotive Group, Inc. (NYSE:ABG) Shares Sold by Swiss National Bank

Swiss National Bank decreased its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,400 shares of the company’s stock after selling 100 shares during the quarter. Swiss National Bank owned about 0.18% of Asbury Automotive Group worth $8,603,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in Asbury Automotive Group in the 3rd quarter worth $1,223,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Asbury Automotive Group during the 4th quarter valued at about $221,000. Charles Schwab Investment Management Inc. grew its position in Asbury Automotive Group by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 211,766 shares of the company’s stock worth $51,465,000 after purchasing an additional 3,273 shares during the last quarter. Empirical Asset Management LLC bought a new position in Asbury Automotive Group in the 4th quarter worth about $484,000. Finally, Proficio Capital Partners LLC bought a new position in Asbury Automotive Group in the 4th quarter worth about $5,316,000.

Insider Buying and Selling at Asbury Automotive Group

In other news, COO Daniel Clara sold 1,217 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total transaction of $361,010.88. Following the transaction, the chief operating officer now owns 3,747 shares in the company, valued at $1,111,510.08. This represents a 24.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ABG. Stephens upped their target price on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Craig Hallum lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Asbury Automotive Group presently has an average rating of “Hold” and an average target price of $264.00.

Asbury Automotive Group Stock Up 0.6 %

Asbury Automotive Group stock opened at $233.44 on Friday. The firm has a market cap of $4.59 billion, a PE ratio of 10.85 and a beta of 1.22. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. The firm’s 50 day moving average price is $267.71 and its two-hundred day moving average price is $250.17. Asbury Automotive Group, Inc. has a twelve month low of $206.62 and a twelve month high of $312.56.

About Asbury Automotive Group

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.