Asbury Automotive Group, Inc. (NYSE:ABG) COO Daniel Clara Sells 1,217 Shares

Asbury Automotive Group, Inc. (NYSE:ABG) COO Daniel Clara sold 1,217 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total transaction of $361,010.88. Following the completion of the sale, the chief operating officer now owns 3,747 shares of the company’s stock, valued at approximately $1,111,510.08. The trade was a 24.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Asbury Automotive Group Price Performance

Shares of NYSE ABG opened at $294.55 on Thursday. The stock has a fifty day simple moving average of $263.90 and a two-hundred day simple moving average of $247.37. Asbury Automotive Group, Inc. has a 1-year low of $202.98 and a 1-year high of $312.56. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 13.69 and a beta of 1.20. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its position in Asbury Automotive Group by 9.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company’s stock worth $117,000 after purchasing an additional 41 shares during the period. Bank of Montreal Can boosted its holdings in Asbury Automotive Group by 2.0% in the 4th quarter. Bank of Montreal Can now owns 2,502 shares of the company’s stock worth $608,000 after buying an additional 48 shares during the period. SkyView Investment Advisors LLC boosted its holdings in Asbury Automotive Group by 2.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,119 shares of the company’s stock worth $506,000 after buying an additional 50 shares during the period. HighTower Advisors LLC boosted its holdings in Asbury Automotive Group by 3.2% in the 3rd quarter. HighTower Advisors LLC now owns 1,720 shares of the company’s stock worth $409,000 after buying an additional 53 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its holdings in shares of Asbury Automotive Group by 3.2% in the third quarter. OneDigital Investment Advisors LLC now owns 1,843 shares of the company’s stock worth $440,000 after acquiring an additional 57 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ABG. Stephens upped their price objective 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 raised Asbury Automotive Group from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. StockNews.com raised Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on 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. Finally, Seaport Res Ptn downgraded Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $264.00.

Asbury Automotive Group Company Profile

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.