Mitsubishi UFJ Trust & Banking Corp Has $1.72 Million Stock Position in Asbury Automotive Group, Inc. $ABG

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 631.4% in the 3rd quarter, Holdings Channel reports. The firm owned 7,036 shares of the company’s stock after buying an additional 6,074 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Asbury Automotive Group were worth $1,720,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Osaic Holdings Inc. raised its holdings in Asbury Automotive Group by 69.2% during the second quarter. Osaic Holdings Inc. now owns 132 shares of the company’s stock valued at $31,000 after buying an additional 54 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Asbury Automotive Group by 64.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 206 shares of the company’s stock valued at $49,000 after acquiring an additional 81 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Asbury Automotive Group by 104.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 337 shares of the company’s stock valued at $80,000 after acquiring an additional 172 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Asbury Automotive Group by 700.0% during the second quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock worth $191,000 after purchasing an additional 700 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in Asbury Automotive Group by 7.3% during the third quarter. Nisa Investment Advisors LLC now owns 825 shares of the company’s stock worth $202,000 after purchasing an additional 56 shares during the period.

Asbury Automotive Group Trading Down 1.1%

Asbury Automotive Group stock opened at $234.52 on Friday. The business has a 50 day moving average price of $240.29 and a two-hundred day moving average price of $239.25. The company has a quick ratio of 0.30, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. Asbury Automotive Group, Inc. has a 12 month low of $201.68 and a 12 month high of $309.99. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 8.22 and a beta of 0.82.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings data on Tuesday, October 28th. The company reported $7.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.80 by $0.37. The business had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.84 billion. Asbury Automotive Group had a return on equity of 15.26% and a net margin of 3.15%.Asbury Automotive Group’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $6.35 earnings per share. As a group, equities analysts forecast that Asbury Automotive Group, Inc. will post 26.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley set a $230.00 price objective on shares of Asbury Automotive Group in a research note on Monday, December 8th. JPMorgan Chase & Co. boosted their target price on shares of Asbury Automotive Group from $230.00 to $235.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 5th. Barclays lowered their price target on Asbury Automotive Group from $251.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Asbury Automotive Group in a research report on Monday, December 29th. Finally, Zacks Research lowered Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $250.43.

Asbury Automotive Group Profile

Asbury Automotive Group, Inc (NYSE:ABG) is one of the largest automotive retailers in the United States. Headquartered in Duluth, Georgia, the company operates a network of franchised dealerships representing a diverse portfolio of automotive brands. Its core business activities include the sale of new and pre-owned vehicles, as well as the provision of vehicle finance, insurance and protection products to retail customers.

In addition to retail sales, Asbury offers a comprehensive suite of after-sales services, from scheduled maintenance and certified collision repair to parts distribution.