Asbury Automotive Group, Inc. (NYSE:ABG) Holdings Increased by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 52.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,805 shares of the company’s stock after buying an additional 2,680 shares during the quarter. Intech Investment Management LLC’s holdings in Asbury Automotive Group were worth $1,897,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Asbury Automotive Group by 0.5% during the 3rd quarter. State Street Corp now owns 801,391 shares of the company’s stock valued at $191,204,000 after acquiring an additional 3,672 shares during the last quarter. Madison Investment Advisors LLC acquired a new stake in shares of Asbury Automotive Group during the 4th quarter valued at $82,426,000. Charles Schwab Investment Management Inc. grew its stake in Asbury Automotive Group by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 211,766 shares of the company’s stock valued at $51,465,000 after purchasing an additional 3,273 shares in the last quarter. Magnolia Group LLC grew its stake in shares of Asbury Automotive Group by 2.1% in the 4th quarter. Magnolia Group LLC now owns 149,123 shares of the company’s stock valued at $36,241,000 after buying an additional 3,000 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in Asbury Automotive Group by 10.8% in the fourth quarter. Natixis Advisors LLC now owns 123,369 shares of the company’s stock worth $29,982,000 after acquiring an additional 11,995 shares in the last quarter.

Analyst Ratings Changes

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

Asbury Automotive Group Stock Down 1.1 %

ABG stock opened at $231.98 on Friday. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 10.78 and a beta of 1.22. The company has a 50-day moving average of $267.79 and a two-hundred day moving average of $250.26. Asbury Automotive Group, Inc. has a 52-week low of $206.62 and a 52-week high of $312.56. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41.

Insider Activity at Asbury Automotive Group

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total value of $361,010.88. Following the transaction, the chief operating officer now directly owns 3,747 shares of the company’s stock, valued at $1,111,510.08. The trade was a 24.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.53% of the stock is owned by corporate insiders.

Asbury Automotive Group 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.