Principal Financial Group Inc. Has $30.20 Million Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Principal Financial Group Inc. increased its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABGGet Rating) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,829 shares of the company’s stock after buying an additional 15,685 shares during the period. Principal Financial Group Inc.’s holdings in Asbury Automotive Group were worth $30,199,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. First Horizon Advisors Inc. acquired a new stake in Asbury Automotive Group during the 3rd quarter worth approximately $25,000. Koshinski Asset Management Inc. boosted its position in Asbury Automotive Group by 55.2% during the 4th quarter. Koshinski Asset Management Inc. now owns 222 shares of the company’s stock worth $38,000 after buying an additional 79 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Asbury Automotive Group by 18.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 559 shares of the company’s stock worth $110,000 after buying an additional 89 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Asbury Automotive Group during the 3rd quarter worth approximately $165,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Asbury Automotive Group during the 4th quarter worth approximately $204,000.

Several equities research analysts recently commented on ABG shares. Zacks Investment Research upgraded shares of Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Monday, May 9th. Craig Hallum dropped their price target on shares of Asbury Automotive Group from $250.00 to $225.00 in a research report on Wednesday, February 16th. Morgan Stanley boosted their price target on shares of Asbury Automotive Group from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 8th. StockNews.com started coverage on shares of Asbury Automotive Group in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Asbury Automotive Group from $225.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, April 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Asbury Automotive Group has an average rating of “Buy” and a consensus target price of $215.00.

NYSE:ABG opened at $191.98 on Friday. The company has a fifty day moving average of $173.63 and a 200-day moving average of $173.04. The firm has a market capitalization of $4.25 billion, a P/E ratio of 5.97, a P/E/G ratio of 0.28 and a beta of 1.20. The company has a quick ratio of 0.70, a current ratio of 1.14 and a debt-to-equity ratio of 1.53. Asbury Automotive Group, Inc. has a twelve month low of $146.43 and a twelve month high of $230.96.

Asbury Automotive Group (NYSE:ABGGet Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $9.27 earnings per share for the quarter, beating the consensus estimate of $8.94 by $0.33. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.91 billion. Asbury Automotive Group had a net margin of 5.86% and a return on equity of 39.72%. Asbury Automotive Group’s revenue for the quarter was up 78.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.68 EPS. On average, analysts anticipate that Asbury Automotive Group, Inc. will post 35.01 EPS for the current fiscal year.

In other Asbury Automotive Group news, CEO David W. Hult sold 23,848 shares of the business’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $195.81, for a total transaction of $4,669,676.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Miran Maric sold 233 shares of the business’s stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $187.79, for a total transaction of $43,755.07. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Asbury Automotive Group Company Profile (Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Asbury Automotive Group (NYSE:ABG)

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