LSV Asset Management Boosts Stock Position in Asbury Automotive Group, Inc. (NYSE:ABG)

LSV Asset Management lifted its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 18.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 48,500 shares of the company’s stock after purchasing an additional 7,700 shares during the quarter. LSV Asset Management’s holdings in Asbury Automotive Group were worth $10,911,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ABG. DekaBank Deutsche Girozentrale bought a new position in shares of Asbury Automotive Group during the 3rd quarter valued at $36,000. GAMMA Investing LLC purchased a new position in shares of Asbury Automotive Group in the fourth quarter worth about $48,000. Blue Trust Inc. lifted its stake in shares of Asbury Automotive Group by 31.2% in the 4th quarter. Blue Trust Inc. now owns 244 shares of the company’s stock valued at $56,000 after acquiring an additional 58 shares during the last quarter. Pathstone Family Office LLC purchased a new stake in Asbury Automotive Group during the 3rd quarter valued at about $202,000. Finally, Paulson Wealth Management Inc. grew its position in Asbury Automotive Group by 14.3% during the 3rd quarter. Paulson Wealth Management Inc. now owns 985 shares of the company’s stock worth $227,000 after acquiring an additional 123 shares during the last quarter.

Asbury Automotive Group Stock Down 1.0 %

ABG stock opened at $219.47 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.38 and a current ratio of 1.06. Asbury Automotive Group, Inc. has a fifty-two week low of $178.40 and a fifty-two week high of $256.39. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 8.00 and a beta of 1.19. The business’s 50 day moving average price is $217.36 and its two-hundred day moving average price is $213.33.

Asbury Automotive Group (NYSE:ABG) last announced its earnings results on Thursday, April 25th. The company reported $7.21 EPS for the quarter, missing analysts’ consensus estimates of $7.76 by ($0.55). Asbury Automotive Group had a net margin of 3.68% and a return on equity of 20.12%. The business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the firm posted $8.37 EPS. The business’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, analysts forecast that Asbury Automotive Group, Inc. will post 30.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ABG. JPMorgan Chase & Co. cut their target price on shares of Asbury Automotive Group from $235.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Craig Hallum downgraded shares of Asbury Automotive Group from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research note on Thursday, February 8th.

Insider Activity

In related news, SVP Jed Milstein sold 3,955 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $209.00, for a total transaction of $826,595.00. Following the completion of the sale, the senior vice president now owns 8,300 shares of the company’s stock, valued at $1,734,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.53% of the company’s stock.

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.