Asbury Automotive Group, Inc. (NYSE:ABG) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,182 shares of the company’s stock after selling 89 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Asbury Automotive Group were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. SkyView Investment Advisors LLC lifted its holdings in Asbury Automotive Group by 2.4% in the third quarter. SkyView Investment Advisors LLC now owns 2,119 shares of the company’s stock worth $506,000 after purchasing an additional 50 shares during the period. HighTower Advisors LLC lifted its stake in shares of 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 acquiring an additional 53 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Asbury Automotive Group by 2.3% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 4,023 shares of the company’s stock valued at $978,000 after acquiring an additional 92 shares in the last quarter. Evergreen Private Wealth LLC increased its stake in shares of Asbury Automotive Group by 0.7% during the fourth quarter. Evergreen Private Wealth LLC now owns 16,624 shares of the company’s stock valued at $4,040,000 after acquiring an additional 119 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Asbury Automotive Group by 17.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 839 shares of the company’s stock worth $204,000 after purchasing an additional 123 shares in the last quarter.

Insider Transactions at Asbury Automotive Group

In other news, COO Daniel Clara sold 1,217 shares of the stock in a transaction 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 completion of the sale, the chief operating officer now owns 3,747 shares in the company, valued at $1,111,510.08. This represents a 24.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Asbury Automotive Group Trading Down 1.9 %

Shares of ABG opened at $237.79 on Thursday. The business’s 50-day moving average price is $267.59 and its 200 day moving average price is $250.60. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $4.67 billion, a P/E ratio of 11.05 and a beta of 1.22. Asbury Automotive Group, Inc. has a 1-year low of $206.62 and a 1-year high of $312.56.

About Asbury Automotive Group

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.