14,347 Shares in Asbury Automotive Group, Inc. $ABG Bought by Fieldview Capital Management LLC

Fieldview Capital Management LLC purchased a new position in Asbury Automotive Group, Inc. (NYSE:ABG) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 14,347 shares of the company’s stock, valued at approximately $3,336,000.

A number of other institutional investors also recently bought and sold shares of ABG. Norges Bank bought a new stake in shares of Asbury Automotive Group during the fourth quarter worth $77,963,000. Thrivent Financial for Lutherans increased its stake in shares of Asbury Automotive Group by 106.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 296,057 shares of the company’s stock valued at $68,842,000 after buying an additional 152,669 shares during the period. Woodline Partners LP purchased a new position in Asbury Automotive Group in the third quarter valued at about $32,684,000. American Century Companies Inc. grew its stake in Asbury Automotive Group by 261.7% in the third quarter. American Century Companies Inc. now owns 159,645 shares of the company’s stock valued at $39,025,000 after purchasing an additional 115,504 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Asbury Automotive Group by 49.1% during the first quarter. Goldman Sachs Group Inc. now owns 278,760 shares of the company’s stock worth $61,561,000 after acquiring an additional 91,767 shares during the last quarter.

Asbury Automotive Group Trading Down 0.1%

Asbury Automotive Group stock opened at $199.29 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.94 and a debt-to-equity ratio of 0.78. Asbury Automotive Group, Inc. has a 52 week low of $172.01 and a 52 week high of $274.50. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 1.10 and a beta of 0.74. The stock has a 50-day moving average price of $196.08 and a 200 day moving average price of $215.98.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $5.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.62 by ($0.25). Asbury Automotive Group had a net margin of 3.05% and a return on equity of 13.39%. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same period in the previous year, the firm posted $6.82 earnings per share. The company’s revenue was down .9% compared to the same quarter last year. Sell-side analysts anticipate that Asbury Automotive Group, Inc. will post 25.68 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley set a $220.00 price target on Asbury Automotive Group in a research note on Thursday, May 7th. UBS Group assumed coverage on Asbury Automotive Group in a research note on Wednesday, May 27th. They set a “neutral” rating and a $202.00 price target on the stock. Bank of America assumed coverage on Asbury Automotive Group in a research note on Wednesday, March 4th. They set a “buy” rating on the stock. Citigroup decreased their target price on Asbury Automotive Group from $260.00 to $212.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Finally, Stephens reaffirmed an “overweight” rating and set a $242.00 target price on shares of Asbury Automotive Group in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $232.00.

Insider Transactions at Asbury Automotive Group

In related news, Director B. Christopher Disantis purchased 157 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was bought at an average cost of $182.31 per share, with a total value of $28,622.67. Following the completion of the acquisition, the director owned 6,400 shares of the company’s stock, valued at $1,166,784. The trade was a 2.51% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.75% of the company’s stock.

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.