Arizona State Retirement System lifted its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 2.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,187 shares of the company’s stock after acquiring an additional 662 shares during the period. Arizona State Retirement System owned 0.15% of Asbury Automotive Group worth $2,012,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ABG. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Asbury Automotive Group by 31.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock valued at $107,000 after buying an additional 390 shares during the last quarter. First Hawaiian Bank acquired a new stake in Asbury Automotive Group in the 3rd quarter valued at approximately $273,000. Rafferty Asset Management LLC acquired a new stake in Asbury Automotive Group in the 3rd quarter valued at approximately $278,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Asbury Automotive Group by 25.1% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,859 shares of the company’s stock valued at $334,000 after buying an additional 975 shares during the last quarter. Finally, Commonwealth Bank of Australia acquired a new stake in Asbury Automotive Group in the 3rd quarter valued at approximately $426,000.

ABG has been the topic of several recent research reports. Zacks Investment Research raised Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Thursday, January 17th. ValuEngine raised Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Finally, Morgan Stanley lifted their price objective on Asbury Automotive Group from $71.00 to $81.00 and gave the stock a “sell” rating in a report on Wednesday, November 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $75.50.

Shares of NYSE:ABG opened at $70.62 on Thursday. Asbury Automotive Group, Inc. has a 1-year low of $58.60 and a 1-year high of $77.75. The company has a market cap of $1.35 billion, a PE ratio of 8.40, a PEG ratio of 0.58 and a beta of 1.19. The company has a current ratio of 1.21, a quick ratio of 0.36 and a debt-to-equity ratio of 1.77.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings data on Wednesday, February 6th. The company reported $2.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.13. Asbury Automotive Group had a return on equity of 37.81% and a net margin of 2.44%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm earned $1.81 EPS. Asbury Automotive Group’s revenue for the quarter was up 6.8% compared to the same quarter last year. Research analysts expect that Asbury Automotive Group, Inc. will post 8.63 EPS for the current year.

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Asbury Automotive Group Company Profile

Asbury Automotive Group, Inc 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, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection insurance, prepaid maintenance, and credit life and disability insurance.

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

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