Piedmont Investment Advisors Inc. grew its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 5.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,922 shares of the company’s stock after buying an additional 262 shares during the period. Piedmont Investment Advisors Inc.’s holdings in Asbury Automotive Group were worth $341,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in Asbury Automotive Group by 1.6% during the third quarter. Teachers Advisors LLC now owns 38,059 shares of the company’s stock valued at $2,617,000 after purchasing an additional 591 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Asbury Automotive Group by 31.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock worth $107,000 after buying an additional 390 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Asbury Automotive Group by 2.2% during the fourth quarter. Arizona State Retirement System now owns 30,187 shares of the company’s stock worth $2,012,000 after buying an additional 662 shares in the last quarter. GWM Advisors LLC acquired a new position in shares of Asbury Automotive Group during the fourth quarter worth $343,000. Finally, Keybank National Association OH increased its holdings in shares of Asbury Automotive Group by 1.5% during the fourth quarter. Keybank National Association OH now owns 13,175 shares of the company’s stock worth $878,000 after buying an additional 200 shares in the last quarter.

Several research analysts have recently issued reports on ABG shares. Craig Hallum upgraded shares of Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Wednesday, April 24th. JPMorgan Chase & Co. started coverage on shares of Asbury Automotive Group in a report on Tuesday, February 19th. They set a “neutral” rating and a $82.00 price target for the company. Zacks Investment Research downgraded shares of Asbury Automotive Group from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Finally, Morgan Stanley upped their price target on shares of Asbury Automotive Group from $85.00 to $87.00 and gave the stock an “equal weight” rating in a report on Monday, May 6th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Asbury Automotive Group presently has an average rating of “Hold” and a consensus price target of $81.50.

In related news, SVP Jed Milstein sold 1,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $69.41, for a total value of $69,410.00. Following the completion of the sale, the senior vice president now directly owns 13,027 shares in the company, valued at $904,204.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David W. Hult sold 15,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $79.25, for a total value of $1,188,750.00. Following the completion of the sale, the chief executive officer now owns 25,703 shares of the company’s stock, valued at $2,036,962.75. The disclosure for this sale can be found here. Insiders have sold 33,599 shares of company stock valued at $2,658,949 over the last quarter. Company insiders own 1.36% of the company’s stock.

Shares of NYSE:ABG opened at $74.19 on Friday. The firm has a market cap of $1.49 billion, a PE ratio of 8.82, a P/E/G ratio of 0.60 and a beta of 1.22. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.15 and a quick ratio of 0.33. Asbury Automotive Group, Inc. has a 52-week low of $58.60 and a 52-week high of $82.30.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.28. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Asbury Automotive Group had a net margin of 2.43% and a return on equity of 36.35%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.93 earnings per share. On average, sell-side analysts anticipate that Asbury Automotive Group, Inc. will post 8.97 EPS for the current year.

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Asbury Automotive Group 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.

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

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