First Horizon Advisors Inc. Purchases 98 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

First Horizon Advisors Inc. grew its position in Asbury Automotive Group, Inc. (NYSE:ABG – Get Rating) by 78.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 223 shares of the company’s stock after acquiring an additional 98 shares during the quarter. First Horizon Advisors Inc.’s holdings in Asbury Automotive Group were worth $38,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ABG. Mutual of America Capital Management LLC boosted its stake in Asbury Automotive Group by 22.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 3,160 shares of the company’s stock worth $546,000 after purchasing an additional 582 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Asbury Automotive Group during the 4th quarter valued at approximately $1,814,000. State of Alaska Department of Revenue increased its holdings in shares of Asbury Automotive Group by 16.2% during the 4th quarter. State of Alaska Department of Revenue now owns 16,385 shares of the company’s stock valued at $2,830,000 after purchasing an additional 2,285 shares in the last quarter. Yousif Capital Management LLC purchased a new position in shares of Asbury Automotive Group during the 4th quarter valued at approximately $3,744,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Asbury Automotive Group by 6.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 238,591 shares of the company’s stock valued at $46,940,000 after purchasing an additional 14,385 shares in the last quarter.

Shares of NYSE ABG opened at $191.98 on Friday. The firm has a market cap of $4.25 billion, a PE ratio of 5.97, a PEG ratio of 0.28 and a beta of 1.20. The firm has a fifty day moving average of $173.63 and a 200 day moving average of $173.04. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.70 and a current ratio of 1.14. Asbury Automotive Group, Inc. has a one year low of $146.43 and a one year high of $230.96.

Asbury Automotive Group (NYSE:ABG – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The company reported $9.27 EPS for the quarter, topping the consensus estimate of $8.94 by $0.33. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.91 billion. Asbury Automotive Group had a net margin of 5.86% and a return on equity of 39.72%. The firm’s revenue was up 78.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.68 EPS. On average, equities analysts predict that Asbury Automotive Group, Inc. will post 35.01 EPS for the current fiscal year.

Several equities analysts have recently weighed in on ABG shares. StockNews.com started coverage on shares of Asbury Automotive Group in a report on Thursday, March 31st. They set a “hold” rating for the company. Craig Hallum cut their target price on shares of Asbury Automotive Group from $250.00 to $225.00 in a report on Wednesday, February 16th. JPMorgan Chase & Co. cut their target price on shares of Asbury Automotive Group from $225.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday, April 7th. Morgan Stanley lifted their target price on shares of Asbury Automotive Group from $180.00 to $185.00 and gave the company an “equal weight” rating in a report on Tuesday, March 8th. Finally, Zacks Investment Research raised shares of Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a report on Monday, May 9th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $215.00.

In other news, SVP Miran Maric sold 233 shares of the business’s stock in a transaction dated Wednesday, March 9th. The shares were sold at an average price of $187.79, for a total transaction of $43,755.07. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David W. Hult sold 23,848 shares of the business’s stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $195.81, for a total transaction of $4,669,676.88. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Asbury Automotive Group Company Profile (Get Rating)

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.

Featured Stories