Swiss National Bank Increases Stock Position in Asbury Automotive Group, Inc. $ABG

Swiss National Bank boosted its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,700 shares of the company’s stock after buying an additional 1,500 shares during the quarter. Swiss National Bank owned approximately 0.18% of Asbury Automotive Group worth $8,516,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd lifted its holdings in Asbury Automotive Group by 51.7% during the second quarter. Dynamic Technology Lab Private Ltd now owns 6,430 shares of the company’s stock worth $1,534,000 after buying an additional 2,190 shares during the period. Creative Planning raised its position in shares of Asbury Automotive Group by 30.4% in the 2nd quarter. Creative Planning now owns 8,533 shares of the company’s stock worth $2,035,000 after acquiring an additional 1,989 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Asbury Automotive Group by 7.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,047 shares of the company’s stock worth $1,204,000 after purchasing an additional 360 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Asbury Automotive Group by 4.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,441 shares of the company’s stock worth $1,059,000 after purchasing an additional 182 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Asbury Automotive Group by 0.7% during the second quarter. Geode Capital Management LLC now owns 472,476 shares of the company’s stock valued at $112,717,000 after purchasing an additional 3,437 shares in the last quarter.

Asbury Automotive Group Stock Performance

ABG opened at $232.57 on Friday. Asbury Automotive Group, Inc. has a 52-week low of $201.68 and a 52-week high of $312.56. The company has a quick ratio of 0.30, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. The company has a market cap of $4.52 billion, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 1.47 and a beta of 0.87. The firm’s 50-day moving average price is $236.07 and its 200-day moving average price is $238.82.

Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $7.17 EPS for the quarter, topping the consensus estimate of $6.80 by $0.37. The business had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.84 billion. Asbury Automotive Group had a net margin of 3.15% and a return on equity of 15.26%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.35 earnings per share. As a group, equities analysts anticipate that Asbury Automotive Group, Inc. will post 26.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ABG. Barclays began coverage on shares of Asbury Automotive Group in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $275.00 target price for the company. Citigroup reaffirmed a “neutral” rating on shares of Asbury Automotive Group in a research report on Thursday, September 25th. Morgan Stanley boosted their price objective on shares of Asbury Automotive Group from $225.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 14th. Zacks Research downgraded shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Asbury Automotive Group in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Asbury Automotive Group presently has a consensus rating of “Hold” and a consensus target price of $254.00.

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.