Asbury Automotive Group, Inc. (NYSE:ABG) Stock Position Lifted by Barclays PLC

Barclays PLC boosted its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 94.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,644 shares of the company’s stock after buying an additional 18,821 shares during the quarter. Barclays PLC owned approximately 0.20% of Asbury Automotive Group worth $9,220,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ABG. Arizona State Retirement System raised its holdings in shares of Asbury Automotive Group by 1.0% during the second quarter. Arizona State Retirement System now owns 5,141 shares of the company’s stock worth $1,171,000 after acquiring an additional 51 shares in the last quarter. Oak Associates Ltd. OH raised its stake in shares of Asbury Automotive Group by 1.4% during the 2nd quarter. Oak Associates Ltd. OH now owns 3,648 shares of the company’s stock worth $831,000 after purchasing an additional 51 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Asbury Automotive Group by 3.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,720 shares of the company’s stock valued at $409,000 after buying an additional 53 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Asbury Automotive Group by 3.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,843 shares of the company’s stock valued at $440,000 after buying an additional 57 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its holdings in Asbury Automotive Group by 2.2% in the second quarter. SummerHaven Investment Management LLC now owns 3,030 shares of the company’s stock worth $690,000 after buying an additional 66 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have commented on ABG shares. JPMorgan Chase & Co. decreased their target price on shares of Asbury Automotive Group from $265.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Craig Hallum upped their price objective on shares of Asbury Automotive Group from $240.00 to $260.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Seaport Res Ptn downgraded shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Bank of America reduced their price target on Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, StockNews.com raised Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Asbury Automotive Group presently has an average rating of “Hold” and an average target price of $256.20.

Asbury Automotive Group Price Performance

Shares of NYSE:ABG opened at $252.17 on Wednesday. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 14.29 and a beta of 1.18. The business has a 50 day moving average price of $246.74 and a 200 day moving average price of $238.77. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. Asbury Automotive Group, Inc. has a twelve month low of $195.09 and a twelve month high of $277.13.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $6.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.58 by ($0.23). The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.30 billion. Asbury Automotive Group had a return on equity of 16.51% and a net margin of 2.16%. The company’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.12 EPS. Research analysts predict that Asbury Automotive Group, Inc. will post 25.17 earnings per share for the current year.

About Asbury Automotive Group

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.