16,893 Shares in Asbury Automotive Group Inc. (ABG) Acquired by First Trust Advisors LP
First Trust Advisors LP bought a new position in shares of Asbury Automotive Group Inc. (NYSE:ABG) during the second quarter, Holdings Channel reports. The institutional investor bought 16,893 shares of the company’s stock, valued at approximately $891,000. First Trust Advisors LP owned approximately 0.08% of Asbury Automotive Group as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in Asbury Automotive Group by 76.0% in the first quarter. JPMorgan Chase & Co. now owns 44,294 shares of the company’s stock worth $2,651,000 after buying an additional 19,123 shares in the last quarter. BlackRock Group LTD increased its position in Asbury Automotive Group by 138.5% in the first quarter. BlackRock Group LTD now owns 43,259 shares of the company’s stock worth $2,589,000 after buying an additional 25,119 shares in the last quarter. Glenmede Trust Co. NA increased its position in Asbury Automotive Group by 47.7% in the first quarter. Glenmede Trust Co. NA now owns 9,442 shares of the company’s stock worth $563,000 after buying an additional 3,048 shares in the last quarter. Aperio Group LLC purchased a new position in Asbury Automotive Group during the first quarter worth approximately $303,000. Finally, UBS Group AG increased its position in Asbury Automotive Group by 125.8% in the first quarter. UBS Group AG now owns 290,279 shares of the company’s stock worth $17,370,000 after buying an additional 161,722 shares in the last quarter. Institutional investors own 98.88% of the company’s stock.
Asbury Automotive Group Inc. (NYSE:ABG) traded down 1.885% on Friday, hitting $53.865. The company had a trading volume of 81,143 shares. The stock has a 50 day moving average of $54.33 and a 200-day moving average of $56.14. The stock has a market capitalization of $1.19 billion, a PE ratio of 8.209 and a beta of 1.20. Asbury Automotive Group Inc. has a one year low of $43.56 and a one year high of $87.63.
Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.65 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.65. The company earned $1.63 billion during the quarter, compared to analyst estimates of $1.72 billion. Asbury Automotive Group had a return on equity of 51.29% and a net margin of 2.45%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted $1.52 earnings per share. Equities analysts anticipate that Asbury Automotive Group Inc. will post $6.11 EPS for the current year.
ABG has been the topic of a number of research reports. Wolfe Research initiated coverage on Asbury Automotive Group in a report on Tuesday, September 13th. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Tuesday, September 27th. Finally, TheStreet upgraded Asbury Automotive Group from a “hold” rating to a “buy” rating in a report on Monday, July 25th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $70.75.
In other Asbury Automotive Group news, SVP George A. Villasana sold 10,000 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $60.36, for a total value of $603,600.00. Following the completion of the sale, the senior vice president now owns 22,238 shares of the company’s stock, valued at $1,342,285.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Craig T. Monaghan sold 27,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $57.92, for a total transaction of $1,563,840.00. Following the completion of the sale, the chief executive officer now directly owns 125,519 shares of the company’s stock, valued at approximately $7,270,060.48. The disclosure for this sale can be found here. 10.90% of the stock is owned by corporate insiders.
Asbury Automotive Group Company Profile
Asbury Automotive Group, Inc is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles; used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services, and finance and insurance, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance.
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