Public Employees Retirement System of Ohio raised its position in Asbury Automotive Group Inc (NYSE:ABG) by 4.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,333 shares of the company’s stock after buying an additional 132 shares during the period. Public Employees Retirement System of Ohio’s holdings in Asbury Automotive Group were worth $200,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Asbury Automotive Group by 116,095.7% in the first quarter. BlackRock Inc. now owns 2,514,474 shares of the company’s stock worth $151,120,000 after buying an additional 2,512,310 shares during the last quarter. FMR LLC acquired a new position in Asbury Automotive Group during the first quarter worth $45,869,000. Neuberger Berman Group LLC boosted its position in Asbury Automotive Group by 42.2% in the first quarter. Neuberger Berman Group LLC now owns 1,446,088 shares of the company’s stock worth $86,910,000 after buying an additional 429,046 shares during the last quarter. Prudential Financial Inc. boosted its position in Asbury Automotive Group by 304.9% in the first quarter. Prudential Financial Inc. now owns 521,648 shares of the company’s stock worth $31,352,000 after buying an additional 392,811 shares during the last quarter. Finally, River Road Asset Management LLC acquired a new position in Asbury Automotive Group during the first quarter worth $21,387,000. 99.89% of the stock is owned by institutional investors.

Asbury Automotive Group Inc (NYSE ABG) traded down 1.13% on Thursday, reaching $52.40. The company’s stock had a trading volume of 60,433 shares. Asbury Automotive Group Inc has a 52 week low of $47.50 and a 52 week high of $71.00. The stock has a market capitalization of $1.09 billion, a P/E ratio of 6.82 and a beta of 1.42. The firm has a 50 day moving average price of $55.09 and a 200 day moving average price of $59.45.

Asbury Automotive Group (NYSE:ABG) last released its earnings results on Tuesday, July 25th. The company reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Asbury Automotive Group had a return on equity of 46.58% and a net margin of 2.53%. The firm’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 earnings per share. On average, equities analysts anticipate that Asbury Automotive Group Inc will post $6.34 EPS for the current year.

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A number of equities analysts recently weighed in on ABG shares. Zacks Investment Research cut Asbury Automotive Group from a “hold” rating to a “sell” rating in a report on Monday, July 3rd. Deutsche Bank AG reissued a “hold” rating and set a $60.00 target price (down previously from $68.00) on shares of Asbury Automotive Group in a report on Thursday, June 22nd. BidaskClub raised Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. ValuEngine cut Asbury Automotive Group from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Morgan Stanley reduced their target price on Asbury Automotive Group from $56.00 to $53.00 and set an “underweight” rating for the company in a report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $57.80.

In other news, insider William Frederick Stax sold 495 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $54.25, for a total transaction of $26,853.75. Following the completion of the sale, the insider now directly owns 4,586 shares of the company’s stock, valued at approximately $248,790.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP George Karolis sold 2,743 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $55.98, for a total transaction of $153,553.14. Following the sale, the senior vice president now directly owns 5,083 shares of the company’s stock, valued at $284,546.34. The disclosure for this sale can be found here. Insiders sold a total of 15,738 shares of company stock valued at $897,157 over the last ninety days. 11.90% of the stock is owned by corporate insiders.

About Asbury Automotive Group

Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.

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

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