New York State Teachers Retirement System Reduces Stock Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)

New York State Teachers Retirement System trimmed its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,084 shares of the company’s stock after selling 100 shares during the quarter. New York State Teachers Retirement System’s holdings in Asbury Automotive Group were worth $3,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new position in Asbury Automotive Group during the 3rd quarter worth $36,000. CWM LLC grew its stake in Asbury Automotive Group by 94.0% during the 3rd quarter. CWM LLC now owns 161 shares of the company’s stock valued at $37,000 after purchasing an additional 78 shares during the last quarter. Ronald Blue Trust Inc. grew its stake in Asbury Automotive Group by 93.8% during the 3rd quarter. Ronald Blue Trust Inc. now owns 186 shares of the company’s stock valued at $45,000 after purchasing an additional 90 shares during the last quarter. Belpointe Asset Management LLC grew its stake in Asbury Automotive Group by 66.9% during the 1st quarter. Belpointe Asset Management LLC now owns 227 shares of the company’s stock valued at $48,000 after purchasing an additional 91 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Asbury Automotive Group by 31.2% during the 4th quarter. Blue Trust Inc. now owns 244 shares of the company’s stock valued at $56,000 after purchasing an additional 58 shares during the last quarter.

Analysts Set New Price Targets

Separately, Craig Hallum downgraded Asbury Automotive Group from a “buy” rating to a “hold” rating and set a $230.00 price target on the stock. in a research note on Thursday, February 8th.

Insider Buying and Selling

In related news, SVP Jed Milstein sold 3,955 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $209.00, for a total value of $826,595.00. Following the completion of the transaction, the senior vice president now owns 8,300 shares of the company’s stock, valued at approximately $1,734,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently owned by insiders.

Asbury Automotive Group Stock Performance

Shares of ABG stock opened at $215.30 on Tuesday. The stock has a market cap of $4.34 billion, a PE ratio of 7.53 and a beta of 1.18. The business has a 50-day simple moving average of $216.74 and a 200-day simple moving average of $213.18. The company has a quick ratio of 0.45, a current ratio of 1.06 and a debt-to-equity ratio of 0.96. Asbury Automotive Group, Inc. has a 52-week low of $178.40 and a 52-week high of $256.39.

Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings data on Thursday, February 8th. The company reported $7.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.74 by ($0.62). The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.70 billion. Asbury Automotive Group had a net margin of 4.07% and a return on equity of 21.68%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $9.12 EPS. On average, equities analysts expect that Asbury Automotive Group, Inc. will post 31.46 EPS 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.