1,318 Shares in Asbury Automotive Group, Inc. (NYSE:ABG) Acquired by Cerity Partners LLC

Cerity Partners LLC acquired a new position in Asbury Automotive Group, Inc. (NYSE:ABG) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,318 shares of the company’s stock, valued at approximately $297,000.

Other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new position in shares of Asbury Automotive Group in the third quarter worth approximately $36,000. CWM LLC increased its position in shares of Asbury Automotive Group by 94.0% in the third quarter. CWM LLC now owns 161 shares of the company’s stock worth $37,000 after purchasing an additional 78 shares during the last quarter. Blue Trust Inc. grew its position in Asbury Automotive Group by 31.2% during the fourth quarter. Blue Trust Inc. now owns 244 shares of the company’s stock valued at $56,000 after acquiring an additional 58 shares during the last quarter. Pathstone Family Office LLC bought a new position in Asbury Automotive Group during the third quarter valued at approximately $202,000. Finally, Paulson Wealth Management Inc. grew its position in Asbury Automotive Group by 14.3% during the third quarter. Paulson Wealth Management Inc. now owns 985 shares of the company’s stock valued at $227,000 after acquiring an additional 123 shares during the last quarter.

Insider Activity

In other news, SVP Jed Milstein sold 3,955 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $209.00, for a total transaction of $826,595.00. Following the completion of the sale, the senior vice president now owns 8,300 shares of the company’s stock, valued at $1,734,700. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Asbury Automotive Group Stock Performance

NYSE:ABG opened at $221.97 on Friday. The firm has a market cap of $4.48 billion, a PE ratio of 8.09 and a beta of 1.18. Asbury Automotive Group, Inc. has a fifty-two week low of $178.40 and a fifty-two week high of $256.39. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.45 and a current ratio of 1.06. The business has a 50 day moving average price of $216.97 and a 200-day moving average price of $213.28.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings data on Thursday, April 25th. The company reported $7.21 earnings per share for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.57). The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.26 billion. Asbury Automotive Group had a net margin of 3.68% and a return on equity of 20.37%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the company posted $8.37 EPS. Equities research analysts predict that Asbury Automotive Group, Inc. will post 31.46 earnings per share for the current year.

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.