Asbury Automotive Group, Inc. (NYSE:ABG) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 21.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,938 shares of the company’s stock after buying an additional 686 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Asbury Automotive Group were worth $886,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new position in Asbury Automotive Group during the third quarter valued at approximately $36,000. CWM LLC increased its holdings in Asbury Automotive Group by 94.0% in the 3rd quarter. CWM LLC now owns 161 shares of the company’s stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. Blue Trust Inc. raised its position in Asbury Automotive Group by 31.2% in the fourth 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 period. Pathstone Family Office LLC purchased a new stake in shares of Asbury Automotive Group in the third quarter worth about $202,000. Finally, Paulson Wealth Management Inc. raised its holdings in shares of Asbury Automotive Group by 14.3% during the 3rd quarter. Paulson Wealth Management Inc. now owns 985 shares of the company’s stock valued at $227,000 after buying an additional 123 shares during the period.

Insider Activity

In other Asbury Automotive Group news, SVP Jed Milstein sold 3,955 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $209.00, for a total transaction of $826,595.00. Following 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 filing with the SEC, which can be accessed through this link. Corporate insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

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

Asbury Automotive Group Trading Up 2.2 %

NYSE ABG opened at $221.97 on Monday. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 8.09 and a beta of 1.18. Asbury Automotive Group, Inc. has a 12 month low of $178.40 and a 12 month high of $256.39. The company’s fifty day moving average price is $216.97 and its two-hundred day moving average price is $213.19. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.06 and a quick ratio of 0.45.

Asbury Automotive Group (NYSE:ABG) last issued its earnings results on Thursday, April 25th. The company reported $7.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.57). The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.26 billion. Asbury Automotive Group had a return on equity of 20.37% and a net margin of 3.68%. The business’s revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the business earned $8.37 EPS. As a group, research analysts predict that Asbury Automotive Group, Inc. will post 31.46 earnings per share for the current fiscal 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.