Strs Ohio Sells 200 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Strs Ohio decreased its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 9.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,000 shares of the company’s stock after selling 200 shares during the quarter. Strs Ohio’s holdings in Asbury Automotive Group were worth $449,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ABG. DekaBank Deutsche Girozentrale purchased a new position in Asbury Automotive Group in the third quarter worth $36,000. CWM LLC grew its holdings in 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 holdings in Asbury Automotive Group by 31.2% in the fourth quarter. Blue Trust Inc. now owns 244 shares of the company’s stock worth $56,000 after purchasing an additional 58 shares during the last quarter. Pathstone Family Office LLC purchased a new position in Asbury Automotive Group in the third quarter worth $202,000. Finally, Paulson Wealth Management Inc. grew its holdings in Asbury Automotive Group by 14.3% in the third quarter. Paulson Wealth Management Inc. now owns 985 shares of the company’s stock worth $227,000 after purchasing an additional 123 shares during the last quarter.

Insider Buying and Selling at Asbury Automotive Group

In other Asbury Automotive Group news, SVP Jed Milstein sold 3,955 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $209.00, for a total value of $826,595.00. Following the sale, the senior vice president now directly owns 8,300 shares of the company’s stock, valued at $1,734,700. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.53% of the stock is owned by corporate insiders.

Asbury Automotive Group Price Performance

Shares of ABG opened at $221.97 on Monday. The firm has a market capitalization of $4.48 billion, a PE ratio of 8.09 and a beta of 1.18. 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, Inc. has a 1-year low of $178.40 and a 1-year high of $256.39. The company’s fifty day moving average price is $216.97 and its 200-day moving average price is $213.19.

Asbury Automotive Group (NYSE:ABG) last announced 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). Asbury Automotive Group had a net margin of 3.68% and a return on equity of 20.37%. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the firm earned $8.37 earnings per share. Asbury Automotive Group’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, equities research analysts predict that Asbury Automotive Group, Inc. will post 31.46 EPS for the current year.

Analysts Set New Price Targets

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

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.