Allspring Global Investments Holdings LLC Has $632,000 Stock Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)

Allspring Global Investments Holdings LLC increased its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABGFree Report) by 9.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,682 shares of the company’s stock after purchasing an additional 227 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Asbury Automotive Group were worth $632,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Atlantic Edge Private Wealth Management LLC acquired a new position in Asbury Automotive Group in the 4th quarter valued at approximately $28,000. AXS Investments LLC acquired a new position in Asbury Automotive Group in the 4th quarter valued at approximately $38,000. GAMMA Investing LLC acquired a new position in Asbury Automotive Group in the 4th quarter valued at approximately $48,000. Blue Trust Inc. raised its holdings in Asbury Automotive Group by 31.2% in the 4th quarter. Blue Trust Inc. now owns 244 shares of the company’s stock valued at $56,000 after acquiring an additional 58 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in Asbury Automotive Group in the 4th quarter valued at approximately $162,000.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut Asbury Automotive Group from an “overweight” rating to a “neutral” rating and set a $230.00 price target for the company. in a report on Monday, June 10th.

View Our Latest Analysis on Asbury Automotive Group

Asbury Automotive Group Stock Down 2.2 %

NYSE ABG opened at $222.35 on Wednesday. The firm has a market cap of $4.48 billion, a PE ratio of 8.10 and a beta of 1.17. Asbury Automotive Group, Inc. has a one year low of $178.40 and a one year high of $256.39. The stock’s 50 day simple moving average is $229.99 and its 200 day simple moving average is $220.43. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.06 and a quick ratio of 0.38.

Asbury Automotive Group (NYSE:ABGGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $7.21 EPS for the quarter, missing analysts’ consensus estimates of $7.76 by ($0.55). The business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.26 billion. Asbury Automotive Group had a return on equity of 20.12% and a net margin of 3.68%. The firm’s revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the company earned $8.37 earnings per share. As a group, sell-side analysts forecast that Asbury Automotive Group, Inc. will post 29.6 earnings per share for the current fiscal year.

Asbury Automotive Group Company Profile

(Free Report)

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.

Further Reading

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

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