Creative Planning Acquires 200 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Creative Planning raised its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 5.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,129 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Creative Planning’s holdings in Asbury Automotive Group were worth $985,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Asbury Automotive Group by 7.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,056,825 shares of the company’s stock worth $240,818,000 after acquiring an additional 69,975 shares in the last quarter. Eminence Capital LP boosted its holdings in shares of Asbury Automotive Group by 41.5% in the 2nd quarter. Eminence Capital LP now owns 498,542 shares of the company’s stock worth $113,603,000 after buying an additional 146,246 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Asbury Automotive Group by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 197,765 shares of the company’s stock worth $45,065,000 after buying an additional 7,754 shares during the last quarter. Magnolia Group LLC boosted its holdings in shares of Asbury Automotive Group by 7.8% in the 2nd quarter. Magnolia Group LLC now owns 110,000 shares of the company’s stock worth $25,066,000 after buying an additional 8,000 shares during the last quarter. Finally, GCM Grosvenor Holdings LLC boosted its holdings in shares of Asbury Automotive Group by 250.8% in the 2nd quarter. GCM Grosvenor Holdings LLC now owns 73,000 shares of the company’s stock worth $16,635,000 after buying an additional 52,191 shares during the last quarter.

Insider Transactions at Asbury Automotive Group

In related news, CEO David W. Hult sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $227.18, for a total value of $113,590.00. Following the transaction, the chief executive officer now directly owns 56,834 shares in the company, valued at approximately $12,911,548.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO David W. Hult sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $227.18, for a total value of $113,590.00. Following the transaction, the chief executive officer now directly owns 56,834 shares in the company, valued at approximately $12,911,548.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Impactive Capital Lp sold 8,353 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $225.63, for a total transaction of $1,884,687.39. Following the transaction, the insider now owns 2,008,649 shares in the company, valued at $453,211,473.87. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

Asbury Automotive Group Trading Up 0.1 %

Shares of Asbury Automotive Group stock opened at $227.98 on Friday. Asbury Automotive Group, Inc. has a 12-month low of $195.09 and a 12-month high of $277.13. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 13.02 and a beta of 1.16. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 1.05. The company’s 50-day moving average price is $229.78 and its 200-day moving average price is $231.39.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $6.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.58 by ($0.23). Asbury Automotive Group had a return on equity of 16.58% and a net margin of 2.16%. The firm had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the company posted $8.12 earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, equities analysts expect that Asbury Automotive Group, Inc. will post 25.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ABG has been the topic of a number of research analyst reports. Morgan Stanley raised shares of Asbury Automotive Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $190.00 to $240.00 in a report on Wednesday, September 25th. StockNews.com raised shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Thursday. Stephens started coverage on shares of Asbury Automotive Group in a report on Thursday, September 12th. They issued an “equal weight” rating and a $216.00 price target on the stock. Craig Hallum upped their price objective on shares of Asbury Automotive Group from $240.00 to $260.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Bank of America dropped their price objective on shares of Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Asbury Automotive Group currently has an average rating of “Hold” and a consensus target price of $257.20.

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.