Asbury Automotive Group, Inc. (NYSE:ABG) Stock Holdings Increased by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,858 shares of the company’s stock after purchasing an additional 506 shares during the period. Janus Henderson Group PLC owned approximately 0.06% of Asbury Automotive Group worth $2,640,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ABG. CIBC Private Wealth Group LLC lifted its position in shares of Asbury Automotive Group by 9.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company’s stock valued at $117,000 after acquiring an additional 41 shares during the last quarter. Bank of Montreal Can raised its position in shares of Asbury Automotive Group by 2.0% during the fourth quarter. Bank of Montreal Can now owns 2,502 shares of the company’s stock worth $608,000 after purchasing an additional 48 shares during the period. Mariner LLC lifted its holdings in shares of Asbury Automotive Group by 3.7% during the fourth quarter. Mariner LLC now owns 1,856 shares of the company’s stock valued at $451,000 after purchasing an additional 67 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Asbury Automotive Group by 4.5% in the 4th quarter. HighTower Advisors LLC now owns 1,798 shares of the company’s stock valued at $437,000 after purchasing an additional 78 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its stake in Asbury Automotive Group by 2.3% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,023 shares of the company’s stock worth $978,000 after purchasing an additional 92 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have commented on ABG shares. Craig Hallum lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Citigroup started coverage on shares of Asbury Automotive Group in a research report on Wednesday, April 23rd. They issued a “neutral” rating and a $236.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on shares of Asbury Automotive Group from $290.00 to $250.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. StockNews.com raised shares of Asbury Automotive Group from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Stephens raised their target price on Asbury Automotive Group from $220.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $258.50.

Asbury Automotive Group Stock Down 1.0%

ABG stock opened at $231.53 on Wednesday. The company has a 50 day moving average of $225.65 and a two-hundred day moving average of $249.25. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 10.76 and a beta of 0.98. Asbury Automotive Group, Inc. has a 12-month low of $201.68 and a 12-month high of $312.56. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $6.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.84 by ($0.02). Asbury Automotive Group had a return on equity of 16.29% and a net margin of 2.50%. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter in the prior year, the business posted $7.21 earnings per share. Asbury Automotive Group’s revenue was down 1.3% on a year-over-year basis. On average, equities analysts anticipate that Asbury Automotive Group, Inc. will post 26.28 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.