Teacher Retirement System of Texas trimmed its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 35.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,147 shares of the company’s stock after selling 2,314 shares during the quarter. Teacher Retirement System of Texas’ holdings in Asbury Automotive Group were worth $280,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Neuberger Berman Group LLC boosted its stake in Asbury Automotive Group by 1.8% during the 1st quarter. Neuberger Berman Group LLC now owns 1,261,699 shares of the company’s stock valued at $85,165,000 after acquiring an additional 21,789 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Asbury Automotive Group by 3.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 219,423 shares of the company’s stock valued at $14,812,000 after acquiring an additional 8,048 shares during the last quarter. Chicago Equity Partners LLC boosted its stake in Asbury Automotive Group by 54.7% during the 1st quarter. Chicago Equity Partners LLC now owns 26,760 shares of the company’s stock valued at $1,806,000 after acquiring an additional 9,460 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Asbury Automotive Group during the 1st quarter valued at $251,000. Finally, Quantitative Systematic Strategies LLC bought a new position in Asbury Automotive Group during the 1st quarter valued at $259,000.
Shares of NYSE:ABG opened at $75.20 on Friday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 1.08 and a beta of 1.54. Asbury Automotive Group, Inc. has a 1-year low of $49.10 and a 1-year high of $76.50. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.38 and a current ratio of 1.20.
Asbury Automotive Group (NYSE:ABG) last issued its earnings results on Tuesday, April 24th. The company reported $1.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.10. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Asbury Automotive Group had a net margin of 2.23% and a return on equity of 38.22%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 earnings per share. equities research analysts anticipate that Asbury Automotive Group, Inc. will post 7.81 EPS for the current year.
In related news, SVP George A. Villasana sold 13,263 shares of the stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $73.38, for a total value of $973,238.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas C. Deloach, Jr. sold 15,000 shares of the stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $73.51, for a total transaction of $1,102,650.00. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.
A number of research analysts have commented on ABG shares. Zacks Investment Research downgraded shares of Asbury Automotive Group from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. ValuEngine downgraded shares of Asbury Automotive Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 22nd. Buckingham Research increased their price objective on shares of Asbury Automotive Group from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, April 25th. Finally, Morgan Stanley increased their price objective on shares of Asbury Automotive Group from $53.00 to $63.00 and gave the company an “underweight” rating in a research note on Wednesday, March 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $67.33.
About Asbury Automotive Group
Asbury Automotive Group, Inc 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, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection insurance, prepaid maintenance, and credit life and disability insurance.
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