Thrivent Financial for Lutherans Has $35.05 Million Holdings in Asbury Automotive Group, Inc. $ABG

Thrivent Financial for Lutherans grew its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 545.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,388 shares of the company’s stock after buying an additional 121,183 shares during the period. Thrivent Financial for Lutherans owned 0.74% of Asbury Automotive Group worth $35,051,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Osaic Holdings Inc. lifted its holdings in Asbury Automotive Group by 69.2% during the 2nd quarter. Osaic Holdings Inc. now owns 132 shares of the company’s stock valued at $31,000 after purchasing an additional 54 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Asbury Automotive Group by 64.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 206 shares of the company’s stock worth $49,000 after buying an additional 81 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Asbury Automotive Group by 104.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 337 shares of the company’s stock worth $80,000 after buying an additional 172 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Asbury Automotive Group by 700.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock worth $191,000 after buying an additional 700 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Asbury Automotive Group by 7.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 825 shares of the company’s stock valued at $202,000 after buying an additional 56 shares during the last quarter.

Wall Street Analysts Forecast Growth

ABG has been the topic of several research analyst reports. Morgan Stanley set a $230.00 price target on shares of Asbury Automotive Group in a report on Monday, December 8th. Barclays lowered their target price on Asbury Automotive Group from $251.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 21st. Zacks Research downgraded Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. increased their price objective on Asbury Automotive Group from $230.00 to $235.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Asbury Automotive Group in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $250.43.

Asbury Automotive Group Price Performance

Asbury Automotive Group stock opened at $235.87 on Tuesday. The firm has a market cap of $4.59 billion, a PE ratio of 8.27 and a beta of 0.82. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.99 and a quick ratio of 0.30. The stock’s fifty day moving average price is $240.51 and its two-hundred day moving average price is $239.16. Asbury Automotive Group, Inc. has a one year low of $201.68 and a one year high of $309.99.

Asbury Automotive Group Profile

Asbury Automotive Group, Inc (NYSE:ABG) is one of the largest automotive retailers in the United States. Headquartered in Duluth, Georgia, the company operates a network of franchised dealerships representing a diverse portfolio of automotive brands. Its core business activities include the sale of new and pre-owned vehicles, as well as the provision of vehicle finance, insurance and protection products to retail customers.

In addition to retail sales, Asbury offers a comprehensive suite of after-sales services, from scheduled maintenance and certified collision repair to parts distribution.