Moody Aldrich Partners LLC Has $2.56 Million Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Moody Aldrich Partners LLC lessened its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 2.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,545 shares of the company’s stock after selling 285 shares during the quarter. Moody Aldrich Partners LLC owned about 0.05% of Asbury Automotive Group worth $2,563,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Asbury Automotive Group during the 3rd quarter worth about $31,000. Quarry LP acquired a new stake in shares of Asbury Automotive Group during the 2nd quarter worth about $38,000. GAMMA Investing LLC lifted its stake in shares of Asbury Automotive Group by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 393 shares of the company’s stock worth $94,000 after buying an additional 101 shares during the last quarter. KBC Group NV lifted its stake in shares of Asbury Automotive Group by 52.3% during the 4th quarter. KBC Group NV now owns 769 shares of the company’s stock worth $187,000 after buying an additional 264 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Asbury Automotive Group by 17.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 839 shares of the company’s stock worth $204,000 after buying an additional 123 shares during the last quarter.

Asbury Automotive Group Price Performance

ABG stock opened at $273.11 on Wednesday. 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, Inc. has a 12 month low of $195.09 and a 12 month high of $277.13. The firm has a market cap of $5.35 billion, a P/E ratio of 15.46 and a beta of 1.19. The company’s 50-day moving average price is $252.02 and its two-hundred day moving average price is $242.29.

Asbury Automotive Group (NYSE:ABG) last released its earnings results on Tuesday, October 29th. The company reported $6.35 EPS for the quarter, missing the consensus estimate of $6.58 by ($0.23). Asbury Automotive Group had a net margin of 2.16% and a return on equity of 16.51%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business earned $8.12 earnings per share. Asbury Automotive Group’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, analysts anticipate that Asbury Automotive Group, Inc. will post 25.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ABG has been the subject of a number of research reports. Craig Hallum raised their target price on shares of Asbury Automotive Group from $240.00 to $260.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Bank of America lowered their price target on shares of Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. StockNews.com raised shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price target on shares of Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Finally, Seaport Res Ptn lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $255.20.

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.