Natixis Advisors LLC Has $29.98 Million Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Natixis Advisors LLC increased its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 123,369 shares of the company’s stock after buying an additional 11,995 shares during the period. Natixis Advisors LLC’s holdings in Asbury Automotive Group were worth $29,982,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new position in Asbury Automotive Group during the third quarter valued at approximately $804,000. Intech Investment Management LLC acquired a new position in Asbury Automotive Group during the third quarter valued at approximately $1,223,000. Magnolia Group LLC grew its holdings in Asbury Automotive Group by 2.1% during the fourth quarter. Magnolia Group LLC now owns 149,123 shares of the company’s stock valued at $36,241,000 after purchasing an additional 3,000 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Asbury Automotive Group during the fourth quarter valued at approximately $221,000. Finally, Empirical Asset Management LLC acquired a new position in Asbury Automotive Group during the fourth quarter valued at approximately $484,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ABG shares. Stephens raised their price objective on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Craig Hallum downgraded shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reduced their target price on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $264.00.

Insider Buying and Selling at Asbury Automotive Group

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total transaction of $361,010.88. Following the completion of the transaction, the chief operating officer now directly owns 3,747 shares of the company’s stock, valued at approximately $1,111,510.08. This trade represents a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.53% of the company’s stock.

Asbury Automotive Group Stock Up 1.8 %

Shares of ABG stock opened at $235.11 on Tuesday. The stock has a market cap of $4.62 billion, a P/E ratio of 10.93 and a beta of 1.22. The stock has a fifty day moving average price of $268.34 and a 200 day moving average price of $250.64. Asbury Automotive Group, Inc. has a one year low of $206.62 and a one year high of $312.56. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41.

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.