Moody Aldrich Partners LLC Purchases 1,627 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Moody Aldrich Partners LLC grew its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 17.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,830 shares of the company’s stock after purchasing an additional 1,627 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Asbury Automotive Group were worth $2,584,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Quarry LP acquired a new position in Asbury Automotive Group in the 2nd quarter valued at $38,000. GAMMA Investing LLC boosted its position in shares of Asbury Automotive Group by 100.0% in the second quarter. GAMMA Investing LLC now owns 292 shares of the company’s stock valued at $67,000 after acquiring an additional 146 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Asbury Automotive Group in the second quarter valued at about $155,000. Headlands Technologies LLC bought a new position in Asbury Automotive Group in the second quarter valued at about $190,000. Finally, Innealta Capital LLC bought a new position in shares of Asbury Automotive Group in the second quarter worth about $194,000.

Wall Street Analysts Forecast Growth

ABG has been the topic of a number of research reports. Stephens started coverage on shares of Asbury Automotive Group in a research note on Thursday, September 12th. They set an “equal weight” rating and a $216.00 target price on the stock. Morgan Stanley raised Asbury Automotive Group from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $190.00 to $240.00 in a report on Wednesday, September 25th. StockNews.com cut shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Bank of America cut 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 report on Monday, October 14th. Finally, JPMorgan Chase & Co. lifted their target price on Asbury Automotive Group from $230.00 to $265.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $251.20.

Insider Buying and Selling at Asbury Automotive Group

In other news, major shareholder Impactive Capital Lp sold 8,353 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $225.63, for a total value of $1,884,687.39. Following the completion of the sale, the insider now directly owns 2,008,649 shares in the company, valued at $453,211,473.87. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Asbury Automotive Group news, major shareholder Impactive Capital Lp sold 8,353 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $225.63, for a total transaction of $1,884,687.39. Following the transaction, the insider now owns 2,008,649 shares in the company, valued at approximately $453,211,473.87. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David W. Hult sold 500 shares of Asbury Automotive Group stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $227.18, for a total transaction of $113,590.00. Following the transaction, the chief executive officer now owns 56,834 shares of the company’s stock, valued at $12,911,548.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

Asbury Automotive Group Trading Up 0.1 %

Shares of Asbury Automotive Group stock traded up $0.23 on Thursday, hitting $230.00. 29,534 shares of the company’s stock traded hands, compared to its average volume of 179,463. The company has a fifty day moving average of $230.16 and a two-hundred day moving average of $231.24. Asbury Automotive Group, Inc. has a one year low of $178.40 and a one year high of $277.13. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 8.37 and a beta of 1.16. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.25 and a quick ratio of 0.45.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings data on Friday, August 2nd. The company reported $6.40 EPS for the quarter, missing the consensus estimate of $7.31 by ($0.91). The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.31 billion. Asbury Automotive Group had a return on equity of 17.93% and a net margin of 2.51%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the business earned $8.95 EPS. As a group, sell-side analysts expect that Asbury Automotive Group, Inc. will post 26.01 earnings per share for the current year.

About Asbury Automotive Group

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.