Glenmede Trust Co. NA Sells 814 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Glenmede Trust Co. NA cut its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 1.0% in the third quarter, Holdings Channel.com reports. The firm owned 81,189 shares of the company’s stock after selling 814 shares during the period. Glenmede Trust Co. NA’s holdings in Asbury Automotive Group were worth $19,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of ABG. Janus Henderson Group PLC grew its position in Asbury Automotive Group by 0.5% during the first quarter. Janus Henderson Group PLC now owns 10,980 shares of the company’s stock worth $2,588,000 after buying an additional 60 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Asbury Automotive Group by 56.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,446 shares of the company’s stock worth $333,000 after buying an additional 521 shares in the last quarter. Tidal Investments LLC bought a new stake in Asbury Automotive Group in the 1st quarter valued at $537,000. Boston Partners bought a new position in shares of Asbury Automotive Group during the 1st quarter worth about $878,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Asbury Automotive Group by 100.0% during the 2nd quarter. GAMMA Investing LLC now owns 292 shares of the company’s stock worth $67,000 after acquiring an additional 146 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ABG shares. Seaport Res Ptn downgraded Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Bank of America lowered their price target on 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. Craig Hallum lifted their price objective on Asbury Automotive Group from $240.00 to $260.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. StockNews.com upgraded shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Asbury Automotive Group from $265.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Asbury Automotive Group presently has a consensus rating of “Hold” and an average target price of $256.20.

Asbury Automotive Group Stock Performance

Shares of NYSE:ABG opened at $260.03 on Friday. The business has a fifty day moving average of $239.54 and a 200-day moving average of $236.62. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. Asbury Automotive Group, Inc. has a twelve month low of $195.09 and a twelve month high of $277.13. The firm has a market cap of $5.09 billion, a PE ratio of 14.72 and a beta of 1.16.

Asbury Automotive Group (NYSE:ABG) last announced its earnings results on Tuesday, October 29th. The company reported $6.35 earnings per share for the quarter, missing analysts’ consensus estimates of $6.58 by ($0.23). Asbury Automotive Group had a return on equity of 16.51% and a net margin of 2.16%. The company 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 firm posted $8.12 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. On average, equities research analysts predict that Asbury Automotive Group, Inc. will post 25.17 EPS for the current fiscal 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.