Public Sector Pension Investment Board Has $10.11 Million Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)

Public Sector Pension Investment Board cut its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,382 shares of the company’s stock after selling 2,000 shares during the quarter. Public Sector Pension Investment Board owned about 0.22% of Asbury Automotive Group worth $10,112,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ABG. Arizona State Retirement System boosted its position in Asbury Automotive Group by 1.0% during the second quarter. Arizona State Retirement System now owns 5,141 shares of the company’s stock worth $1,171,000 after purchasing an additional 51 shares during the period. Oak Associates Ltd. OH raised its stake in Asbury Automotive Group by 1.4% during the second quarter. Oak Associates Ltd. OH now owns 3,648 shares of the company’s stock worth $831,000 after acquiring an additional 51 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in Asbury Automotive Group by 3.2% during the third quarter. OneDigital Investment Advisors LLC now owns 1,843 shares of the company’s stock worth $440,000 after acquiring an additional 57 shares in the last quarter. Janus Henderson Group PLC raised its stake 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 acquiring an additional 60 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings in shares of Asbury Automotive Group by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 3,030 shares of the company’s stock worth $690,000 after purchasing an additional 66 shares during the last quarter.

Asbury Automotive Group Price Performance

Asbury Automotive Group stock opened at $260.03 on Friday. 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 52-week low of $195.09 and a 52-week high of $277.13. The stock’s 50 day moving average price is $240.20 and its two-hundred day moving average price is $236.78. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 14.72 and a beta of 1.16.

Asbury Automotive Group (NYSE:ABG) last issued 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 firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the company earned $8.12 earnings per share. Asbury Automotive Group’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities analysts predict that Asbury Automotive Group, Inc. will post 25.17 earnings per share for the current year.

Analyst Ratings Changes

ABG has been the topic of several research reports. Craig Hallum boosted their price target on Asbury Automotive Group from $240.00 to $260.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. reduced their target price on Asbury Automotive Group from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Seaport Res Ptn cut Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. StockNews.com upgraded Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Morgan Stanley upgraded Asbury Automotive Group from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $190.00 to $240.00 in a report on Wednesday, September 25th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Asbury Automotive Group has a consensus rating of “Hold” and a consensus target price of $256.20.

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.