Daniel Clara Sells 1,217 Shares of Asbury Automotive Group, Inc. (NYSE:ABG) Stock

Asbury Automotive Group, Inc. (NYSE:ABG) COO Daniel Clara sold 1,217 shares of the firm’s 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 sale, the chief operating officer now owns 3,747 shares in the company, valued at $1,111,510.08. This represents a 24.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Asbury Automotive Group Trading Down 2.1 %

Shares of ABG stock opened at $288.36 on Friday. Asbury Automotive Group, Inc. has a 12-month low of $202.98 and a 12-month high of $312.56. The company has a market capitalization of $5.65 billion, a P/E ratio of 13.41 and a beta of 1.20. The firm has a 50-day moving average price of $264.56 and a 200 day moving average price of $247.65. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98.

Hedge Funds Weigh In On Asbury Automotive Group

A number of institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp raised its stake in shares of Asbury Automotive Group by 46.0% in the fourth quarter. Mackenzie Financial Corp now owns 1,875 shares of the company’s stock worth $456,000 after acquiring an additional 591 shares during the last quarter. Vise Technologies Inc. raised its stake in shares of Asbury Automotive Group by 14.1% in the fourth quarter. Vise Technologies Inc. now owns 1,681 shares of the company’s stock worth $409,000 after acquiring an additional 208 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Asbury Automotive Group by 23.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 49,563 shares of the company’s stock worth $12,045,000 after acquiring an additional 9,418 shares during the last quarter. Voloridge Investment Management LLC raised its stake in shares of Asbury Automotive Group by 37.4% in the fourth quarter. Voloridge Investment Management LLC now owns 90,198 shares of the company’s stock worth $21,921,000 after acquiring an additional 24,561 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Asbury Automotive Group by 5.5% in the fourth quarter. Tidal Investments LLC now owns 3,214 shares of the company’s stock worth $781,000 after acquiring an additional 167 shares during the last quarter.

Analyst Ratings Changes

Several analysts have issued reports on the stock. 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. Stephens lifted their target price on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. StockNews.com upgraded shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Craig Hallum lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price 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. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $264.00.

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.