Evergreen Private Wealth LLC Has $4.04 Million Stake in Asbury Automotive Group, Inc. (NYSE:ABG)

Evergreen Private Wealth LLC lifted its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,624 shares of the company’s stock after buying an additional 119 shares during the quarter. Asbury Automotive Group comprises approximately 1.9% of Evergreen Private Wealth LLC’s investment portfolio, making the stock its 24th biggest holding. Evergreen Private Wealth LLC owned about 0.08% of Asbury Automotive Group worth $4,040,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Asbury Automotive Group during the 3rd quarter worth approximately $31,000. Smartleaf Asset Management LLC boosted its stake in Asbury Automotive Group by 234.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 501 shares of the company’s stock worth $122,000 after acquiring an additional 351 shares during the last quarter. KBC Group NV boosted its stake in Asbury Automotive Group by 52.3% during the 4th quarter. KBC Group NV now owns 769 shares of the company’s stock worth $187,000 after acquiring an additional 264 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Asbury Automotive Group by 17.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 839 shares of the company’s stock worth $204,000 after acquiring an additional 123 shares during the last quarter. Finally, Stephens Inc. AR bought a new position in Asbury Automotive Group during the 4th quarter worth approximately $213,000.

Asbury Automotive Group Stock Performance

Shares of ABG opened at $256.91 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 twelve month low of $202.98 and a twelve month high of $312.56. The firm’s 50 day moving average price is $268.09 and its two-hundred day moving average price is $250.15. The firm has a market cap of $5.05 billion, a P/E ratio of 11.94 and a beta of 1.20.

Insider Buying and Selling at Asbury Automotive Group

In other news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total value of $361,010.88. Following the sale, the chief operating officer now directly owns 3,747 shares in the company, valued at $1,111,510.08. This trade represents a 24.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Stephens lifted 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. Seaport Res Ptn lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. reduced their price objective on shares of Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Finally, Craig Hallum lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $264.00.

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.