Blue Trust Inc. Sells 164 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Blue Trust Inc. lessened its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 22.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 556 shares of the company’s stock after selling 164 shares during the period. Blue Trust Inc.’s holdings in Asbury Automotive Group were worth $135,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SkyView Investment Advisors LLC increased its holdings in shares of Asbury Automotive Group by 2.4% in the third quarter. SkyView Investment Advisors LLC now owns 2,119 shares of the company’s stock worth $506,000 after purchasing an additional 50 shares during the period. HighTower Advisors LLC increased its stake in Asbury Automotive Group by 3.2% in the 3rd quarter. HighTower Advisors LLC now owns 1,720 shares of the company’s stock worth $409,000 after acquiring an additional 53 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of Asbury Automotive Group by 3.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,843 shares of the company’s stock valued at $440,000 after acquiring an additional 57 shares in the last quarter. US Bancorp DE boosted its position in shares of Asbury Automotive Group by 2.6% during the 3rd quarter. US Bancorp DE now owns 3,851 shares of the company’s stock valued at $919,000 after acquiring an additional 99 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Asbury Automotive Group by 2.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 3,931 shares of the company’s stock worth $938,000 after purchasing an additional 112 shares in the last quarter.

Asbury Automotive Group Price Performance

Shares of NYSE:ABG opened at $276.73 on Friday. The stock has a market cap of $5.42 billion, a PE ratio of 12.87 and a beta of 1.20. The company’s fifty day moving average is $265.03 and its 200 day moving average is $247.97. Asbury Automotive Group, Inc. has a 52 week low of $202.98 and a 52 week high of $312.56. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98.

Insider Transactions at Asbury Automotive Group

In related news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group stock in a transaction 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 transaction, the chief operating officer now directly owns 3,747 shares of the company’s stock, valued at $1,111,510.08. The trade was a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Seaport Res Ptn downgraded shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 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. JPMorgan Chase & Co. dropped their price objective on shares of Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Stephens increased their target price on Asbury Automotive Group from $220.00 to $260.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Finally, Craig Hallum cut Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.