Asbury Automotive Group, Inc. (NYSE:ABG) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 10.6% during the fourth quarter, Holdings Channel reports. The firm owned 4,760 shares of the company’s stock after purchasing an additional 456 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Asbury Automotive Group were worth $1,157,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC boosted its position in shares of Asbury Automotive Group by 234.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 501 shares of the company’s stock valued at $122,000 after purchasing an additional 351 shares during the period. KBC Group NV boosted its holdings in shares of Asbury Automotive Group by 52.3% in the fourth quarter. KBC Group NV now owns 769 shares of the company’s stock valued at $187,000 after acquiring an additional 264 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Asbury Automotive Group by 17.2% during the fourth 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. Stephens Inc. AR acquired a new position in shares of Asbury Automotive Group in the 4th quarter valued at $213,000. Finally, Highland Capital Management LLC purchased a new stake in Asbury Automotive Group in the 4th quarter valued at $216,000.

Asbury Automotive Group Trading Up 0.7 %

Shares of Asbury Automotive Group stock opened at $234.03 on Thursday. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 10.88 and a beta of 1.22. Asbury Automotive Group, Inc. has a 52-week low of $206.62 and a 52-week high of $312.56. The company’s 50-day simple moving average is $268.14 and its 200-day simple moving average is $250.50. 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 the company’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 transaction, the chief operating officer now owns 3,747 shares of the company’s stock, valued at $1,111,510.08. This represents a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

ABG has been the topic of several research reports. Craig Hallum downgraded shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Stephens boosted their price target on 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. Finally, JPMorgan Chase & Co. reduced their price objective on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. 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.