Moody Aldrich Partners LLC Sells 285 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Moody Aldrich Partners LLC cut its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,545 shares of the company’s stock after selling 285 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Asbury Automotive Group were worth $2,563,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in shares of Asbury Automotive Group during the 3rd quarter valued at approximately $804,000. Intech Investment Management LLC acquired a new stake in Asbury Automotive Group during the 3rd quarter worth approximately $1,223,000. Empirical Asset Management LLC acquired a new stake in Asbury Automotive Group during the 4th quarter worth approximately $484,000. International Assets Investment Management LLC acquired a new stake in Asbury Automotive Group during the 3rd quarter worth approximately $154,270,000. Finally, Edgestream Partners L.P. acquired a new stake in Asbury Automotive Group during the 3rd quarter worth approximately $2,393,000.

Wall Street Analyst Weigh In

ABG has been the topic of several recent research reports. Craig Hallum lifted their target price on shares of Asbury Automotive Group from $240.00 to $260.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. 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. cut 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. Seaport Res Ptn downgraded shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Bank of America cut their target price on shares of Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Six equities 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 currently has a consensus rating of “Hold” and an average target price of $255.20.

Asbury Automotive Group Stock Up 0.7 %

Shares of NYSE ABG opened at $273.11 on Wednesday. The company has a market capitalization of $5.35 billion, a P/E ratio of 15.46 and a beta of 1.19. Asbury Automotive Group, Inc. has a 52-week low of $195.09 and a 52-week high of $277.13. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. The company’s 50 day moving average price is $252.02 and its 200-day moving average price is $242.29.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings data on Tuesday, October 29th. The company reported $6.35 earnings per share for the quarter, missing the consensus estimate of $6.58 by ($0.23). The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.30 billion. Asbury Automotive Group had a net margin of 2.16% and a return on equity of 16.51%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.12 EPS. Equities analysts forecast that Asbury Automotive Group, Inc. will post 25.16 earnings per share for the current year.

Asbury Automotive Group Company 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.