Dynamic Technology Lab Private Ltd Buys Shares of 4,700 Asbury Automotive Group, Inc. (NYSE:ABG)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,700 shares of the company’s stock, valued at approximately $1,142,000.

Other large investors also recently modified their holdings of the company. CIBC Private Wealth Group LLC increased its position in Asbury Automotive Group by 9.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company’s stock worth $117,000 after acquiring an additional 41 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of 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 purchasing an additional 351 shares during the period. Headlands Technologies LLC raised its position in shares of Asbury Automotive Group by 275.2% during the fourth quarter. Headlands Technologies LLC now owns 604 shares of the company’s stock valued at $147,000 after buying an additional 443 shares during the last quarter. KBC Group NV lifted its stake 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 buying an additional 264 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in 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 buying an additional 123 shares in the last quarter.

Insider Activity

In other news, COO Daniel Clara sold 1,217 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total transaction of $361,010.88. Following the sale, the chief operating officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is owned by corporate insiders.

Asbury Automotive Group Stock Performance

Shares of NYSE:ABG opened at $211.62 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41. The business’s fifty day moving average price is $262.92 and its two-hundred day moving average price is $250.43. Asbury Automotive Group, Inc. has a fifty-two week low of $205.37 and a fifty-two week high of $312.56. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 9.84 and a beta of 1.22.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ABG shares. Stephens upped their price target on Asbury Automotive Group from $220.00 to $260.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Craig Hallum cut Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Asbury Automotive Group from $290.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $263.00.

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.