Epoch Investment Partners Inc. Has $1.82 Million Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Epoch Investment Partners Inc. lowered its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 49.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,500 shares of the company’s stock after selling 7,375 shares during the period. Epoch Investment Partners Inc.’s holdings in Asbury Automotive Group were worth $1,823,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC lifted its stake in Asbury Automotive Group by 9.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company’s stock worth $117,000 after acquiring an additional 41 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Asbury Automotive Group by 2.0% in the 4th quarter. Bank of Montreal Can now owns 2,502 shares of the company’s stock valued at $608,000 after purchasing an additional 48 shares during the period. SkyView Investment Advisors LLC lifted its position 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 in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Asbury Automotive Group by 3.2% during the third quarter. HighTower Advisors LLC now owns 1,720 shares of the company’s stock worth $409,000 after purchasing an additional 53 shares during the period. Finally, Mariner LLC grew its position in Asbury Automotive Group by 3.7% during the fourth quarter. Mariner LLC now owns 1,856 shares of the company’s stock valued at $451,000 after purchasing an additional 67 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Stephens lifted their target price on shares of 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. JPMorgan Chase & Co. reduced their price objective on Asbury Automotive Group from $290.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Finally, Craig Hallum lowered Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $263.00.

Asbury Automotive Group Stock Up 0.8 %

ABG stock opened at $218.47 on Monday. The firm has a market cap of $4.29 billion, a PE ratio of 10.16 and a beta of 1.04. Asbury Automotive Group, Inc. has a 1 year low of $201.68 and a 1 year high of $312.56. The company has a fifty day simple moving average of $245.95 and a 200 day simple moving average of $249.81. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98.

Insider Buying and Selling at Asbury Automotive Group

In other news, COO Daniel Clara sold 1,217 shares of the stock in a transaction dated 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 approximately $1,111,510.08. This represents a 24.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.

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.