Asbury Automotive Group, Inc. (NYSE:ABG) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 211,766 shares of the company’s stock after acquiring an additional 3,273 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.08% of Asbury Automotive Group worth $51,465,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ABG. Smartleaf Asset Management LLC grew its position in 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 buying an additional 351 shares in the last quarter. Bridges Investment Management Inc. boosted its position in shares of Asbury Automotive Group by 18.2% during the 4th quarter. Bridges Investment Management Inc. now owns 3,946 shares of the company’s stock valued at $959,000 after purchasing an additional 609 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Asbury Automotive Group during the 4th quarter valued at about $5,316,000. Handelsbanken Fonder AB boosted its position in shares of Asbury Automotive Group by 13.6% during the 4th quarter. Handelsbanken Fonder AB now owns 5,851 shares of the company’s stock valued at $1,422,000 after purchasing an additional 700 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Asbury Automotive Group by 0.6% during the 4th quarter. New York State Common Retirement Fund now owns 66,645 shares of the company’s stock valued at $16,197,000 after purchasing an additional 389 shares in the last quarter.

Insider Buying and Selling at Asbury Automotive Group

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the stock in a transaction that occurred 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 in the company, valued at $1,111,510.08. This trade represents a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.53% of the company’s stock.

Asbury Automotive Group Price Performance

Shares of ABG opened at $227.18 on Friday. The firm has a market cap of $4.46 billion, a PE ratio of 10.56 and a beta of 1.22. The firm’s 50 day moving average price is $268.64 and its 200 day moving average price is $250.76. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. Asbury Automotive Group, Inc. has a twelve month low of $202.98 and a twelve month high of $312.56.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced 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 research report on Friday, January 17th. Stephens raised their target price on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Finally, Craig Hallum cut shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Asbury Automotive Group has a consensus rating of “Hold” and a consensus price target of $264.00.

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.