PNC Financial Services Group Inc. Sells 164 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

PNC Financial Services Group Inc. trimmed its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 4.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,962 shares of the company’s stock after selling 164 shares during the period. PNC Financial Services Group Inc.’s holdings in Asbury Automotive Group were worth $963,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ABG. Smartleaf Asset Management LLC boosted its holdings 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 worth $122,000 after buying an additional 351 shares during the last quarter. KBC Group NV boosted its stake in 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 last quarter. Nisa Investment Advisors LLC grew its position in shares of Asbury Automotive Group by 17.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 839 shares of the company’s stock valued at $204,000 after acquiring an additional 123 shares during the period. Stephens Inc. AR purchased a new stake in shares of Asbury Automotive Group during the 4th quarter worth approximately $213,000. Finally, Highland Capital Management LLC bought a new stake in shares of Asbury Automotive Group in the 4th quarter worth approximately $216,000.

Insider Buying and Selling at Asbury Automotive Group

In other news, COO Daniel Clara sold 1,217 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 3,747 shares in the company, valued at $1,111,510.08. The trade was a 24.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.53% of the company’s stock.

Asbury Automotive Group Price Performance

Shares of NYSE ABG opened at $235.11 on Tuesday. The stock has a fifty day moving average of $268.34 and a 200-day moving average of $250.64. The stock has a market cap of $4.62 billion, a PE ratio of 10.93 and a beta of 1.22. 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 fifty-two week low of $206.62 and a fifty-two week high of $312.56.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Craig Hallum lowered Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Stephens increased their price target on Asbury Automotive Group from $220.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lowered their price objective on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Asbury Automotive Group currently has an average rating of “Hold” and an average price target of $264.00.

Asbury Automotive Group 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.