Channing Capital Management LLC Acquires 76 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Channing Capital Management LLC grew its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 0.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 231,408 shares of the company’s stock after buying an additional 76 shares during the period. Channing Capital Management LLC owned approximately 1.12% of Asbury Automotive Group worth $52,060,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Schroder Investment Management Group boosted its stake in Asbury Automotive Group by 120.5% during the third quarter. Schroder Investment Management Group now owns 198,739 shares of the company’s stock worth $45,724,000 after acquiring an additional 108,595 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Asbury Automotive Group by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 193,563 shares of the company’s stock valued at $44,533,000 after buying an additional 8,070 shares during the period. Invesco Ltd. increased its position in Asbury Automotive Group by 1.7% in the 3rd quarter. Invesco Ltd. now owns 160,291 shares of the company’s stock valued at $36,878,000 after buying an additional 2,700 shares in the last quarter. Kensico Capital Management Corp boosted its holdings in Asbury Automotive Group by 73.7% in the third quarter. Kensico Capital Management Corp now owns 103,000 shares of the company’s stock worth $23,697,000 after acquiring an additional 43,700 shares in the last quarter. Finally, Magnolia Group LLC grew its stake in Asbury Automotive Group by 2.0% in the fourth quarter. Magnolia Group LLC now owns 102,000 shares of the company’s stock valued at $22,947,000 after acquiring an additional 2,000 shares during the period.

Asbury Automotive Group Stock Up 2.5 %

Asbury Automotive Group stock traded up $5.30 during trading on Friday, hitting $213.75. 201,911 shares of the company were exchanged, compared to its average volume of 168,569. The company has a market capitalization of $4.31 billion, a P/E ratio of 7.79 and a beta of 1.19. The business’s 50 day moving average is $217.00 and its 200 day moving average is $213.13. Asbury Automotive Group, Inc. has a 52 week low of $178.40 and a 52 week high of $256.39. The company has a current ratio of 1.06, a quick ratio of 0.45 and a debt-to-equity ratio of 0.93.

Asbury Automotive Group (NYSE:ABG) last posted its earnings results on Thursday, April 25th. The company reported $7.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.76 by ($0.55). Asbury Automotive Group had a return on equity of 20.12% and a net margin of 3.68%. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the previous year, the company earned $8.37 EPS. The business’s revenue was up 17.3% compared to the same quarter last year. Analysts predict that Asbury Automotive Group, Inc. will post 30.85 earnings per share for the current year.

Wall Street Analyst Weigh In

ABG has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on Asbury Automotive Group from $235.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday. Craig Hallum lowered shares of Asbury Automotive Group from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a research note on Thursday, February 8th.

Insider Buying and Selling at Asbury Automotive Group

In related news, SVP Jed Milstein sold 3,955 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $209.00, for a total transaction of $826,595.00. Following the completion of the sale, the senior vice president now directly owns 8,300 shares of the company’s stock, valued at $1,734,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.53% of the company’s stock.

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.