Inspire Advisors LLC Grows Stake in Asbury Automotive Group, Inc. (NYSE:ABG)

Inspire Advisors LLC lifted its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,351 shares of the company’s stock after buying an additional 488 shares during the period. Inspire Advisors LLC’s holdings in Asbury Automotive Group were worth $814,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new stake in shares of Asbury Automotive Group during the third quarter worth $804,000. Atria Investments Inc boosted its holdings in shares of Asbury Automotive Group by 51.8% in the third quarter. Atria Investments Inc now owns 2,520 shares of the company’s stock valued at $601,000 after acquiring an additional 860 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Asbury Automotive Group by 18.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,680 shares of the company’s stock valued at $401,000 after purchasing an additional 259 shares during the period. Venturi Wealth Management LLC bought a new position in shares of Asbury Automotive Group during the 3rd quarter valued at about $261,000. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Asbury Automotive Group by 2.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 3,931 shares of the company’s stock worth $938,000 after acquiring an additional 112 shares during 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 Asbury Automotive Group stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 3,747 shares of the company’s stock, valued at approximately $1,111,510.08. This trade represents a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Craig Hallum downgraded Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Stephens increased 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 research report on Tuesday, February 11th. Finally, 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 note on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Asbury Automotive Group presently has a consensus rating of “Hold” and an average target price of $264.00.

Asbury Automotive Group Trading Down 0.3 %

ABG stock opened at $247.09 on Wednesday. Asbury Automotive Group, Inc. has a 1-year low of $202.98 and a 1-year high of $312.56. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98. The business’s 50 day moving average is $268.56 and its 200-day moving average is $250.78. The firm has a market cap of $4.85 billion, a P/E ratio of 11.49 and a beta of 1.22.

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.