Asbury Automotive Group, Inc. (NYSE:ABG) Shares Sold by Lawson Kroeker Investment Management Inc. NE

Lawson Kroeker Investment Management Inc. NE lowered its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,359 shares of the company’s stock after selling 472 shares during the period. Asbury Automotive Group makes up 2.1% of Lawson Kroeker Investment Management Inc. NE’s portfolio, making the stock its 13th biggest position. Lawson Kroeker Investment Management Inc. NE’s holdings in Asbury Automotive Group were worth $11,267,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ABG. SkyView Investment Advisors LLC grew its holdings in Asbury Automotive Group by 2.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,119 shares of the company’s stock valued at $506,000 after purchasing an additional 50 shares in the last quarter. HighTower Advisors LLC grew its holdings in Asbury Automotive Group by 3.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,720 shares of the company’s stock valued at $409,000 after purchasing an additional 53 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in Asbury Automotive Group by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,843 shares of the company’s stock valued at $440,000 after purchasing an additional 57 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Asbury Automotive Group by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,804 shares of the company’s stock valued at $2,690,000 after purchasing an additional 99 shares in the last quarter. Finally, US Bancorp DE grew its holdings in Asbury Automotive Group by 2.6% during the 3rd quarter. US Bancorp DE now owns 3,851 shares of the company’s stock valued at $919,000 after purchasing an additional 99 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ABG. Bank of America lowered their price target on shares of Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating for the company in a report on Monday, October 14th. JPMorgan Chase & Co. reduced their price objective on shares of 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. Craig Hallum increased their price objective on shares of Asbury Automotive Group from $240.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Seaport Res Ptn downgraded shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $255.20.

Asbury Automotive Group Trading Up 0.6 %

Asbury Automotive Group stock opened at $275.03 on Thursday. The firm’s 50-day moving average is $252.52 and its 200-day moving average is $242.52. 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 1 year low of $195.09 and a 1 year high of $277.13. The company has a market cap of $5.39 billion, a P/E ratio of 15.56 and a beta of 1.19.

Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings results on Thursday, January 30th. The company reported $7.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.04 by $1.22. Asbury Automotive Group had a net margin of 2.16% and a return on equity of 16.51%. On average, equities analysts expect that Asbury Automotive Group, Inc. will post 25.16 earnings per share for the current year.

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.