Glenmede Trust Co. NA Has $19.37 Million Stock Position in Asbury Automotive Group, Inc. (NYSE:ABG)

Glenmede Trust Co. NA cut its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 1.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,189 shares of the company’s stock after selling 814 shares during the quarter. Glenmede Trust Co. NA owned 0.41% of Asbury Automotive Group worth $19,371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Asbury Automotive Group by 7.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,056,825 shares of the company’s stock worth $240,818,000 after purchasing an additional 69,975 shares during the period. Eminence Capital LP boosted its stake in shares of Asbury Automotive Group by 41.5% during the 2nd quarter. Eminence Capital LP now owns 498,542 shares of the company’s stock valued at $113,603,000 after buying an additional 146,246 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Asbury Automotive Group by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 197,765 shares of the company’s stock valued at $45,065,000 after acquiring an additional 7,754 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Asbury Automotive Group by 366.1% in the third quarter. Assenagon Asset Management S.A. now owns 189,586 shares of the company’s stock worth $45,233,000 after acquiring an additional 148,910 shares during the last quarter. Finally, Natixis Advisors LLC purchased a new stake in shares of Asbury Automotive Group during the third quarter worth $26,573,000.

Asbury Automotive Group Trading Down 1.4 %

Shares of ABG stock opened at $260.03 on Friday. Asbury Automotive Group, Inc. has a 12 month low of $195.09 and a 12 month high of $277.13. The company has a market cap of $5.09 billion, a PE ratio of 14.72 and a beta of 1.16. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. The business’s 50 day moving average is $239.54 and its two-hundred day moving average is $236.62.

Asbury Automotive Group (NYSE:ABG) last announced its earnings results on Tuesday, October 29th. The company reported $6.35 EPS for the quarter, missing the consensus estimate of $6.58 by ($0.23). The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.30 billion. Asbury Automotive Group had a return on equity of 16.51% and a net margin of 2.16%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the business earned $8.12 EPS. Equities analysts predict that Asbury Automotive Group, Inc. will post 25.17 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Morgan Stanley upgraded Asbury Automotive Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $190.00 to $240.00 in a research note on Wednesday, September 25th. StockNews.com upgraded Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Stephens started coverage on shares of Asbury Automotive Group in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $216.00 target price for the company. Bank of America dropped their price target on shares of Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Craig Hallum lifted 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. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $256.20.

About Asbury Automotive Group

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.