Epoch Investment Partners Inc. Has $1.82 Million Stake in Asbury Automotive Group, Inc. (NYSE:ABG)

Epoch Investment Partners Inc. lessened its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 49.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,500 shares of the company’s stock after selling 7,375 shares during the period. Epoch Investment Partners Inc.’s holdings in Asbury Automotive Group were worth $1,823,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ABG. Aster Capital Management DIFC Ltd acquired a new position in Asbury Automotive Group in the 4th quarter valued at approximately $25,000. CIBC Private Wealth Group LLC raised its stake in shares of Asbury Automotive Group by 9.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company’s stock valued at $117,000 after purchasing an additional 41 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Asbury Automotive Group by 234.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 501 shares of the company’s stock valued at $122,000 after purchasing an additional 351 shares in the last quarter. Headlands Technologies LLC lifted its position in Asbury Automotive Group by 275.2% in the fourth quarter. Headlands Technologies LLC now owns 604 shares of the company’s stock worth $147,000 after purchasing an additional 443 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in Asbury Automotive Group by 801.4% during the fourth quarter. Sterling Capital Management LLC now owns 631 shares of the company’s stock worth $153,000 after buying an additional 561 shares in the last quarter.

Insiders Place Their Bets

In other news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total value of $361,010.88. Following the completion of the transaction, the chief operating officer now owns 3,747 shares in the company, valued at approximately $1,111,510.08. The trade was a 24.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

ABG has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Asbury Automotive Group from $290.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. Stephens raised their price target on shares of 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, Craig Hallum downgraded Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $263.00.

Asbury Automotive Group Trading Up 0.8 %

Shares of Asbury Automotive Group stock opened at $218.47 on Monday. Asbury Automotive Group, Inc. has a 12-month low of $201.68 and a 12-month high of $312.56. The stock has a market capitalization of $4.29 billion, a P/E ratio of 10.16 and a beta of 1.04. The company has a 50-day simple moving average of $245.95 and a 200 day simple moving average of $249.81. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98.

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.