Northwestern Mutual Wealth Management Co. holds an $864,000 position in Asbury Automotive Group, Inc. (NYSE:ABG)

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Northwestern Mutual Wealth Management Co. raised its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG – Get Rating) by 7.0% in the 1st quarter, according to its latest Form 13F filed with the Securities and Exchange Commission (DRY ). The company held 5,396 shares of the company after purchasing an additional 351 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Asbury Automotive Group were worth $864,000 at the end of last quarter.

Several other institutional investors and hedge funds have also recently changed their holdings in ABG. The Swiss National Bank increased its position in Asbury Automotive Group by 9.7% during the first quarter. The Swiss National Bank now owns 52,000 shares of the company valued at $8,330,000 after buying an additional 4,600 shares in the last quarter. Teacher Retirement System of Texas increased its position in Asbury Automotive Group by 118.1% during the first quarter. Teacher Retirement System of Texas now owns 8,996 shares of the company valued at $1,441,000 after purchasing an additional 4,872 shares in the last quarter. Qube Research & Technologies Ltd increased its position in Asbury Automotive Group by 125.4% during the first quarter. Qube Research & Technologies Ltd now owns 2,657 shares in the company valued at $426,000 after buying an additional 1,478 shares in the last quarter. Los Angeles Capital Management LLC increased its position in Asbury Automotive Group by 0.3% during the first quarter. Los Angeles Capital Management LLC now owns 17,035 shares of the company valued at $2,729,000 after buying 57 additional shares in the last quarter. Finally, IndexIQ Advisors LLC increased its position in Asbury Automotive Group by 10.7% during the first quarter. IndexIQ Advisors LLC now owns 2,378 shares of the company valued at $381,000 after buying 229 additional shares in the last quarter.

Analyst upgrades and downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. raised its price target on Asbury Automotive Group from $195.00 to $205.00 and gave the company a “neutral” rating in a Monday, Aug. 1 research report. StockNews.com upgraded Asbury Automotive Group from a “hold” rating to a “buy” rating in a Friday, July 29 research report. Finally, Morgan Stanley raised its price target on Asbury Automotive Group from $130.00 to $135.00 and gave the company an “underweight” rating in a Friday, July 29 research report. One financial analyst has assigned the stock a sell rating, one has issued a hold rating and three have assigned the company a buy rating. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $203.75.

Asbury Automotive Group Share Performance

ABG opened at $186.15 on Friday. Asbury Automotive Group, Inc. has a 12-month low of $146.43 and a 12-month high of $230.96. The stock has a market capitalization of $4.12 billion, a price/earnings ratio of 5.57, a PEG ratio of 0.27 and a beta of 1.13. The company has a 50-day moving average of $172.77 and a 200-day moving average of $175.17. The company has a quick ratio of 0.71, a current ratio of 1.38 and a debt ratio of 1.38.

About Asbury Automotive Group

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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.

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Institutional ownership by quarter for Asbury Automotive Group (NYSE:ABG)



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