Cerity Partners LLC bought a new position in shares of AutoNation, Inc. (NYSE:AN – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,473 shares of the company’s stock, valued at approximately $467,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in AN. Raymond James Financial Services Advisors Inc. raised its position in shares of AutoNation by 13.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,667 shares of the company’s stock worth $1,361,000 after acquiring an additional 1,656 shares during the last quarter. Cetera Advisor Networks LLC bought a new stake in AutoNation in the first quarter valued at about $215,000. Natixis Advisors L.P. increased its holdings in AutoNation by 2.8% in the first quarter. Natixis Advisors L.P. now owns 11,818 shares of the company’s stock valued at $1,177,000 after purchasing an additional 320 shares during the last quarter. Acadian Asset Management LLC increased its holdings in AutoNation by 47.0% in the first quarter. Acadian Asset Management LLC now owns 5,081 shares of the company’s stock valued at $505,000 after purchasing an additional 1,625 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in AutoNation by 33.6% in the first quarter. MetLife Investment Management LLC now owns 25,882 shares of the company’s stock valued at $2,577,000 after purchasing an additional 6,508 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.
AutoNation Stock Down 1.8 %
AN stock opened at $156.35 on Thursday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.83 and a quick ratio of 0.24. The stock has a market capitalization of $6.89 billion, a P/E ratio of 6.48 and a beta of 1.16. The business has a 50-day moving average of $162.21 and a 200-day moving average of $145.76. AutoNation, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $182.08.
Analysts Set New Price Targets
A number of equities research analysts recently commented on AN shares. Guggenheim dropped their price objective on AutoNation from $184.00 to $179.00 and set a “buy” rating for the company in a report on Monday, July 24th. StockNews.com upgraded AutoNation from a “hold” rating to a “buy” rating in a report on Tuesday. Morgan Stanley upped their price objective on AutoNation from $105.00 to $117.00 and gave the company an “underweight” rating in a report on Wednesday, August 9th. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of AutoNation in a report on Monday, July 24th. Finally, Bank of America boosted their target price on AutoNation from $225.00 to $245.00 in a research note on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $174.57.
Insider Transactions at AutoNation
In related news, major shareholder Edward S. Lampert sold 11,500 shares of the company’s stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $177.60, for a total transaction of $2,042,400.00. Following the sale, the insider now owns 4,992,388 shares in the company, valued at $886,648,108.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP C Coleman Edmunds sold 4,500 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $160.35, for a total transaction of $721,575.00. Following the sale, the executive vice president now owns 9,094 shares in the company, valued at $1,458,222.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Edward S. Lampert sold 11,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $177.60, for a total value of $2,042,400.00. Following the completion of the sale, the insider now owns 4,992,388 shares in the company, valued at approximately $886,648,108.80. The disclosure for this sale can be found here. Insiders sold 222,115 shares of company stock valued at $36,304,793 over the last three months. Company insiders own 0.69% of the company’s stock.
About AutoNation
AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.
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