Arizona State Retirement System boosted its stake in shares of AutoNation, Inc. (NYSE:AN) by 15.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,682 shares of the company’s stock after acquiring an additional 5,681 shares during the quarter. Arizona State Retirement System’s holdings in AutoNation were worth $2,191,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its stake in AutoNation by 2.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 99,588 shares of the company’s stock worth $5,112,000 after acquiring an additional 2,446 shares during the last quarter. First Trust Advisors LP grew its stake in shares of AutoNation by 2.1% during the fourth quarter. First Trust Advisors LP now owns 185,168 shares of the company’s stock valued at $9,505,000 after buying an additional 3,893 shares during the last quarter. Barings LLC bought a new position in shares of AutoNation during the fourth quarter valued at approximately $364,000. New Mexico Educational Retirement Board bought a new position in shares of AutoNation during the fourth quarter valued at approximately $755,000. Finally, Check Capital Management Inc. CA grew its stake in shares of AutoNation by 2.9% during the fourth quarter. Check Capital Management Inc. CA now owns 555,320 shares of the company’s stock valued at $28,505,000 after buying an additional 15,570 shares during the last quarter. 69.21% of the stock is currently owned by institutional investors.
AutoNation, Inc. (AN) opened at $51.49 on Friday. The company has a market capitalization of $4,640.00, a P/E ratio of 12.87, a PEG ratio of 1.21 and a beta of 1.36. AutoNation, Inc. has a 52 week low of $38.20 and a 52 week high of $62.02. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.25 and a current ratio of 0.85.
A number of research analysts have recently commented on the company. Bank of America reaffirmed a “hold” rating and set a $65.00 target price on shares of AutoNation in a research note on Thursday, February 1st. Jefferies Group reaffirmed a “hold” rating and set a $60.00 target price on shares of AutoNation in a research note on Friday, February 2nd. Finally, Moffett Nathanson assumed coverage on AutoNation in a research note on Monday, December 4th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.33.
In related news, Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now owns 37,677 shares in the company, valued at $2,072,235. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert R. Grusky sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $51.99, for a total value of $519,900.00. Following the completion of the sale, the director now owns 32,677 shares of the company’s stock, valued at approximately $1,698,877.23. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock valued at $1,094,900 in the last quarter. 3.10% of the stock is owned by company insiders.
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AutoNation Company Profile
AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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