Schwab Charles Investment Management Inc. trimmed its holdings in AutoNation, Inc. (NYSE:AN) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,388 shares of the company’s stock after selling 1,964 shares during the period. Schwab Charles Investment Management Inc.’s holdings in AutoNation were worth $13,623,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its position in AutoNation by 59.9% during the second quarter. Janus Henderson Group PLC now owns 6,672 shares of the company’s stock valued at $281,000 after purchasing an additional 2,500 shares in the last quarter. Shell Asset Management Co. raised its position in AutoNation by 425.3% during the third quarter. Shell Asset Management Co. now owns 14,424 shares of the company’s stock valued at $726,000 after purchasing an additional 11,678 shares in the last quarter. State Treasurer State of Michigan raised its position in AutoNation by 14.4% during the third quarter. State Treasurer State of Michigan now owns 24,600 shares of the company’s stock valued at $1,168,000 after purchasing an additional 3,091 shares in the last quarter. APG Asset Management N.V. raised its position in AutoNation by 22.8% during the third quarter. APG Asset Management N.V. now owns 103,021 shares of the company’s stock valued at $4,889,000 after purchasing an additional 19,100 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in AutoNation during the third quarter valued at approximately $285,000. Institutional investors own 74.36% of the company’s stock.
AutoNation, Inc. (NYSE:AN) opened at $50.59 on Wednesday. The stock has a market cap of $4,787.74, a price-to-earnings ratio of 13.27, a PEG ratio of 1.28 and a beta of 1.25. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.25 and a current ratio of 0.85. AutoNation, Inc. has a 1-year low of $38.20 and a 1-year high of $62.02.
In related news, Director Robert R. Grusky sold 10,000 shares of the business’s stock in a transaction 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 sale, the director now owns 32,677 shares of the company’s stock, valued at $1,698,877.23. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the sale, the director now directly owns 37,677 shares in the company, valued at approximately $2,072,235. The disclosure for this sale can be found here. In the last three months, insiders sold 20,000 shares of company stock worth $1,094,900. 3.10% of the stock is currently owned by insiders.
Several research analysts have commented on the stock. Bank of America set a $68.00 price objective on shares of AutoNation and gave the company a “hold” rating in a research report on Friday, February 9th. Jefferies Group reiterated a “hold” rating and set a $60.00 price target on shares of AutoNation in a report on Friday, February 2nd. Moffett Nathanson assumed coverage on shares of AutoNation in a report on Monday, December 4th. They set a “neutral” rating for the company. Wells Fargo & Co reiterated a “market perform” rating and set a $50.00 price target (up from $40.00) on shares of AutoNation in a report on Monday, November 6th. Finally, ValuEngine upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. AutoNation currently has a consensus rating of “Hold” and an average price target of $50.33.
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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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