Intech Investment Management LLC increased its stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 47.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,415 shares of the company's stock after purchasing an additional 2,066 shares during the quarter. Intech Investment Management LLC's holdings in AutoNation were worth $1,090,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Curio Wealth LLC bought a new stake in shares of AutoNation during the fourth quarter worth about $197,000. Natixis Advisors LLC lifted its holdings in AutoNation by 5.3% during the 4th quarter. Natixis Advisors LLC now owns 17,058 shares of the company's stock worth $2,897,000 after buying an additional 861 shares during the period. Greatmark Investment Partners Inc. grew its position in shares of AutoNation by 25.5% in the 4th quarter. Greatmark Investment Partners Inc. now owns 146,402 shares of the company's stock valued at $24,865,000 after buying an additional 29,715 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of AutoNation by 77.1% in the fourth quarter. Farther Finance Advisors LLC now owns 494 shares of the company's stock valued at $84,000 after buying an additional 215 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of AutoNation by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 3,866 shares of the company's stock valued at $657,000 after buying an additional 74 shares during the period. Institutional investors own 94.62% of the company's stock.
AutoNation Stock Up 1.0 %
Shares of AN stock traded up $1.82 on Tuesday, reaching $177.03. 423,510 shares of the company were exchanged, compared to its average volume of 436,171. The company has a 50-day moving average of $180.91 and a 200-day moving average of $173.74. AutoNation, Inc. has a one year low of $150.08 and a one year high of $198.50. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.74 and a quick ratio of 0.21. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 3.51 and a beta of 1.32.
AutoNation (NYSE:AN - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $4.97 EPS for the quarter, beating the consensus estimate of $4.26 by $0.71. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. Analysts anticipate that AutoNation, Inc. will post 18.15 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on AN shares. Guggenheim reissued a "buy" rating on shares of AutoNation in a research report on Wednesday, February 12th. JPMorgan Chase & Co. increased their price objective on shares of AutoNation from $180.00 to $195.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Wells Fargo & Company boosted their target price on shares of AutoNation from $170.00 to $194.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. Stephens increased their price target on AutoNation from $195.00 to $200.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 12th. Finally, StockNews.com raised AutoNation from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, AutoNation currently has a consensus rating of "Moderate Buy" and a consensus price target of $204.71.
Check Out Our Latest Report on AN
About AutoNation
(
Free Report)
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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