State Street Corp Boosts Stake in AutoNation, Inc. (NYSE:AN)

State Street Corp raised its holdings in AutoNation, Inc. (NYSE:AN - Free Report) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 854,034 shares of the company's stock after acquiring an additional 19,037 shares during the quarter. State Street Corp owned approximately 2.15% of AutoNation worth $152,804,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AN. Dimensional Fund Advisors LP boosted its holdings in shares of AutoNation by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,605,708 shares of the company's stock valued at $255,910,000 after purchasing an additional 41,712 shares during the period. LSV Asset Management raised its position in AutoNation by 0.6% during the 2nd quarter. LSV Asset Management now owns 781,825 shares of the company's stock valued at $124,607,000 after purchasing an additional 4,350 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of AutoNation by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company's stock worth $57,413,000 after buying an additional 19,015 shares during the period. Simcoe Capital Management LLC bought a new position in shares of AutoNation during the 3rd quarter worth $42,255,000. Finally, Holocene Advisors LP bought a new position in shares of AutoNation during the 3rd quarter worth $20,046,000. Hedge funds and other institutional investors own 94.62% of the company's stock.

AutoNation Stock Down 1.3 %

AN traded down $2.21 during trading on Friday, hitting $172.70. The stock had a trading volume of 495,766 shares, compared to its average volume of 433,453. The stock has a 50 day simple moving average of $168.35 and a two-hundred day simple moving average of $169.41. The company has a market capitalization of $6.85 billion, a PE ratio of 9.96, a PEG ratio of 3.68 and a beta of 1.24. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80. AutoNation, Inc. has a twelve month low of $133.13 and a twelve month high of $197.18.

Analysts Set New Price Targets

A number of research firms recently weighed in on AN. Stephens initiated coverage on shares of AutoNation in a research note on Thursday, September 12th. They issued an "overweight" rating and a $210.00 price objective for the company. JPMorgan Chase & Co. lowered their price target on shares of AutoNation from $190.00 to $180.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Guggenheim dropped their price objective on shares of AutoNation from $190.00 to $189.00 and set a "buy" rating on the stock in a research note on Thursday, November 21st. Wells Fargo & Company reduced their price objective on shares of AutoNation from $187.00 to $181.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 15th. Finally, Bank of America dropped their target price on AutoNation from $220.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $199.29.

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.