Amundi Pioneer Asset Management Inc. purchased a new position in shares of AutoNation, Inc. (NYSE:AN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 101,605 shares of the company’s stock, valued at approximately $5,215,000. Amundi Pioneer Asset Management Inc. owned 0.11% of AutoNation at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in AutoNation during the 4th quarter worth $195,000. Sheaff Brock Investment Advisors LLC purchased a new stake in AutoNation during the 3rd quarter worth $212,000. Wright Investors Service Inc. purchased a new stake in AutoNation during the 4th quarter worth $272,000. DekaBank Deutsche Girozentrale boosted its position in AutoNation by 22.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,918 shares of the company’s stock worth $263,000 after purchasing an additional 1,092 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new stake in AutoNation during the 3rd quarter worth $299,000. 69.22% of the stock is owned by hedge funds and other institutional investors.
AN has been the subject of a number of analyst reports. ValuEngine cut shares of AutoNation from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Jefferies Group reissued a “hold” rating and issued a $60.00 price objective on shares of AutoNation in a research report on Friday, February 2nd. Bank of America reissued a “hold” rating and issued a $65.00 price objective on shares of AutoNation in a research report on Thursday, February 1st. Finally, Morgan Stanley upped their price objective on shares of AutoNation from $49.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $50.78.
In other news, Director Robert R. Grusky sold 5,000 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the director now owns 37,677 shares of the company’s stock, valued at $2,260,620. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.80% of the company’s stock.
Shares of AN stock traded down $0.06 during trading hours on Thursday, hitting $46.53. 573,434 shares of the company were exchanged, compared to its average volume of 925,609. 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 one year low of $38.20 and a one year high of $62.02. The stock has a market capitalization of $4,369.02, a price-to-earnings ratio of 12.21, a PEG ratio of 1.14 and a beta of 1.40.
AutoNation (NYSE:AN) last issued its quarterly earnings results on Thursday, February 1st. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.92 by $0.10. AutoNation had a net margin of 2.02% and a return on equity of 16.24%. The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter last year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. research analysts forecast that AutoNation, Inc. will post 4.9 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This report was first reported by Macon Daily and is the property of of Macon Daily. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://macondaily.com/2018/04/12/amundi-pioneer-asset-management-inc-acquires-new-stake-in-autonation-inc-an-updated-updated-updated.html.
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.
Receive News & Ratings for AutoNation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation and related companies with MarketBeat.com's FREE daily email newsletter.