Northern Trust Corp reduced its stake in AutoNation, Inc. (NYSE:AN) by 3.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 604,616 shares of the company’s stock after selling 19,712 shares during the quarter. Northern Trust Corp owned 0.67% of AutoNation worth $28,285,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. acquired a new stake in AutoNation during the 1st quarter worth approximately $113,000. MANA Advisors LLC acquired a new stake in AutoNation during the 4th quarter worth approximately $218,000. Campbell & CO Investment Adviser LLC acquired a new stake in AutoNation during the 1st quarter worth approximately $201,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in AutoNation by 36.8% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,200 shares of the company’s stock worth $267,000 after buying an additional 1,400 shares in the last quarter. Finally, Invictus RG acquired a new stake in AutoNation during the 4th quarter worth approximately $268,000. Hedge funds and other institutional investors own 67.42% of the company’s stock.
In other AutoNation news, CEO Michael J. Jackson sold 33,006 shares of the stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $49.36, for a total value of $1,629,176.16. Following the sale, the chief executive officer now directly owns 164,107 shares of the company’s stock, valued at approximately $8,100,321.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.80% of the company’s stock.
Shares of NYSE:AN opened at $51.06 on Thursday. AutoNation, Inc. has a 52 week low of $38.59 and a 52 week high of $62.02. The company has a current ratio of 0.86, a quick ratio of 0.21 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 1.48 and a beta of 1.39.
AutoNation (NYSE:AN) last announced its quarterly earnings data on Tuesday, May 1st. The company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.01. AutoNation had a net margin of 1.99% and a return on equity of 15.97%. The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the prior year, the firm posted $0.97 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. research analysts forecast that AutoNation, Inc. will post 4.83 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. ValuEngine lowered shares of AutoNation from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Guggenheim assumed coverage on shares of AutoNation in a report on Monday, April 16th. They set a “neutral” rating on the stock. Finally, Morgan Stanley increased their target price on shares of AutoNation from $49.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. AutoNation presently has a consensus rating of “Hold” and a consensus target price of $50.75.
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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