Texas Permanent School Fund Buys 260 Shares of AutoNation, Inc. (NYSE:AN)

Texas Permanent School Fund boosted its stake in AutoNation, Inc. (NYSE:AN) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,274 shares of the company’s stock after acquiring an additional 260 shares during the period. Texas Permanent School Fund’s holdings in AutoNation were worth $1,959,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Cerebellum GP LLC bought a new stake in shares of AutoNation during the 3rd quarter valued at $33,000. TRUE Private Wealth Advisors bought a new stake in shares of AutoNation during the 4th quarter valued at $37,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of AutoNation by 123.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,038 shares of the company’s stock valued at $43,000 after buying an additional 573 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of AutoNation by 31.9% during the 3rd quarter. Signaturefd LLC now owns 888 shares of the company’s stock valued at $45,000 after buying an additional 215 shares in the last quarter. Finally, Whittier Trust Co. bought a new stake in shares of AutoNation during the 3rd quarter valued at $65,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

In other AutoNation news, major shareholder Edward S. Lampert sold 44,574 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $45.73, for a total value of $2,038,369.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Edward S. Lampert sold 214,149 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $45.08, for a total value of $9,653,836.92. The disclosure for this sale can be found here. In the last three months, insiders sold 441,755 shares of company stock valued at $20,036,688. 2.40% of the stock is owned by insiders.

Shares of AN traded down $0.49 during trading hours on Friday, hitting $47.37. The company had a trading volume of 21,503 shares, compared to its average volume of 787,689. The firm has a fifty day moving average price of $45.68 and a 200-day moving average price of $48.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.22 and a current ratio of 0.85. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 2.60 and a beta of 1.04. AutoNation, Inc. has a 52-week low of $32.83 and a 52-week high of $53.19.

AutoNation (NYSE:AN) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.18. The firm had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.53 billion. AutoNation had a return on equity of 14.37% and a net margin of 1.82%. AutoNation’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 EPS. Research analysts anticipate that AutoNation, Inc. will post 4.51 earnings per share for the current fiscal year.

AN has been the topic of a number of research reports. Benchmark assumed coverage on shares of AutoNation in a report on Thursday, January 9th. They set a “hold” rating on the stock. ValuEngine lowered AutoNation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price target on AutoNation from $45.00 to $52.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 18th. Finally, Cfra lowered their price target on AutoNation from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. AutoNation currently has a consensus rating of “Hold” and an average price target of $48.83.

AutoNation Company Profile

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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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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