State Street Corp Has $152.80 Million Stock Position in AutoNation, Inc. (NYSE:AN)

State Street Corp increased its stake in AutoNation, Inc. (NYSE:AN) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 854,034 shares of the company’s stock after acquiring an additional 19,037 shares during the quarter. State Street Corp’s holdings in AutoNation were worth $152,804,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AN. Simcoe Capital Management LLC acquired a new position in shares of AutoNation in the third quarter worth approximately $42,255,000. Holocene Advisors LP acquired a new position in shares of AutoNation in the third quarter worth approximately $20,046,000. WINTON GROUP Ltd acquired a new position in shares of AutoNation in the second quarter worth approximately $15,832,000. Verition Fund Management LLC lifted its stake in shares of AutoNation by 739.9% in the third quarter. Verition Fund Management LLC now owns 109,040 shares of the company’s stock worth $19,509,000 after acquiring an additional 96,058 shares during the period. Finally, Lodge Hill Capital LLC acquired a new position in shares of AutoNation in the second quarter worth approximately $15,141,000. 94.62% of the stock is owned by institutional investors and hedge funds.

AutoNation Price Performance

Shares of NYSE:AN opened at $172.74 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. AutoNation, Inc. has a twelve month low of $133.13 and a twelve month high of $197.18. The stock’s 50 day moving average is $168.35 and its 200-day moving average is $169.41. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 3.68 and a beta of 1.24.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AN shares. Morgan Stanley upgraded AutoNation from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $145.00 to $200.00 in a report on Wednesday, September 25th. Bank of America lowered their target price on AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a report on Monday, October 14th. Wells Fargo & Company lowered their target price on AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Stephens started coverage on AutoNation in a report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 target price for the company. Finally, Guggenheim lowered their target price on AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.