Ferguson Wellman Capital Management Inc. Cuts Holdings in AutoNation, Inc. (NYSE:AN)

Ferguson Wellman Capital Management Inc. lessened its stake in AutoNation, Inc. (NYSE:AN) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 249,541 shares of the company’s stock after selling 4,333 shares during the quarter. Ferguson Wellman Capital Management Inc. owned 0.63% of AutoNation worth $42,382,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC grew its holdings in AutoNation by 258.6% during the 2nd quarter. Millennium Management LLC now owns 28,888 shares of the company’s stock worth $4,604,000 after acquiring an additional 20,832 shares in the last quarter. Truist Financial Corp lifted its position in shares of AutoNation by 23.3% during the 2nd quarter. Truist Financial Corp now owns 4,449 shares of the company’s stock worth $709,000 after purchasing an additional 840 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of AutoNation by 54.0% during the third quarter. GAMMA Investing LLC now owns 311 shares of the company’s stock worth $56,000 after purchasing an additional 109 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in AutoNation by 25.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,500 shares of the company’s stock valued at $984,000 after buying an additional 1,100 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in AutoNation by 1.8% in the third quarter. Ritholtz Wealth Management now owns 10,184 shares of the company’s stock valued at $1,822,000 after buying an additional 179 shares in the last quarter. 94.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AN. Guggenheim dropped their price objective on AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. JPMorgan Chase & Co. dropped their price target on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Bank of America cut their price objective on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Stephens upped their target price on shares of AutoNation from $192.00 to $195.00 and gave the company an “equal weight” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company lifted their price target on shares of AutoNation from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AutoNation has an average rating of “Moderate Buy” and a consensus target price of $195.57.

AutoNation Stock Down 1.3 %

AN stock opened at $191.10 on Monday. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 3.71 and a beta of 1.25. The company has a fifty day moving average price of $178.40 and a 200 day moving average price of $173.01. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20. AutoNation, Inc. has a 12 month low of $136.35 and a 12 month high of $197.18.

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.