Mutual of America Capital Management LLC Buys 87 Shares of AutoNation, Inc. (NYSE:AN)

Mutual of America Capital Management LLC grew its stake in shares of AutoNation, Inc. (NYSE:AN) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,152 shares of the company’s stock after acquiring an additional 87 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AutoNation were worth $2,532,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in AutoNation by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,605,708 shares of the company’s stock worth $255,910,000 after buying an additional 41,712 shares during the last quarter. Boston Partners bought a new position in AutoNation in the 1st quarter valued at approximately $170,270,000. LSV Asset Management lifted its position in AutoNation by 0.6% in the 2nd quarter. LSV Asset Management now owns 781,825 shares of the company’s stock valued at $124,607,000 after acquiring an additional 4,350 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of AutoNation in the 2nd quarter worth $15,832,000. Finally, Lodge Hill Capital LLC purchased a new position in shares of AutoNation in the second quarter worth $15,141,000. Hedge funds and other institutional investors own 94.62% of the company’s stock.

AutoNation Trading Up 1.4 %

Shares of AutoNation stock opened at $172.46 on Friday. AutoNation, Inc. has a 1-year low of $130.35 and a 1-year high of $197.18. The company’s fifty day simple moving average is $167.39 and its 200-day simple moving average is $168.38. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20. The stock has a market capitalization of $6.84 billion, a PE ratio of 9.95, a P/E/G ratio of 3.55 and a beta of 1.21.

Insider Activity at AutoNation

In other news, major shareholder Edward S. Lampert sold 39,194 shares of AutoNation stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $183.43, for a total transaction of $7,189,355.42. Following the transaction, the insider now directly owns 3,786,144 shares of the company’s stock, valued at $694,492,393.92. The trade was a 1.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.74% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Bank of America reduced their price target on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $145.00 to $200.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. cut their target price on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Finally, Guggenheim lowered their price target on AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.