Public Employees Retirement System of Ohio grew its holdings in AutoNation, Inc. (NYSE:AN) by 8.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 58,734 shares of the company’s stock after acquiring an additional 4,500 shares during the period. Public Employees Retirement System of Ohio’s holdings in AutoNation were worth $2,097,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of AutoNation by 9.5% in the 3rd quarter. BlackRock Inc. now owns 5,681,175 shares of the company’s stock worth $236,050,000 after acquiring an additional 492,876 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of AutoNation by 13.3% in the 4th quarter. Victory Capital Management Inc. now owns 5,090,754 shares of the company’s stock worth $181,740,000 after acquiring an additional 597,653 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of AutoNation by 9.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,051,749 shares of the company’s stock worth $108,946,000 after acquiring an additional 256,337 shares in the last quarter. Prudential Financial Inc. raised its position in shares of AutoNation by 3.3% in the 4th quarter. Prudential Financial Inc. now owns 1,350,993 shares of the company’s stock worth $48,230,000 after acquiring an additional 42,695 shares in the last quarter. Finally, Magnolia Group LLC bought a new position in shares of AutoNation in the 4th quarter worth approximately $45,170,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

Several brokerages have recently issued reports on AN. Bank of America reissued a “buy” rating and issued a $55.00 target price (down previously from $59.00) on shares of AutoNation in a research report on Tuesday, February 26th. Jefferies Financial Group reissued a “hold” rating and issued a $41.00 target price on shares of AutoNation in a research report on Sunday, February 24th. JPMorgan Chase & Co. began coverage on AutoNation in a research report on Tuesday, February 19th. They issued an “underweight” rating and a $40.00 target price for the company. Finally, Seaport Global Securities began coverage on AutoNation in a research report on Wednesday, February 13th. They issued a “neutral” rating and a $38.06 target price for the company. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $41.38.

In other AutoNation news, Director David B. Edelson bought 1,150 shares of AutoNation stock in a transaction on Monday, February 25th. The stock was acquired at an average price of $36.06 per share, with a total value of $41,469.00. Following the acquisition, the director now owns 37,030 shares in the company, valued at $1,335,301.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by company insiders.

AN stock opened at $36.15 on Wednesday. AutoNation, Inc. has a twelve month low of $32.83 and a twelve month high of $51.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.86 and a quick ratio of 0.22. The company has a market cap of $3.27 billion, a P/E ratio of 8.05, a P/E/G ratio of 3.33 and a beta of 1.05.

AutoNation (NYSE:AN) last posted its quarterly earnings data on Friday, February 22nd. The company reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.04). The company had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.63 billion. AutoNation had a net margin of 1.85% and a return on equity of 15.89%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the business earned $1.02 EPS. Equities research analysts forecast that AutoNation, Inc. will post 4.18 earnings per share for the current fiscal year.

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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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