State of New Jersey Common Pension Fund D Sells 486 Shares of AutoNation, Inc. (NYSE:AN)

State of New Jersey Common Pension Fund D reduced its position in shares of AutoNation, Inc. (NYSE:AN) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,877 shares of the company’s stock after selling 486 shares during the period. State of New Jersey Common Pension Fund D’s holdings in AutoNation were worth $1,946,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AN. GAMMA Investing LLC grew its holdings in AutoNation by 90.6% during the 2nd quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock worth $32,000 after acquiring an additional 96 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of AutoNation in the 2nd quarter valued at about $37,000. Quarry LP raised its position in shares of AutoNation by 498.5% in the 2nd quarter. Quarry LP now owns 407 shares of the company’s stock valued at $65,000 after acquiring an additional 339 shares during the period. Mather Group LLC. acquired a new stake in shares of AutoNation in the 2nd quarter valued at approximately $103,000. Finally, Fifth Third Bancorp raised its position in shares of AutoNation by 212.2% in the 2nd quarter. Fifth Third Bancorp now owns 743 shares of the company’s stock valued at $118,000 after acquiring an additional 505 shares during the period. 94.62% of the stock is owned by institutional investors.

AutoNation Stock Performance

NYSE:AN opened at $164.80 on Monday. The company has a market capitalization of $6.53 billion, a PE ratio of 9.50, a P/E/G ratio of 3.40 and a beta of 1.21. The company has a 50 day simple moving average of $166.85 and a two-hundred day simple moving average of $168.35. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80. AutoNation, Inc. has a fifty-two week low of $129.32 and a fifty-two week high of $197.18.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut 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 research report on Monday, October 14th. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $145.00 to $200.00 in a report on Wednesday, September 25th. Stephens started coverage on shares of AutoNation in a report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price objective on the stock. Finally, Wells Fargo & Company decreased their price target on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $199.00.

Insider Buying and Selling

In related news, major shareholder Edward S. Lampert sold 500 shares of AutoNation stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $182.06, for a total value of $91,030.00. Following the completion of the sale, the insider now owns 3,825,338 shares of the company’s stock, valued at approximately $696,441,036.28. This trade represents a 0.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.74% of the stock is owned by company insiders.

AutoNation 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.