TD Private Client Wealth LLC Grows Position in AutoNation, Inc. (NYSE:AN)

TD Private Client Wealth LLC boosted its stake in AutoNation, Inc. (NYSE:AN) by 18.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,306 shares of the company’s stock after acquiring an additional 504 shares during the period. TD Private Client Wealth LLC’s holdings in AutoNation were worth $592,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of AutoNation by 2.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,845 shares of the company’s stock valued at $509,000 after acquiring an additional 62 shares during the period. Concurrent Investment Advisors LLC increased its holdings in AutoNation by 1.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,436 shares of the company’s stock valued at $866,000 after purchasing an additional 65 shares during the last quarter. OLD National Bancorp IN raised its position in AutoNation by 2.2% in the third quarter. OLD National Bancorp IN now owns 3,100 shares of the company’s stock valued at $555,000 after purchasing an additional 68 shares during the period. Sei Investments Co. lifted its stake in AutoNation by 0.5% during the second quarter. Sei Investments Co. now owns 15,130 shares of the company’s stock worth $2,413,000 after purchasing an additional 72 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in shares of AutoNation by 0.6% during the third quarter. Mutual of America Capital Management LLC now owns 14,152 shares of the company’s stock worth $2,532,000 after buying an additional 87 shares during the period. Institutional investors and hedge funds own 94.62% of the company’s stock.

AutoNation Stock Down 1.2 %

Shares of AutoNation stock 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 52-week low of $133.13 and a 52-week high of $197.18. The company has a market capitalization of $6.85 billion, a P/E ratio of 9.96, a P/E/G ratio of 3.68 and a beta of 1.24. The company has a 50 day moving average of $168.35 and a 200 day moving average of $169.41.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AN. JPMorgan Chase & Co. cut their price objective on AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $145.00 to $200.00 in a research note on Wednesday, September 25th. Stephens began coverage on shares of AutoNation in a research note on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price objective for the company. Bank of America cut their target price on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Guggenheim decreased their price target on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $199.29.

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.