Retirement Systems of Alabama Has $13.14 Million Holdings in AutoNation, Inc. (NYSE:AN)

Retirement Systems of Alabama boosted its holdings in AutoNation, Inc. (NYSE:AN) by 142.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,429 shares of the company’s stock after buying an additional 43,113 shares during the period. Retirement Systems of Alabama’s holdings in AutoNation were worth $13,138,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new position in AutoNation in the 2nd quarter worth approximately $37,000. Venturi Wealth Management LLC increased its position in AutoNation by 403.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock worth $50,000 after buying an additional 226 shares during the period. GAMMA Investing LLC increased its position in AutoNation by 54.0% in the 3rd quarter. GAMMA Investing LLC now owns 311 shares of the company’s stock worth $56,000 after buying an additional 109 shares during the period. Quarry LP increased its position in AutoNation by 498.5% in the 2nd quarter. Quarry LP now owns 407 shares of the company’s stock worth $65,000 after buying an additional 339 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of AutoNation by 212.2% during the second quarter. Fifth Third Bancorp now owns 743 shares of the company’s stock valued at $118,000 after purchasing an additional 505 shares during the period. 94.62% of the stock is owned by institutional investors.

AutoNation Price Performance

Shares of AN stock opened at $172.70 on Monday. The stock’s fifty day simple moving average is $168.35 and its 200 day simple moving average is $169.45. 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 firm has a market cap of $6.85 billion, a price-to-earnings ratio of 9.96, a P/E/G ratio of 3.63 and a beta of 1.24. AutoNation, Inc. has a one year low of $133.13 and a one year high of $197.18.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AN shares. Bank of America lowered their price objective on 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 AutoNation from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $145.00 to $200.00 in a research report on Wednesday, September 25th. Guggenheim lowered their price objective on AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Wells Fargo & Company lowered their price objective on AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Finally, Stephens began coverage on AutoNation in a research report on Thursday, September 12th. They set an “overweight” rating and a $210.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, AutoNation has an average rating of “Moderate Buy” and a consensus price target of $199.29.

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.