Metropolitan Life Insurance Co. NY Has $1,665,000 Position in AutoNation, Inc. (AN)

Metropolitan Life Insurance Co. NY lowered its stake in AutoNation, Inc. (NYSE:AN) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,214 shares of the company’s stock after selling 1,197 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in AutoNation were worth $1,665,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burgundy Asset Management Ltd. increased its position in AutoNation by 3.6% in the fourth quarter. Burgundy Asset Management Ltd. now owns 3,363,682 shares of the company’s stock worth $163,643,000 after buying an additional 117,726 shares during the period. State Street Corp increased its position in AutoNation by 3.8% in the fourth quarter. State Street Corp now owns 3,199,310 shares of the company’s stock worth $155,657,000 after buying an additional 116,925 shares during the period. Chilton Investment Co. LLC increased its position in AutoNation by 5.9% in the third quarter. Chilton Investment Co. LLC now owns 3,012,133 shares of the company’s stock worth $146,721,000 after buying an additional 166,893 shares during the period. Artisan Partners Limited Partnership increased its position in AutoNation by 8.5% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,733,102 shares of the company’s stock worth $132,965,000 after buying an additional 214,832 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in AutoNation by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,770,085 shares of the company’s stock worth $86,116,000 after buying an additional 167,115 shares during the period. 66.90% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for AutoNation (NYSE:AN)

Shares of AutoNation, Inc. (NYSE:AN) opened at 43.92 on Tuesday. AutoNation, Inc. has a 52 week low of $39.28 and a 52 week high of $54.15. The company’s 50-day moving average price is $47.42 and its 200 day moving average price is $47.59. The firm has a market cap of $4.43 billion, a P/E ratio of 10.59 and a beta of 1.05.

AutoNation (NYSE:AN) last posted its earnings results on Friday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.18. The firm had revenue of $5.50 billion for the quarter, compared to analysts’ expectations of $5.58 billion. AutoNation had a net margin of 1.99% and a return on equity of 19.32%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. On average, equities analysts anticipate that AutoNation, Inc. will post $4.02 earnings per share for the current year.

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A number of research analysts have recently weighed in on the company. TheStreet raised AutoNation from a “hold” rating to a “buy” rating in a research note on Wednesday, January 4th. Susquehanna Bancshares Inc assumed coverage on AutoNation in a research note on Thursday, February 2nd. They issued a “neutral” rating and a $49.00 price target on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $49.00 price target on shares of AutoNation in a research note on Monday, February 6th. Finally, Evercore ISI downgraded AutoNation from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $49.67.

In other AutoNation news, EVP Jonathan P. Ferrando sold 17,000 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $45.31, for a total transaction of $770,270.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jonathan P. Ferrando sold 247,499 shares of the business’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $45.21, for a total transaction of $11,189,429.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 434,610 shares of company stock worth $19,844,902. Insiders own 2.90% of the company’s stock.

About AutoNation

AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.

5 Day Chart for NYSE:AN

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