Crossmark Global Holdings Inc. Buys 137 Shares of AutoNation, Inc. (NYSE:AN)

Crossmark Global Holdings Inc. grew its stake in shares of AutoNation, Inc. (NYSE:AN) by 8.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,701 shares of the company’s stock after buying an additional 137 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in AutoNation were worth $305,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of AutoNation by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,605,708 shares of the company’s stock valued at $255,910,000 after purchasing an additional 41,712 shares in the last quarter. Boston Partners acquired a new stake in AutoNation during the 1st quarter worth approximately $170,270,000. LSV Asset Management grew its holdings in AutoNation by 0.6% during the 2nd quarter. LSV Asset Management now owns 781,825 shares of the company’s stock worth $124,607,000 after acquiring an additional 4,350 shares during the last quarter. WINTON GROUP Ltd acquired a new position in AutoNation in the 2nd quarter valued at approximately $15,832,000. Finally, Lodge Hill Capital LLC bought a new position in shares of AutoNation during the second quarter valued at $15,141,000. 94.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AN has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their target price on AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Stephens initiated coverage on shares of AutoNation in a research report on Thursday, September 12th. They set an “overweight” rating and a $210.00 target price for the company. Wells Fargo & Company dropped 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 report on Tuesday, October 15th. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $145.00 to $200.00 in a research report on Wednesday, September 25th. Finally, Bank of America cut their price target 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $199.00.

Insider Activity

In related news, major shareholder Edward S. Lampert sold 39,194 shares of AutoNation stock in a transaction on Monday, August 26th. The shares were sold at an average price of $183.43, for a total value of $7,189,355.42. Following the completion of the sale, the insider now owns 3,786,144 shares of the company’s stock, valued at approximately $694,492,393.92. This trade represents a 1.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.74% of the company’s stock.

AutoNation Stock Performance

NYSE:AN opened at $164.80 on Monday. The firm has a market capitalization of $6.53 billion, a P/E ratio of 9.50, a P/E/G ratio of 3.40 and a beta of 1.21. AutoNation, Inc. has a twelve month low of $129.32 and a twelve month high of $197.18. The company has a fifty day moving average of $166.85 and a 200-day moving average of $168.35. 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 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.