PNC Financial Services Group Inc. Decreases Stock Holdings in AutoNation, Inc. (NYSE:AN)

PNC Financial Services Group Inc. lowered its stake in shares of AutoNation, Inc. (NYSE:AN) by 11.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,574 shares of the company’s stock after selling 740 shares during the quarter. PNC Financial Services Group Inc.’s holdings in AutoNation were worth $997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AN. Dimensional Fund Advisors LP increased its position 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 worth $255,910,000 after purchasing an additional 41,712 shares in the last quarter. Boston Partners acquired a new position in AutoNation during the 1st quarter valued at about $170,270,000. LSV Asset Management raised its stake in AutoNation by 0.6% in the second quarter. LSV Asset Management now owns 781,825 shares of the company’s stock valued at $124,607,000 after buying an additional 4,350 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in AutoNation in the second quarter worth about $15,832,000. Finally, Lodge Hill Capital LLC purchased a new stake in shares of AutoNation during the second quarter worth about $15,141,000. Hedge funds and other institutional investors own 94.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Morgan Stanley raised shares of 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 report on Wednesday, September 25th. Guggenheim lowered their price target on AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Bank of America reduced their price objective on AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, Wells Fargo & Company cut their price target on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $199.29.

AutoNation Trading Down 0.2 %

Shares of AutoNation stock opened at $179.22 on Thursday. AutoNation, Inc. has a fifty-two week low of $130.35 and a fifty-two week high of $197.18. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80. The company has a market cap of $7.11 billion, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 3.76 and a beta of 1.21. The firm has a 50-day simple moving average of $167.83 and a two-hundred day simple moving average of $168.65.

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.