Ontario Teachers Pension Plan Board lessened its position in AutoZone, Inc. (NYSE:AZO) by 66.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,034 shares of the company’s stock after selling 4,111 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in AutoZone were worth $1,721,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in AZO. Janney Montgomery Scott LLC lifted its holdings in shares of AutoZone by 37.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,309 shares of the company’s stock worth $1,559,000 after acquiring an additional 356 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of AutoZone by 8.4% in the 4th quarter. Wealthfront Advisers LLC now owns 1,397 shares of the company’s stock worth $1,664,000 after acquiring an additional 108 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in shares of AutoZone by 4.1% in the 4th quarter. CENTRAL TRUST Co now owns 513 shares of the company’s stock worth $611,000 after acquiring an additional 20 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of AutoZone in the 4th quarter worth about $63,000. Finally, Patton Fund Management Inc. lifted its holdings in shares of AutoZone by 4.9% in the 4th quarter. Patton Fund Management Inc. now owns 2,366 shares of the company’s stock worth $2,819,000 after acquiring an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 91.63% of the company’s stock.
AZO stock opened at $1,104.47 on Friday. The firm has a 50 day moving average of $984.81 and a 200 day moving average of $1,074.09. The stock has a market capitalization of $25.99 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 2.07 and a beta of 0.88. AutoZone, Inc. has a 52 week low of $684.91 and a 52 week high of $1,274.41.
AutoZone (NYSE:AZO) last released its earnings results on Tuesday, March 3rd. The company reported $12.39 EPS for the quarter, topping analysts’ consensus estimates of $11.75 by $0.64. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.56 billion. AutoZone had a net margin of 13.42% and a negative return on equity of 95.47%. AutoZone’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the business earned $11.49 EPS. Sell-side analysts anticipate that AutoZone, Inc. will post 61.01 earnings per share for the current year.
In related news, Director Michael M. Calbert bought 2,000 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was bought at an average cost of $886.00 per share, for a total transaction of $1,772,000.00. Following the purchase, the director now directly owns 835 shares of the company’s stock, valued at $739,810. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is owned by company insiders.
Several research firms recently commented on AZO. Nomura Securities reduced their price target on shares of AutoZone from $1,090.00 to $1,031.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Royal Bank of Canada reduced their price target on shares of AutoZone from $1,211.00 to $1,091.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 4th. Bank of America raised their price target on shares of AutoZone from $950.00 to $1,070.00 and gave the stock a “neutral” rating in a research note on Sunday, April 19th. UBS Group reduced their price target on shares of AutoZone from $1,275.00 to $1,100.00 and set a “buy” rating on the stock in a research note on Friday, April 3rd. Finally, Credit Suisse Group reduced their price target on shares of AutoZone from $1,350.00 to $1,015.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. AutoZone currently has an average rating of “Buy” and a consensus target price of $1,184.59.
AutoZone Company Profile
AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.
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