USS Investment Management Ltd Has $96.97 Million Stock Holdings in AutoZone, Inc. $AZO

USS Investment Management Ltd grew its holdings in AutoZone, Inc. (NYSE:AZO) by 809.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 28,585 shares of the company’s stock after purchasing an additional 25,443 shares during the period. USS Investment Management Ltd’s holdings in AutoZone were worth $96,968,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC increased its stake in shares of AutoZone by 0.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 3,151 shares of the company’s stock valued at $10,687,000 after purchasing an additional 9 shares during the last quarter. Verition Fund Management LLC increased its stake in shares of AutoZone by 1,288.7% in the 4th quarter. Verition Fund Management LLC now owns 5,666 shares of the company’s stock valued at $19,216,000 after purchasing an additional 5,258 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of AutoZone by 161.3% in the 4th quarter. Panagora Asset Management Inc. now owns 520 shares of the company’s stock valued at $1,764,000 after purchasing an additional 321 shares during the last quarter. Focus Partners Wealth increased its stake in shares of AutoZone by 25.8% in the 4th quarter. Focus Partners Wealth now owns 18,784 shares of the company’s stock valued at $63,735,000 after purchasing an additional 3,849 shares during the last quarter. Finally, Eventide Asset Management LLC increased its stake in shares of AutoZone by 40.6% in the 4th quarter. Eventide Asset Management LLC now owns 367 shares of the company’s stock valued at $1,247,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

Insider Transactions at AutoZone

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total value of $173,936.00. Following the sale, the director owned 4,837 shares in the company, valued at approximately $16,826,568.64. The trade was a 1.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brian Hannasch purchased 165 shares of AutoZone stock in a transaction on Friday, May 29th. The stock was bought at an average price of $2,987.00 per share, for a total transaction of $492,855.00. Following the transaction, the director directly owned 1,219 shares in the company, valued at approximately $3,641,153. The trade was a 15.65% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AZO. Jefferies Financial Group decreased their price target on AutoZone from $4,400.00 to $4,000.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. UBS Group set a $4,800.00 price target on AutoZone in a research note on Tuesday, March 3rd. TD Cowen reiterated a “buy” rating and issued a $3,700.00 price target on shares of AutoZone in a research note on Thursday, June 4th. Mizuho decreased their price target on AutoZone from $3,600.00 to $3,200.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 27th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of AutoZone in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $4,040.87.

AutoZone Stock Down 0.2%

Shares of AZO stock opened at $3,110.16 on Monday. The firm has a market capitalization of $51.26 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.58 and a beta of 0.35. AutoZone, Inc. has a twelve month low of $2,928.11 and a twelve month high of $4,388.11. The stock’s fifty day simple moving average is $3,367.14 and its 200 day simple moving average is $3,512.02.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, beating analysts’ consensus estimates of $36.22 by $1.85. AutoZone had a negative return on equity of 80.35% and a net margin of 12.40%.The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the previous year, the company posted $35.36 EPS. The business’s revenue was up 8.4% on a year-over-year basis. As a group, equities research analysts expect that AutoZone, Inc. will post 150.45 EPS for the current fiscal year.

AutoZone Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.