Asset Management One Co. Ltd. boosted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 1,852.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,307 shares of the company’s stock after buying an additional 55,320 shares during the period. Asset Management One Co. Ltd. owned about 0.20% of AutoZone worth $46,083,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. BTG Pactual Global Asset Management Ltd increased its stake in AutoZone by 87.7% in the second quarter. BTG Pactual Global Asset Management Ltd now owns 2,602 shares of the company’s stock valued at $2,066,000 after buying an additional 1,216 shares in the last quarter. Advisor Partners LLC increased its stake in AutoZone by 1.0% in the second quarter. Advisor Partners LLC now owns 723 shares of the company’s stock valued at $574,000 after buying an additional 7 shares in the last quarter. Tredje AP fonden increased its stake in AutoZone by 8.3% in the second quarter. Tredje AP fonden now owns 3,237 shares of the company’s stock valued at $2,570,000 after buying an additional 248 shares in the last quarter. Westport Resources Management Inc. increased its stake in AutoZone by 15.8% in the second quarter. Westport Resources Management Inc. now owns 3,012 shares of the company’s stock valued at $2,391,000 after buying an additional 410 shares in the last quarter. Finally, Rational Advisors LLC purchased a new stake in AutoZone during the second quarter valued at approximately $754,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

AutoZone, Inc. (NYSE:AZO) traded up 0.18% on Friday, reaching $738.69. The company’s stock had a trading volume of 111,979 shares. The company’s 50 day moving average price is $756.18 and its 200-day moving average price is $765.39. AutoZone, Inc. has a 12-month low of $713.09 and a 12-month high of $819.54. The stock has a market cap of $21.14 billion, a PE ratio of 17.65 and a beta of 0.58.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, December 6th. The company reported $9.36 earnings per share for the quarter, topping the consensus estimate of $9.31 by $0.05. AutoZone had a negative return on equity of 69.22% and a net margin of 11.77%. The business earned $2.50 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the business posted $8.29 EPS. The business’s revenue was up 3.9% on a year-over-year basis. On average, equities analysts expect that AutoZone, Inc. will post $45.54 EPS for the current year.

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Several research firms have recently commented on AZO. Atlantic Securities began coverage on AutoZone in a report on Wednesday, December 14th. They set a “neutral” rating and a $864.00 price objective for the company. Zacks Investment Research downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Tuesday, November 29th. Credit Suisse Group restated a “buy” rating and set a $814.00 price objective on shares of AutoZone in a report on Wednesday, November 23rd. Wedbush restated an “outperform” rating on shares of AutoZone in a report on Tuesday, January 3rd. Finally, Vetr upgraded AutoZone from a “hold” rating to a “strong-buy” rating and set a $887.00 price objective for the company in a report on Wednesday, December 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $868.67.

In other AutoZone news, Chairman William C. Rhodes III sold 32,000 shares of the stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of $793.04, for a total value of $25,377,280.00. Following the completion of the sale, the chairman now owns 50,129 shares in the company, valued at approximately $39,754,302.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider James C. Griffith sold 660 shares of the stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $789.79, for a total value of $521,261.40. Following the completion of the sale, the insider now owns 735 shares of the company’s stock, valued at approximately $580,495.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,260 shares of company stock valued at $30,427,541. Company insiders own 2.60% of the company’s stock.

About AutoZone

Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.

5 Day Chart for NYSE:AZO

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