OMERS ADMINISTRATION Corp increased its stake in AutoZone, Inc. (NYSE:AZO) by 7.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,445 shares of the company’s stock after buying an additional 11,385 shares during the period. OMERS ADMINISTRATION Corp owned 0.60% of AutoZone worth $96,662,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. bought a new position in AutoZone during the second quarter valued at approximately $767,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in AutoZone by 27.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,925 shares of the company’s stock valued at $3,380,000 after buying an additional 1,277 shares in the last quarter. Tobam bought a new position in AutoZone during the second quarter valued at approximately $3,912,000. Pacer Advisors Inc. raised its position in AutoZone by 5.7% in the second quarter. Pacer Advisors Inc. now owns 536 shares of the company’s stock valued at $306,000 after buying an additional 29 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in AutoZone by 18.3% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 7,033 shares of the company’s stock valued at $4,012,000 after buying an additional 1,089 shares in the last quarter. Institutional investors own 96.06% of the company’s stock.

AutoZone, Inc. (AZO) traded down 0.63% during mid-day trading on Monday, hitting $525.64. 24,413 shares of the stock traded hands. The stock has a market cap of $14.73 billion, a P/E ratio of 12.14 and a beta of 0.61. AutoZone, Inc. has a 12 month low of $491.13 and a 12 month high of $813.70. The stock has a 50-day moving average price of $517.97 and a 200-day moving average price of $635.31.

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Several research analysts recently commented on the company. Zacks Investment Research upgraded AutoZone from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. BidaskClub upgraded AutoZone from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Deutsche Bank AG reiterated a “hold” rating and issued a $550.00 price target (down previously from $650.00) on shares of AutoZone in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. dropped their price target on AutoZone and set an “outperform” rating for the company in a research report on Thursday, July 20th. Finally, Wolfe Research lowered AutoZone from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $774.36.

In other news, Director William Andrew Mckenna bought 300 shares of the firm’s stock in a transaction dated Thursday, July 13th. The stock was acquired at an average cost of $507.00 per share, for a total transaction of $152,100.00. Following the completion of the purchase, the director now owns 5,131 shares of the company’s stock, valued at $2,601,417. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $602.50, for a total transaction of $602,500.00. Following the completion of the transaction, the director now owns 4,431 shares of the company’s stock, valued at $2,669,677.50. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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