Utah Retirement Systems cut its position in shares of AutoZone, Inc. (NYSE:AZO) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,164 shares of the company’s stock after selling 270 shares during the period. Utah Retirement Systems’ holdings in AutoZone were worth $2,946,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. American Beacon Advisors Inc. bought a new position in AutoZone during the first quarter valued at approximately $104,000. Alpha Windward LLC raised its position in AutoZone by 3.2% in the second quarter. Alpha Windward LLC now owns 259 shares of the company’s stock valued at $148,000 after buying an additional 8 shares in the last quarter. Global X Management Co. LLC raised its position in AutoZone by 12.9% in the second quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock valued at $184,000 after buying an additional 37 shares in the last quarter. Colony Group LLC bought a new position in AutoZone during the first quarter valued at approximately $205,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in AutoZone during the first quarter valued at approximately $219,000. Institutional investors own 96.06% of the company’s stock.

AutoZone, Inc. (NYSE:AZO) opened at 529.53 on Thursday. The stock has a market cap of $14.84 billion, a PE ratio of 12.23 and a beta of 0.61. AutoZone, Inc. has a 52 week low of $491.13 and a 52 week 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 firms have recently commented on AZO. Zacks Investment Research upgraded AutoZone from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub upgraded AutoZone from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Deutsche Bank AG reiterated a “hold” rating and set a $550.00 price target (down previously from $650.00) on shares of AutoZone in a report on Friday, July 21st. Oppenheimer Holdings, Inc. reduced their price target on AutoZone and set an “outperform” rating on the stock in a report on Thursday, July 20th. Finally, Wolfe Research lowered AutoZone from a “market perform” rating to an “underperform” rating in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $774.36.

In other news, Director William Andrew Mckenna purchased 300 shares of the stock in a transaction that occurred on Thursday, July 13th. The shares were purchased 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 directly owns 5,131 shares of the company’s stock, valued at approximately $2,601,417. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP William T. Giles sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total value of $5,811,000.00. Following the transaction, the vice president now owns 18,500 shares in the company, valued at $10,750,350. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

AutoZone Company Profile

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.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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