Keel Point LLC Has $214,000 Holdings in AutoZone, Inc. (AZO)
Keel Point LLC held its position in AutoZone, Inc. (NYSE:AZO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 375 shares of the company’s stock at the close of the 2nd quarter. Keel Point LLC’s holdings in AutoZone were worth $214,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Iberiabank Corp raised its stake in AutoZone by 32.0% in the second quarter. Iberiabank Corp now owns 1,340 shares of the company’s stock valued at $764,000 after buying an additional 325 shares during the last quarter. Tobam purchased a new stake in AutoZone in the second quarter valued at about $3,912,000. State Street Corp raised its stake in AutoZone by 3.2% in the first quarter. State Street Corp now owns 1,296,527 shares of the company’s stock valued at $937,455,000 after buying an additional 40,358 shares during the last quarter. Bank of Montreal Can raised its stake in AutoZone by 8.9% in the second quarter. Bank of Montreal Can now owns 42,228 shares of the company’s stock valued at $24,089,000 after buying an additional 3,447 shares during the last quarter. Finally, Private Management Group Inc. purchased a new stake in AutoZone in the second quarter valued at about $21,538,000. Institutional investors own 96.77% of the company’s stock.
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AutoZone, Inc. (AZO) traded up 1.60% during mid-day trading on Friday, reaching $599.16. The company had a trading volume of 294,548 shares. The firm’s 50 day moving average price is $565.49 and its 200-day moving average price is $595.73. The company has a market capitalization of $16.68 billion, a price-to-earnings ratio of 13.60 and a beta of 0.64. AutoZone, Inc. has a 12 month low of $491.13 and a 12 month high of $813.70.
AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, September 19th. The company reported $15.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $15.11 by $0.07. The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.49 billion. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $14.30 EPS. Equities research analysts anticipate that AutoZone, Inc. will post $46.96 earnings per share for the current year.
A number of research firms have commented on AZO. Stephens reiterated a “hold” rating and issued a $550.00 price target (down from $620.00) on shares of AutoZone in a research note on Thursday, September 21st. Royal Bank Of Canada decreased their price target on AutoZone from $577.00 to $571.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 20th. Wedbush reiterated a “hold” rating and issued a $580.00 price target (down from $590.00) on shares of AutoZone in a research note on Wednesday, September 20th. Zacks Investment Research upgraded AutoZone from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of AutoZone in a research note on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. AutoZone presently has a consensus rating of “Hold” and a consensus target price of $735.85.
In other AutoZone news, Director William Andrew Mckenna sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the completion of the sale, the director now directly owns 8,131 shares of the company’s stock, valued at approximately $4,756,309.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by corporate insiders.
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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