Raymond James & Associates decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 6.4% in the 4th quarter, HoldingsChannel reports. The firm owned 8,157 shares of the company’s stock after selling 560 shares during the period. Raymond James & Associates’ holdings in AutoZone were worth $6,838,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AZO. Penserra Capital Management LLC bought a new position in shares of AutoZone during the 4th quarter valued at about $30,000. Lindbrook Capital LLC bought a new position in shares of AutoZone during the 4th quarter valued at about $35,000. CX Institutional bought a new position in shares of AutoZone during the 4th quarter valued at about $71,000. Moody National Bank Trust Division bought a new position in shares of AutoZone during the 4th quarter valued at about $99,000. Finally, Bremer Trust National Association bought a new position in shares of AutoZone during the 4th quarter valued at about $125,000. Institutional investors own 92.97% of the company’s stock.

Shares of AZO opened at $950.22 on Friday. AutoZone, Inc. has a one year low of $590.76 and a one year high of $964.39. The stock has a market capitalization of $23.56 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 1.26 and a beta of 0.68.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, February 26th. The company reported $11.49 EPS for the quarter, topping the consensus estimate of $9.98 by $1.51. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.45 billion. AutoZone had a net margin of 12.49% and a negative return on equity of 99.55%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $8.47 earnings per share. Sell-side analysts predict that AutoZone, Inc. will post 61.44 EPS for the current year.

AZO has been the subject of several recent analyst reports. Zacks Investment Research cut shares of AutoZone from a “buy” rating to a “hold” rating in a report on Friday, December 14th. Wells Fargo & Co reiterated an “outperform” rating and issued a $1,050.00 target price (up from $940.00) on shares of AutoZone in a report on Tuesday, February 26th. Credit Suisse Group set a $854.00 target price on shares of AutoZone and gave the stock a “buy” rating in a report on Wednesday, November 28th. Morgan Stanley raised their target price on shares of AutoZone from $900.00 to $980.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 27th. Finally, Bank of America upgraded shares of AutoZone from a “neutral” rating to a “buy” rating in a report on Monday. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $922.20.

In related news, insider Richard Craig Smith sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 17th. The shares were sold at an average price of $840.00, for a total transaction of $1,260,000.00. Following the completion of the sale, the insider now directly owns 4,500 shares in the company, valued at $3,780,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ronald B. Griffin sold 21,000 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $844.93, for a total transaction of $17,743,530.00. Following the sale, the insider now owns 21,377 shares of the company’s stock, valued at $18,062,068.61. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,390 shares of company stock valued at $21,645,367. 2.80% of the stock is currently owned by corporate insiders.

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About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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