Stifel Financial Corp lowered its position in AutoZone, Inc. (NYSE:AZO) by 12.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,003 shares of the company’s stock after selling 550 shares during the quarter. Stifel Financial Corp’s holdings in AutoZone were worth $4,517,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AZO. Rockefeller Capital Management L.P. bought a new stake in AutoZone in the 1st quarter valued at $32,000. Ropes Wealth Advisors LLC acquired a new stake in AutoZone during the second quarter worth approximately $56,000. Islay Capital Management LLC acquired a new position in shares of AutoZone in the second quarter valued at approximately $56,000. OLD Second National Bank of Aurora bought a new position in shares of AutoZone during the second quarter worth approximately $74,000. Finally, AIA Investment Management Private Ltd lifted its holdings in AutoZone by 12.9% during the 1st quarter. AIA Investment Management Private Ltd now owns 96 shares of the company’s stock worth $81,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 88.62% of the company’s stock.

AZO has been the subject of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $1,250.00 target price (up previously from $1,119.00) on shares of AutoZone in a report on Wednesday, May 27th. Oppenheimer reaffirmed a “buy” rating on shares of AutoZone in a report on Tuesday, May 26th. Wells Fargo & Company reiterated an “overweight” rating and issued a $1,375.00 price target (up from $1,300.00) on shares of AutoZone in a research note on Monday. Nomura increased their price target on AutoZone from $1,210.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, UBS Group lifted their price objective on AutoZone from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $1,247.72.

Shares of AZO opened at $1,242.95 on Wednesday. AutoZone, Inc. has a 52 week low of $684.91 and a 52 week high of $1,274.41. The stock has a market capitalization of $29.00 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 1.88 and a beta of 0.92. The stock has a fifty day moving average of $1,202.52 and a 200-day moving average of $1,081.35.

In other news, VP Philip B. Daniele sold 176 shares of AutoZone stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $1,100.21, for a total transaction of $193,636.96. Following the sale, the vice president now directly owns 247 shares of the company’s stock, valued at $271,751.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by corporate insiders.

AutoZone Profile

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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