First Quadrant L P CA maintained its stake in shares of AutoZone, Inc. (NYSE:AZO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,567 shares of the company’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in AutoZone were worth $7,169,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in AZO. BLS Capital Fondsmaeglerselskab A S purchased a new stake in shares of AutoZone during the fourth quarter valued at approximately $12,767,000. Quadrature Capital Ltd raised its stake in shares of AutoZone by 6.8% in the fourth quarter. Quadrature Capital Ltd now owns 10,513 shares of the company’s stock valued at $8,318,000 after buying an additional 672 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of AutoZone by 0.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 105,543 shares of the company’s stock valued at $83,357,000 after buying an additional 544 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in shares of AutoZone during the fourth quarter valued at approximately $1,654,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of AutoZone during the fourth quarter valued at approximately $738,000. Institutional investors own 96.79% of the company’s stock.
AutoZone, Inc. (NYSE:AZO) traded up 1.77% during trading on Friday, reaching $511.46. 651,303 shares of the company were exchanged. AutoZone, Inc. has a 52-week low of $491.13 and a 52-week high of $818.00. The firm has a market cap of $14.34 billion, a price-to-earnings ratio of 11.81 and a beta of 0.62. The firm has a 50-day moving average of $562.64 and a 200-day moving average of $677.76.
AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, May 23rd. The company reported $11.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $12.00 by $0.56. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.70 billion. AutoZone had a negative return on equity of 70.52% and a net margin of 11.82%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $10.77 earnings per share. On average, equities analysts forecast that AutoZone, Inc. will post $44.01 EPS for the current year.
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Several research firms have recently issued reports on AZO. Cleveland Research cut shares of AutoZone from a “buy” rating to a “neutral” rating in a report on Monday, April 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $810.00 price objective on shares of AutoZone in a report on Tuesday, April 18th. Royal Bank Of Canada decreased their price objective on shares of AutoZone from $829.00 to $753.00 and set a “sector perform” rating for the company in a report on Monday, May 22nd. Citigroup Inc. cut shares of AutoZone from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, May 23rd. Finally, Raymond James Financial, Inc. cut shares of AutoZone from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $775.91.
In other news, Director William Andrew Mckenna acquired 300 shares of the firm’s stock in a transaction that occurred on Thursday, July 13th. The stock was purchased at an average price of $507.00 per share, for a total transaction of $152,100.00. Following the completion of the acquisition, the director now owns 5,131 shares in the company, valued at $2,601,417. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 4,431 shares of the company’s stock, valued at approximately $2,669,677.50. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.
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.
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