Trexquant Investment LP bought a new stake in shares of AutoZone, Inc. (NYSE:AZO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,948 shares of the company’s stock, valued at approximately $1,754,000. AutoZone makes up approximately 0.4% of Trexquant Investment LP’s holdings, making the stock its 28th largest holding.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Fieldpoint Private Securities LLC acquired a new stake in AutoZone during the second quarter valued at approximately $114,000. Salem Investment Counselors Inc. boosted its holdings in AutoZone by 3.5% during the second quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after purchasing an additional 9 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of AutoZone in the 3rd quarter worth approximately $179,000. Global X Management Co. LLC boosted its holdings in shares of AutoZone by 12.9% in the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock worth $184,000 after acquiring an additional 37 shares in the last quarter. Finally, Jarislowsky Fraser Ltd acquired a new position in shares of AutoZone in the 3rd quarter worth approximately $202,000. Institutional investors own 98.89% of the company’s stock.
AutoZone, Inc. (AZO) opened at $712.76 on Wednesday. The stock has a market cap of $19,513.37, a price-to-earnings ratio of 16.11, a PEG ratio of 1.31 and a beta of 0.72. The company has a debt-to-equity ratio of -3.56, a current ratio of 0.97 and a quick ratio of 0.15. AutoZone, Inc. has a fifty-two week low of $491.13 and a fifty-two week high of $813.70.
AZO has been the topic of several recent analyst reports. Robert W. Baird reissued a “hold” rating and issued a $590.00 target price on shares of AutoZone in a report on Friday, October 27th. Bank of America reissued a “buy” rating and issued a $625.00 target price on shares of AutoZone in a report on Tuesday, September 5th. Zacks Investment Research upgraded shares of AutoZone from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Credit Suisse Group set a $640.00 price objective on shares of AutoZone and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Raymond James Financial restated a “hold” rating on shares of AutoZone in a research report on Saturday. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. AutoZone currently has an average rating of “Hold” and an average target price of $735.20.
In other news, Director William Andrew Mckenna sold 3,000 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the completion of the transaction, the director now directly owns 8,131 shares in the company, valued at approximately $4,756,309.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.80% of the company’s stock.
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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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