Janus Henderson Group PLC Sells 21,910 Shares of AutoZone, Inc. (NYSE:AZO)

Janus Henderson Group PLC trimmed its stake in AutoZone, Inc. (NYSE:AZO) by 6.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 311,336 shares of the company’s stock after selling 21,910 shares during the quarter. Janus Henderson Group PLC owned 1.27% of AutoZone worth $342,297,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC lifted its holdings in shares of AutoZone by 13.6% during the second quarter. Atlas Capital Advisors LLC now owns 75 shares of the company’s stock valued at $82,000 after purchasing an additional 9 shares in the last quarter. Berman Capital Advisors LLC lifted its holdings in shares of AutoZone by 30.3% during the first quarter. Berman Capital Advisors LLC now owns 43 shares of the company’s stock valued at $44,000 after purchasing an additional 10 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of AutoZone by 5.6% during the second quarter. Flagship Harbor Advisors LLC now owns 190 shares of the company’s stock valued at $208,000 after purchasing an additional 10 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of AutoZone by 2.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 350 shares of the company’s stock valued at $385,000 after purchasing an additional 10 shares in the last quarter. Finally, Advantage Investment Management LLC lifted its holdings in shares of AutoZone by 46.4% during the second quarter. Advantage Investment Management LLC now owns 41 shares of the company’s stock valued at $45,000 after purchasing an additional 13 shares in the last quarter. 95.92% of the stock is currently owned by institutional investors and hedge funds.

AutoZone stock traded up $11.21 during mid-day trading on Tuesday, reaching $1,083.87. 5,848 shares of the stock traded hands, compared to its average volume of 231,830. The firm has a market capitalization of $26.70 billion, a PE ratio of 21.48, a PEG ratio of 1.43 and a beta of 0.65. AutoZone, Inc. has a 12-month low of $705.01 and a 12-month high of $1,186.60. The firm’s 50-day simple moving average is $1,127.52.



AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, May 21st. The company reported $15.99 EPS for the quarter, beating analysts’ consensus estimates of $15.23 by $0.76. The company had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.77 billion. AutoZone had a negative return on equity of 97.19% and a net margin of 12.70%. AutoZone’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $13.42 earnings per share. Sell-side analysts forecast that AutoZone, Inc. will post 62.51 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on AZO. Oppenheimer raised AutoZone from a “market perform” rating to an “outperform” rating and upped their price target for the company from $900.00 to $1,225.00 in a report on Friday, June 28th. Wedbush reaffirmed an “outperform” rating and set a $1,100.00 price target (up from $1,030.00) on shares of AutoZone in a report on Wednesday, May 22nd. Zacks Investment Research upgraded AutoZone from a “hold” rating to a “buy” rating and set a $1,156.00 price objective for the company in a research report on Friday, June 7th. JPMorgan Chase & Co. upped their price objective on AutoZone from $995.00 to $1,126.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Credit Suisse Group set a $1,131.00 price objective on AutoZone and gave the company a “positive” rating in a research report on Tuesday, April 23rd. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $1,061.25.

In other AutoZone news, insider Albert Saltiel sold 1,800 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $1,114.09, for a total value of $2,005,362.00. Following the completion of the sale, the insider now owns 1,965 shares in the company, valued at $2,189,186.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Domingo Hurtado sold 1,050 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $1,132.52, for a total value of $1,189,146.00. Following the completion of the sale, the insider now owns 1,050 shares of the company’s stock, valued at approximately $1,189,146. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,907 shares of company stock valued at $35,293,228. Company insiders own 2.80% of the company’s stock.

AutoZone Company 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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