AutoZone, Inc. (NYSE:AZO) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 66.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,034 shares of the company’s stock after selling 4,111 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in AutoZone were worth $1,721,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of AZO. Marco Investment Management LLC increased its stake in shares of AutoZone by 0.4% during the fourth quarter. Marco Investment Management LLC now owns 2,682 shares of the company’s stock worth $3,195,000 after buying an additional 10 shares during the period. First Republic Investment Management Inc. increased its stake in shares of AutoZone by 1.1% during the fourth quarter. First Republic Investment Management Inc. now owns 938 shares of the company’s stock worth $1,118,000 after buying an additional 10 shares during the period. Tarbox Family Office Inc. increased its stake in shares of AutoZone by 42.3% during the fourth quarter. Tarbox Family Office Inc. now owns 37 shares of the company’s stock worth $44,000 after buying an additional 11 shares during the period. Assetmark Inc. increased its stake in shares of AutoZone by 4.6% during the fourth quarter. Assetmark Inc. now owns 252 shares of the company’s stock worth $300,000 after buying an additional 11 shares during the period. Finally, Douglas Lane & Associates LLC increased its stake in shares of AutoZone by 2.7% during the first quarter. Douglas Lane & Associates LLC now owns 416 shares of the company’s stock worth $352,000 after buying an additional 11 shares during the period. 91.63% of the stock is currently owned by institutional investors and hedge funds.

AutoZone stock opened at $1,104.47 on Friday. The stock has a market cap of $25.99 billion, a PE ratio of 16.92, a P/E/G ratio of 2.07 and a beta of 0.88. The stock has a 50-day moving average price of $984.81 and a 200 day moving average price of $1,074.09. AutoZone, Inc. has a 52 week low of $684.91 and a 52 week high of $1,274.41.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $12.39 EPS for the quarter, topping analysts’ consensus estimates of $11.75 by $0.64. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.56 billion. AutoZone had a negative return on equity of 95.47% and a net margin of 13.42%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $11.49 EPS. Equities research analysts predict that AutoZone, Inc. will post 61.01 EPS for the current fiscal year.

A number of analysts recently weighed in on AZO shares. Morgan Stanley cut their target price on shares of AutoZone from $1,300.00 to $1,140.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Nomura Instinet increased their price target on shares of AutoZone from $1,031.00 to $1,210.00 and gave the company a “buy” rating in a research note on Wednesday. Credit Suisse Group dropped their price target on shares of AutoZone from $1,350.00 to $1,015.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Nomura Securities dropped their price target on shares of AutoZone from $1,090.00 to $1,031.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Finally, Wolfe Research upgraded shares of AutoZone from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, March 25th. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,184.59.

In other AutoZone news, Director Michael M. Calbert purchased 2,000 shares of the stock in a transaction on Monday, March 16th. The stock was bought at an average price of $886.00 per share, for a total transaction of $1,772,000.00. Following the acquisition, the director now directly owns 835 shares of the company’s stock, valued at $739,810. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is owned by 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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