Cambridge Investment Research Advisors Inc. acquired a new stake in shares of AutoZone, Inc. (NYSE:AZO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,345 shares of the company’s stock, valued at approximately $767,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of AutoZone by 27.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,925 shares of the company’s stock worth $3,380,000 after acquiring an additional 1,277 shares during the last quarter. Tobam acquired a new position in shares of AutoZone in the second quarter worth $3,912,000. Pacer Advisors Inc. increased its stake in shares of AutoZone by 5.7% in the second quarter. Pacer Advisors Inc. now owns 536 shares of the company’s stock worth $306,000 after acquiring an additional 29 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of AutoZone by 18.3% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 7,033 shares of the company’s stock worth $4,012,000 after acquiring an additional 1,089 shares during the last quarter. Finally, Airain ltd increased its stake in shares of AutoZone by 279.9% in the second quarter. Airain ltd now owns 28,069 shares of the company’s stock worth $16,012,000 after acquiring an additional 20,680 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.
In related news, VP William T. Giles sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total value of $5,811,000.00. Following the completion of the sale, the vice president now directly owns 18,500 shares of the company’s stock, valued at approximately $10,750,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Andrew Mckenna acquired 300 shares of the business’s stock in a transaction on Thursday, July 13th. The shares were bought at an average cost of $507.00 per share, with a total value 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 disclosure for this purchase can be found here. 2.60% of the stock is owned by corporate insiders.
Several research firms have commented on AZO. Deutsche Bank AG reaffirmed a “hold” rating and issued a $550.00 price target (down from $650.00) on shares of AutoZone in a research report on Friday, July 21st. Wedbush reaffirmed a “neutral” rating on shares of AutoZone in a research report on Thursday, July 6th. BidaskClub upgraded shares of AutoZone from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. BTIG Research reiterated a “buy” rating and issued a $825.00 target price on shares of AutoZone in a research note on Wednesday, May 24th. Finally, Oppenheimer Holdings, Inc. reduced their target price on shares of AutoZone and set an “outperform” rating for the company in a research note on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $776.64.
Shares of AutoZone, Inc. (NYSE:AZO) opened at 565.81 on Friday. The firm has a market cap of $15.86 billion, a price-to-earnings ratio of 13.07 and a beta of 0.62. AutoZone, Inc. has a 12-month low of $491.13 and a 12-month high of $813.70. The firm’s 50-day moving average is $532.34 and its 200-day moving average is $617.15.
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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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