CI Investments Inc. purchased a new stake in shares of AutoZone, Inc. (NYSE:AZO) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 20,178 shares of the company’s stock, valued at approximately $12,008,000. CI Investments Inc. owned about 0.07% of AutoZone as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Fieldpoint Private Securities LLC purchased a new stake in AutoZone during the 2nd quarter valued at about $114,000. Alpha Windward LLC boosted its stake in shares of AutoZone by 3.2% in the second quarter. Alpha Windward LLC now owns 259 shares of the company’s stock worth $148,000 after buying an additional 8 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in shares of AutoZone by 3.5% in the second quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after buying an additional 9 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of AutoZone by 12.9% in the second quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock worth $184,000 after buying an additional 37 shares during the last quarter. Finally, Jarislowsky Fraser Ltd purchased a new stake in shares of AutoZone in the third quarter worth about $202,000. Institutional investors and hedge funds own 98.25% of the company’s stock.

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AZO has been the topic of a number of recent research reports. Royal Bank Of Canada lowered their target price on AutoZone from $577.00 to $571.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 20th. Zacks Investment Research downgraded AutoZone from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. UBS AG restated a “buy” rating and issued a $655.00 target price (down previously from $725.00) on shares of AutoZone in a research note on Wednesday, September 20th. Robert W. Baird restated a “hold” rating and issued a $590.00 target price on shares of AutoZone in a research note on Friday, October 27th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $583.00 target price (down previously from $658.00) on shares of AutoZone in a research note on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. AutoZone presently has a consensus rating of “Hold” and an average price target of $724.45.

In related news, Director William Andrew Mckenna sold 3,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $584.96, for a total value of $1,754,880.00. Following the completion of the sale, the director now owns 8,131 shares of the company’s stock, valued at $4,756,309.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.80% of the stock is currently owned by company insiders.

AutoZone, Inc. (NYSE AZO) traded down $2.80 during trading hours on Tuesday, hitting $595.26. The company had a trading volume of 359,900 shares, compared to its average volume of 457,273. AutoZone, Inc. has a 12-month low of $491.13 and a 12-month high of $813.70. The company has a debt-to-equity ratio of -3.56, a quick ratio of 0.15 and a current ratio of 0.97. The firm has a market capitalization of $16,442.18, a PE ratio of 13.57, a PEG ratio of 1.10 and a beta of 0.65.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, September 19th. The company reported $15.18 EPS for the quarter, beating the consensus estimate of $15.11 by $0.07. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The firm had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter last year, the firm earned $14.30 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. sell-side analysts forecast that AutoZone, Inc. will post 46.78 EPS for the current year.

AutoZone 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.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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