AutoZone, Inc. (AZO) Holdings Trimmed by Voya Investment Management LLC
Voya Investment Management LLC lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,951 shares of the company’s stock after selling 1,235 shares during the quarter. Voya Investment Management LLC owned approximately 0.06% of AutoZone worth $10,241,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. American Beacon Advisors Inc. acquired a new position in AutoZone during the first quarter worth approximately $104,000. Alpha Windward LLC grew its position in shares of AutoZone by 3.2% in the second quarter. Alpha Windward LLC now owns 259 shares of the company’s stock valued at $148,000 after purchasing an additional 8 shares during the last quarter. Colony Group LLC acquired a new position in shares of AutoZone in the first quarter valued at approximately $205,000. Global X Management Co. LLC grew its position in shares of AutoZone by 26.5% in the first quarter. Global X Management Co. LLC now owns 286 shares of the company’s stock valued at $207,000 after purchasing an additional 60 shares during the last quarter. Finally, Copper Rock Capital Partners LLC acquired a new position in shares of AutoZone in the second quarter valued at approximately $284,000. 96.77% of the stock is currently owned by hedge funds and other institutional investors.
AutoZone, Inc. (NYSE AZO) opened at 601.49 on Friday. AutoZone, Inc. has a 12 month low of $491.13 and a 12 month high of $813.70. The company has a 50-day moving average of $554.48 and a 200 day moving average of $600.40. The company has a market cap of $16.74 billion, a PE ratio of 13.65 and a beta of 0.64.
AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $15.11 by $0.07. The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.49 billion. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $14.30 earnings per share. On average, equities analysts forecast that AutoZone, Inc. will post $46.98 earnings per share for the current fiscal year.
In related news, Director William Andrew Mckenna sold 3,000 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 8,131 shares in the company, valued at $4,756,309.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by corporate insiders.
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Several equities analysts have recently commented on AZO shares. Oppenheimer Holdings, Inc. decreased their target price on AutoZone and set an “outperform” rating on the stock in a research report on Thursday, July 20th. Morgan Stanley cut AutoZone from an “overweight” rating to an “equal weight” rating in a research note on Thursday, July 6th. Bank of America Corporation cut AutoZone from a “buy” rating to a “neutral” rating and cut their price target for the company from $750.00 to $575.00 in a research note on Friday, July 7th. Barclays PLC cut their price target on AutoZone from $870.00 to $710.00 and set an “overweight” rating for the company in a research note on Thursday, July 6th. Finally, Wolfe Research cut AutoZone from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $735.85.
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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