Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 6.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,459 shares of the company’s stock after purchasing an additional 83 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in AutoZone were worth $1,494,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. BlackRock Inc. boosted its position in shares of AutoZone by 0.8% during the 4th quarter. BlackRock Inc. now owns 1,884,687 shares of the company’s stock worth $1,580,008,000 after acquiring an additional 14,276 shares in the last quarter. FMR LLC boosted its position in shares of AutoZone by 3.7% during the 4th quarter. FMR LLC now owns 1,403,413 shares of the company’s stock worth $1,176,537,000 after acquiring an additional 49,662 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of AutoZone by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 353,880 shares of the company’s stock worth $296,182,000 after acquiring an additional 14,661 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of AutoZone by 27.8% during the 1st quarter. Janus Henderson Group PLC now owns 333,246 shares of the company’s stock worth $341,286,000 after acquiring an additional 72,455 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of AutoZone by 766.3% during the 4th quarter. Two Sigma Advisers LP now owns 271,957 shares of the company’s stock worth $227,992,000 after acquiring an additional 240,565 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Several research firms recently issued reports on AZO. JPMorgan Chase & Co. increased their price target on shares of AutoZone from $995.00 to $1,126.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Citigroup began coverage on shares of AutoZone in a research report on Monday, April 1st. They set a “buy” rating and a $1,206.00 price target on the stock. Credit Suisse Group set a $1,131.00 target price on shares of 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. Wells Fargo & Co restated an “outperform” rating and issued a $1,050.00 target price (up previously from $940.00) on shares of AutoZone in a research report on Tuesday, February 26th. Finally, ValuEngine upgraded shares of AutoZone from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $994.50.

In other news, Director Earl G. Graves, Jr. sold 250 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $1,038.68, for a total transaction of $259,670.00. Following the completion of the transaction, the director now owns 4,357 shares of the company’s stock, valued at $4,525,528.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Albert Saltiel sold 2,150 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $912.11, for a total transaction of $1,961,036.50. Following the transaction, the vice president now directly owns 2,308 shares of the company’s stock, valued at approximately $2,105,149.88. The disclosure for this sale can be found here. Insiders have sold 10,640 shares of company stock valued at $10,370,907 in the last ninety days. Insiders own 2.80% of the company’s stock.

Shares of AutoZone stock opened at $984.09 on Monday. AutoZone, Inc. has a fifty-two week low of $597.00 and a fifty-two week high of $1,074.67. The company has a market capitalization of $24.49 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 1.32 and a beta of 0.67.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, February 26th. The company reported $11.49 earnings per share for the quarter, beating analysts’ consensus estimates of $9.97 by $1.52. AutoZone had a net margin of 12.49% and a negative return on equity of 98.24%. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the business posted $8.47 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Equities research analysts expect that AutoZone, Inc. will post 61.74 EPS for the current fiscal year.

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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.

Further Reading: How Important is Technical Analysis of Stocks

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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