Cramer Rosenthal Mcglynn LLC Acquires 34,345 Shares of AutoZone, Inc. (AZO)
Cramer Rosenthal Mcglynn LLC increased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 25.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 167,716 shares of the company’s stock after buying an additional 34,345 shares during the quarter. AutoZone accounts for approximately 1.6% of Cramer Rosenthal Mcglynn LLC’s holdings, making the stock its 9th largest holding. Cramer Rosenthal Mcglynn LLC owned 0.61% of AutoZone worth $99,809,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of AZO. Strs Ohio raised its stake in shares of AutoZone by 7.0% in the 2nd quarter. Strs Ohio now owns 1,215 shares of the company’s stock valued at $693,000 after purchasing an additional 80 shares during the period. Bbva Compass Bancshares Inc. raised its stake in shares of AutoZone by 5.2% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 386 shares of the company’s stock valued at $220,000 after purchasing an additional 19 shares during the period. Rothschild Asset Management Inc. raised its stake in shares of AutoZone by 18.7% in the 2nd quarter. Rothschild Asset Management Inc. now owns 1,278 shares of the company’s stock valued at $729,000 after purchasing an additional 201 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of AutoZone by 317.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 9,175 shares of the company’s stock valued at $5,234,000 after purchasing an additional 6,975 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in shares of AutoZone by 70.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,715 shares of the company’s stock valued at $3,831,000 after purchasing an additional 2,777 shares during the period. 98.89% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director William Andrew Mckenna sold 3,000 shares of AutoZone stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the completion of the transaction, the director now owns 8,131 shares in the company, valued at $4,756,309.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.80% of the company’s stock.
AutoZone, Inc. (AZO) opened at $678.40 on Monday. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $813.70. The company has a current ratio of 0.97, a quick ratio of 0.15 and a debt-to-equity ratio of -3.56. The company has a market capitalization of $18,650.93, a PE ratio of 15.40, a P/E/G ratio of 1.25 and a beta of 0.72.
AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, September 19th. The company reported $15.18 EPS for the quarter, topping analysts’ consensus estimates of $15.11 by $0.07. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter last year, the company posted $14.30 earnings per share. AutoZone’s quarterly revenue was up 3.3% on a year-over-year basis. analysts forecast that AutoZone, Inc. will post 46.78 EPS for the current fiscal year.
Several analysts have issued reports on AZO shares. UBS reissued a “buy” rating and issued a $655.00 price target (down previously from $725.00) on shares of AutoZone in a research note on Wednesday, September 20th. Credit Suisse Group restated a “buy” rating and issued a $583.00 price objective on shares of AutoZone in a report on Wednesday, September 20th. Citigroup restated a “buy” rating and issued a $700.00 price objective on shares of AutoZone in a report on Wednesday, September 20th. Bank of America restated a “buy” rating and issued a $625.00 price objective on shares of AutoZone in a report on Tuesday, September 5th. Finally, Oppenheimer restated a “buy” rating on shares of AutoZone in a report on Thursday, September 21st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $729.20.
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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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