Norinchukin Bank The boosted its position in shares of AutoZone, Inc. (NYSE:AZO) by 29.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,629 shares of the company’s stock after buying an additional 1,267 shares during the quarter. Norinchukin Bank The’s holdings in AutoZone were worth $3,350,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nippon Life Insurance Co. grew its position in shares of AutoZone by 0.4% in the second quarter. Nippon Life Insurance Co. now owns 2,022 shares of the company’s stock valued at $1,153,000 after purchasing an additional 8 shares during the period. Cetera Investment Advisers grew its position in shares of AutoZone by 1.1% in the second quarter. Cetera Investment Advisers now owns 730 shares of the company’s stock valued at $417,000 after purchasing an additional 8 shares during the period. Salem Investment Counselors Inc. grew its position in shares of AutoZone by 3.5% in the second quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after purchasing an additional 9 shares during the period. Reliant Investment Management LLC grew its position in shares of AutoZone by 2.1% in the second quarter. Reliant Investment Management LLC now owns 715 shares of the company’s stock valued at $408,000 after purchasing an additional 15 shares during the period. Finally, Bbva Compass Bancshares Inc. grew its position in shares of AutoZone by 5.2% in the second 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. Institutional investors and hedge funds own 98.66% of the company’s stock.

Shares of AutoZone, Inc. (NYSE AZO) traded up $5.84 during mid-day trading on Thursday, reaching $638.24. 421,500 shares of the company’s stock were exchanged, compared to its average volume of 456,985. The company has a quick ratio of 0.15, a current ratio of 0.97 and a debt-to-equity ratio of -3.56. AutoZone, Inc. has a one year low of $491.13 and a one year high of $813.70. The stock has a market capitalization of $17,386.27, a P/E ratio of 14.35, a PEG ratio of 1.16 and a beta of 0.65.

AutoZone (NYSE:AZO) last issued its 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 net margin of 11.76% and a negative return on equity of 74.48%. The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the previous year, the firm earned $14.30 earnings per share. AutoZone’s quarterly revenue was up 3.3% compared to the same quarter last year. analysts anticipate that AutoZone, Inc. will post 46.78 earnings per share for the current fiscal year.

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Several brokerages have recently issued reports on AZO. Zacks Investment Research lowered shares of AutoZone from a “hold” rating to a “sell” rating in a research report on Tuesday. Credit Suisse Group set a $640.00 price target on shares of AutoZone and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Robert W. Baird reissued a “hold” rating and issued a $590.00 price target on shares of AutoZone in a research note on Friday, October 27th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of AutoZone in a research note on Thursday, September 21st. Finally, Stephens reissued a “hold” rating and issued a $550.00 price target (down from $620.00) on shares of AutoZone in a research note on Thursday, September 21st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $724.45.

In other AutoZone news, Director William Andrew Mckenna sold 3,000 shares of AutoZone stock in a transaction dated 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 directly owns 8,131 shares of the company’s stock, valued at $4,756,309.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by insiders.

About AutoZone

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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