UBS Asset Management Americas Inc. Reduces Holdings in AutoZone, Inc. (AZO)
UBS Asset Management Americas Inc. decreased its holdings in AutoZone, Inc. (NYSE:AZO) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,275 shares of the company’s stock after selling 5,963 shares during the period. UBS Asset Management Americas Inc. owned about 0.38% of AutoZone worth $60,055,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of the business. Trilogy Global Advisors LP grew its stake in shares of AutoZone by 6.2% in the second quarter. Trilogy Global Advisors LP now owns 39,487 shares of the company’s stock worth $22,525,000 after acquiring an additional 2,296 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of AutoZone by 43.9% in the second quarter. Lazard Asset Management LLC now owns 327,453 shares of the company’s stock worth $186,798,000 after acquiring an additional 99,916 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in shares of AutoZone by 10.8% in the second quarter. Mutual of America Capital Management LLC now owns 4,996 shares of the company’s stock worth $2,850,000 after acquiring an additional 488 shares in the last quarter. Investec Asset Management LTD acquired a new position in shares of AutoZone in the second quarter worth $6,212,000. Finally, Accident Compensation Corp grew its stake in shares of AutoZone by 5.4% in the second quarter. Accident Compensation Corp now owns 7,816 shares of the company’s stock worth $4,459,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 96.08% of the company’s stock.
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In related news, Director William Andrew Mckenna acquired 300 shares of the firm’s stock in a transaction on Thursday, July 13th. The stock was bought at an average cost of $507.00 per share, with a total value of $152,100.00. Following the acquisition, the director now directly owns 5,131 shares in the company, valued at $2,601,417. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP William T. Giles sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the transaction, the vice president now directly owns 18,500 shares of the company’s stock, valued at $10,750,350. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.
Several equities analysts have commented on the stock. ValuEngine downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Wedbush downgraded shares of AutoZone from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $660.00 to $650.00 in a research note on Tuesday, May 30th. Goldman Sachs Group, Inc. (The) upgraded shares of AutoZone from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $615.62 to $662.00 in a research note on Tuesday, May 30th. They noted that the move was a valuation call. TheStreet upgraded shares of AutoZone from a “d+” rating to a “c” rating in a research note on Wednesday, June 7th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of AutoZone in a research note on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. AutoZone presently has an average rating of “Hold” and an average target price of $747.27.
Shares of AutoZone, Inc. (NYSE:AZO) opened at 574.03 on Friday. The stock has a market capitalization of $15.98 billion, a PE ratio of 13.03 and a beta of 0.62. 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 $534.42 and a 200-day moving average of $611.55.
AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $15.11 by $0.07. The company had revenue of $3.51 billion during the quarter, compared to analyst estimates 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 period last year, the business earned $14.30 EPS. On average, equities research analysts expect that AutoZone, Inc. will post $47.03 EPS for the current fiscal year.
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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