Caisse DE Depot ET Placement DU Quebec Has $218.08 Million Position in AutoZone, Inc. (NYSE:AZO)
Caisse DE Depot ET Placement DU Quebec cut its holdings in shares of AutoZone, Inc. (NYSE:AZO – Free Report) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,463 shares of the company’s stock after selling 3,226 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.48% of AutoZone worth $218,077,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Independence Bank of Kentucky bought a new stake in shares of AutoZone in the second quarter worth $25,000. MUFG Americas Holdings Corp raised its position in shares of AutoZone by 166.7% during the third quarter. MUFG Americas Holdings Corp now owns 16 shares of the company’s stock worth $34,000 after acquiring an additional 10 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in shares of AutoZone in the second quarter worth approximately $40,000. HWG Holdings LP bought a new stake in AutoZone in the first quarter valued at approximately $44,000. Finally, State of Wyoming increased its position in AutoZone by 31.3% during the 2nd quarter. State of Wyoming now owns 21 shares of the company’s stock valued at $52,000 after purchasing an additional 5 shares during the period. 90.34% of the stock is owned by institutional investors.
Insider Activity
In related news, VP Albert Saltiel sold 2,245 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $2,595.04, for a total transaction of $5,825,864.80. Following the sale, the vice president now owns 537 shares of the company’s stock, valued at approximately $1,393,536.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Albert Saltiel sold 2,245 shares of AutoZone stock in a transaction on Monday, October 16th. The stock was sold at an average price of $2,595.04, for a total transaction of $5,825,864.80. Following the completion of the sale, the vice president now owns 537 shares of the company’s stock, valued at $1,393,536.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Charles Pleas III sold 3,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $2,717.36, for a total value of $8,152,080.00. Following the completion of the transaction, the vice president now owns 3,416 shares in the company, valued at $9,282,501.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,069 shares of company stock worth $38,803,642. 2.50% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of research firms have recently commented on AZO. Wedbush reaffirmed an “outperform” rating and issued a $2,750.00 price objective on shares of AutoZone in a research note on Wednesday, November 29th. JPMorgan Chase & Co. lifted their target price on AutoZone from $2,950.00 to $2,975.00 and gave the stock an “overweight” rating in a report on Wednesday, September 20th. Raymond James upgraded AutoZone from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $2,850.00 to $3,100.00 in a report on Wednesday. Argus lifted their price objective on shares of AutoZone from $2,775.00 to $2,920.00 and gave the company a “buy” rating in a research note on Thursday, September 21st. Finally, DA Davidson raised their price target on shares of AutoZone from $2,425.00 to $2,500.00 and gave the stock a “neutral” rating in a report on Wednesday, September 20th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,851.50.
Read Our Latest Stock Analysis on AZO
AutoZone Price Performance
Shares of AZO traded down $12.21 during mid-day trading on Friday, hitting $2,620.49. The stock had a trading volume of 110,335 shares, compared to its average volume of 154,601. The firm has a market cap of $46.21 billion, a P/E ratio of 19.02, a PEG ratio of 1.40 and a beta of 0.63. AutoZone, Inc. has a 52 week low of $2,277.88 and a 52 week high of $2,750.00. The business has a fifty day moving average price of $2,587.53 and a 200-day moving average price of $2,519.98.
AutoZone (NYSE:AZO – Get Free Report) last released its quarterly earnings data on Tuesday, December 5th. The company reported $32.55 EPS for the quarter, beating the consensus estimate of $31.57 by $0.98. AutoZone had a net margin of 14.62% and a negative return on equity of 57.23%. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the prior year, the firm earned $27.45 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year. As a group, research analysts expect that AutoZone, Inc. will post 149.52 earnings per share for the current fiscal year.
AutoZone Profile (Free Report)
AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides 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.
Further Reading
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