LMR Partners LLP Has $1,320,000 Position in AutoZone Inc. (AZO)
LMR Partners LLP boosted its position in AutoZone Inc. (NYSE:AZO) by 15.2% during the second quarter, Holdings Channel reports. The fund owned 1,663 shares of the company’s stock after buying an additional 219 shares during the period. LMR Partners LLP’s holdings in AutoZone were worth $1,320,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB increased its position in shares of AutoZone by 166.3% in the second quarter. Nordea Investment Management AB now owns 757,122 shares of the company’s stock worth $601,034,000 after buying an additional 472,766 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of AutoZone by 181.8% in the first quarter. 1832 Asset Management L.P. now owns 75,637 shares of the company’s stock worth $97,999,000 after buying an additional 48,797 shares in the last quarter. AMF Pensionsforsakring AB bought a new position in shares of AutoZone during the first quarter worth about $30,806,000. Bank of Montreal Can bought a new position in shares of AutoZone during the second quarter worth about $30,594,000. Finally, Calamos Advisors LLC increased its position in shares of AutoZone by 1,141.3% in the second quarter. Calamos Advisors LLC now owns 40,813 shares of the company’s stock worth $32,399,000 after buying an additional 37,525 shares in the last quarter. Institutional investors own 95.55% of the company’s stock.
AutoZone Inc. (NYSE:AZO) traded down 0.21% on Friday, reaching $760.34. 268,695 shares of the company traded hands. The stock has a market capitalization of $22.14 billion, a price-to-earnings ratio of 18.68 and a beta of 0.50. The firm has a 50 day moving average price of $754.04 and a 200 day moving average price of $775.12. AutoZone Inc. has a 52-week low of $681.01 and a 52-week high of $819.54.
AutoZone (NYSE:AZO) last issued its quarterly earnings results on Thursday, September 22nd. The company reported $14.30 EPS for the quarter, topping the consensus estimate of $14.25 by $0.05. AutoZone had a net margin of 11.67% and a negative return on equity of 69.23%. The firm had revenue of $3.40 billion for the quarter. During the same quarter last year, the firm posted $12.75 earnings per share. AutoZone’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts predict that AutoZone Inc. will post $45.46 EPS for the current year.
A number of equities analysts have recently issued reports on AZO shares. Zacks Investment Research downgraded shares of AutoZone from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Susquehanna started coverage on shares of AutoZone in a report on Thursday, August 25th. They issued a “neutral” rating and a $810.00 price target for the company. Morgan Stanley set a $820.00 price target on shares of AutoZone and gave the company a “hold” rating in a report on Thursday, August 11th. Argus reiterated a “buy” rating and issued a $875.00 price target on shares of AutoZone in a report on Sunday, July 10th. Finally, Goldman Sachs Group Inc. set a $841.00 price target on shares of AutoZone and gave the company a “hold” rating in a report on Monday, September 19th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $858.24.
In related news, Director Earl G. Graves, Jr. sold 1,000 shares of AutoZone stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $795.24, for a total value of $795,240.00. Following the transaction, the director now owns 4,127 shares of the company’s stock, valued at approximately $3,281,955.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas B. Newbern sold 16,870 shares of AutoZone stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $799.82, for a total value of $13,492,963.40. Following the completion of the transaction, the insider now directly owns 15,977 shares in the company, valued at approximately $12,778,724.14. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.
AutoZone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).
Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone Inc. (NYSE:AZO).
Receive News & Ratings for AutoZone Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone Inc. and related companies with MarketBeat.com's FREE daily email newsletter.