Suntrust Banks Inc. reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,413 shares of the company’s stock after selling 5 shares during the period. Suntrust Banks Inc.’s holdings in AutoZone were worth $1,083,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AZO. Alpha Windward LLC increased its position in shares of AutoZone by 0.8% in the third quarter. Alpha Windward LLC now owns 242 shares of the company’s stock valued at $186,000 after buying an additional 2 shares during the period. Lakeview Capital Partners LLC increased its position in shares of AutoZone by 1.0% in the second quarter. Lakeview Capital Partners LLC now owns 483 shares of the company’s stock valued at $383,000 after buying an additional 5 shares during the period. Cleararc Capital Inc. increased its position in shares of AutoZone by 0.8% in the second quarter. Cleararc Capital Inc. now owns 743 shares of the company’s stock valued at $590,000 after buying an additional 6 shares during the period. Advisor Partners LLC increased its position in shares of AutoZone by 1.0% in the second quarter. Advisor Partners LLC now owns 723 shares of the company’s stock valued at $574,000 after buying an additional 7 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of AutoZone by 0.4% in the second quarter. Advisors Asset Management Inc. now owns 2,090 shares of the company’s stock valued at $1,659,000 after buying an additional 9 shares during the period. 94.78% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

Shares of AutoZone, Inc. (NYSE:AZO) traded down 1.32% during midday trading on Friday, hitting $779.81. The company had a trading volume of 262,090 shares. The firm has a market capitalization of $22.32 billion, a PE ratio of 18.64 and a beta of 0.62. The company has a 50-day moving average of $794.54 and a 200 day moving average of $775.43. AutoZone, Inc. has a 12 month low of $681.01 and a 12 month high of $819.54.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, December 6th. The company reported $9.36 earnings per share for the quarter, beating the consensus estimate of $9.31 by $0.05. The company earned $2.50 billion during the quarter, compared to the consensus estimate of $2.49 billion. AutoZone had a negative return on equity of 69.22% and a net margin of 11.77%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $8.29 earnings per share. On average, analysts expect that AutoZone, Inc. will post $45.54 EPS for the current fiscal year.

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Several brokerages have commented on AZO. Credit Suisse Group set a $870.00 price objective on AutoZone and gave the company a “buy” rating in a research report on Saturday, September 17th. Atlantic Securities began coverage on AutoZone in a research report on Wednesday, December 14th. They issued a “neutral” rating and a $864.00 price objective on the stock. Wedbush reaffirmed an “outperform” rating on shares of AutoZone in a research report on Tuesday, January 3rd. RBC Capital Markets upped their price objective on AutoZone from $855.00 to $880.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 7th. Finally, TheStreet cut AutoZone from a “buy” rating to a “sell” rating in a report on Wednesday, September 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. AutoZone presently has an average rating of “Buy” and a consensus target price of $868.70.

In other news, insider James C. Griffith sold 660 shares of the firm’s stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $789.79, for a total transaction of $521,261.40. Following the completion of the sale, the insider now directly owns 735 shares in the company, valued at $580,495.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Charles Pleas III sold 5,600 shares of the firm’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $808.75, for a total value of $4,529,000.00. Following the sale, the vice president now owns 9,722 shares of the company’s stock, valued at $7,862,667.50. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

AutoZone Company Profile

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.

5 Day Chart for NYSE:AZO

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