Aberdeen Asset Management PLC UK increased its holdings in AutoZone, Inc. (NYSE:AZO) by 6.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,716 shares of the company’s stock after purchasing an additional 393 shares during the period. Aberdeen Asset Management PLC UK’s holdings in AutoZone were worth $3,832,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Strs Ohio boosted its stake in AutoZone by 1.1% during the first quarter. Strs Ohio now owns 1,135 shares of the company’s stock worth $820,000 after buying an additional 12 shares during the period. First Trust Advisors LP boosted its stake in AutoZone by 126.8% during the first quarter. First Trust Advisors LP now owns 10,932 shares of the company’s stock worth $7,904,000 after buying an additional 6,111 shares during the period. UBS Asset Management Americas Inc. boosted its stake in AutoZone by 5.4% during the first quarter. UBS Asset Management Americas Inc. now owns 111,238 shares of the company’s stock worth $80,431,000 after buying an additional 5,695 shares during the period. Virginia Retirement Systems ET AL boosted its stake in AutoZone by 11.5% during the first quarter. Virginia Retirement Systems ET AL now owns 39,800 shares of the company’s stock worth $28,777,000 after buying an additional 4,100 shares during the period. Finally, Summit Asset Management LLC boosted its stake in AutoZone by 0.9% during the first quarter. Summit Asset Management LLC now owns 1,934 shares of the company’s stock worth $1,398,000 after buying an additional 18 shares during the period. Institutional investors own 96.06% of the company’s stock.

Shares of AutoZone, Inc. (NYSE AZO) opened at 569.89 on Friday. 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 price of $533.51 and a 200 day moving average price of $615.92. The company has a market capitalization of $15.97 billion, a P/E ratio of 13.16 and a beta of 0.62.

AZO has been the subject of several recent analyst reports. Oppenheimer Holdings, Inc. dropped their price objective on shares of AutoZone and set an “outperform” rating for the company in a research note on Thursday, July 20th. ValuEngine raised shares of AutoZone from a “hold” rating to a “buy” rating in a research note on Wednesday, May 24th. Deutsche Bank AG dropped their price objective on shares of AutoZone from $800.00 to $650.00 and set a “hold” rating for the company in a research note on Thursday, May 25th. Citigroup Inc. dropped their price objective on shares of AutoZone from $920.00 to $750.00 and set a “buy” rating for the company in a research note on Thursday, May 25th. Finally, Morgan Stanley lowered shares of AutoZone from an “overweight” rating to an “equal weight” rating in a research note on Thursday, July 6th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $776.64.

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In other news, Director William Andrew Mckenna bought 300 shares of the stock in a transaction that occurred on Thursday, July 13th. The stock was bought at an average cost of $507.00 per share, for a total transaction of $152,100.00. Following the acquisition, the director now directly owns 5,131 shares of the company’s stock, valued at approximately $2,601,417. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP William T. Giles sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total value of $5,811,000.00. Following the transaction, the vice president now owns 18,500 shares of the company’s stock, valued at $10,750,350. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

AutoZone 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.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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