Candriam Luxembourg S.C.A. Has $1.48 Million Holdings in AutoZone, Inc. (AZO)
Candriam Luxembourg S.C.A. cut its stake in AutoZone, Inc. (NYSE:AZO) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,480 shares of the company’s stock after selling 229 shares during the period. Candriam Luxembourg S.C.A.’s holdings in AutoZone were worth $1,476,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fieldpoint Private Securities LLC acquired a new position in AutoZone in the 2nd quarter valued at $114,000. Alpha Windward LLC raised its holdings in shares of AutoZone by 3.2% during the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock worth $148,000 after buying an additional 8 shares in the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of AutoZone by 3.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after buying an additional 9 shares in the last quarter. Global X Management Co. LLC raised its holdings in shares of AutoZone by 12.9% during the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock worth $184,000 after buying an additional 37 shares in the last quarter. Finally, Wesbanco Bank Inc. raised its holdings in shares of AutoZone by 17.7% during the 2nd quarter. Wesbanco Bank Inc. now owns 365 shares of the company’s stock worth $208,000 after buying an additional 55 shares in the last quarter. 98.25% of the stock is owned by hedge funds and other institutional investors.
AZO has been the subject of a number of research analyst reports. Bank of America Corporation reissued a “buy” rating and set a $625.00 price target on shares of AutoZone in a report on Tuesday, September 5th. Citigroup Inc. reissued a “buy” rating and set a $700.00 price target on shares of AutoZone in a report on Wednesday, September 20th. Zacks Investment Research raised AutoZone from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Credit Suisse Group set a $640.00 price target on AutoZone and gave the stock a “buy” rating in a report on Wednesday, November 1st. Finally, UBS AG reissued a “buy” rating and set a $655.00 price target (down previously from $725.00) on shares of AutoZone in a report on Wednesday, September 20th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. AutoZone has a consensus rating of “Hold” and an average price target of $724.45.
In related news, Director William Andrew Mckenna sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the sale, the director now owns 8,131 shares in the company, valued at approximately $4,756,309.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by corporate insiders.
Shares of AutoZone, Inc. (NYSE AZO) opened at $629.43 on Friday. AutoZone, Inc. has a 52-week low of $491.13 and a 52-week high of $813.70. The company has a debt-to-equity ratio of -3.56, a quick ratio of 0.15 and a current ratio of 0.97. The company has a market capitalization of $16,750.00, a PE ratio of 13.79, a P/E/G ratio of 1.12 and a beta of 0.65.
AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, September 19th. The company reported $15.18 EPS for the quarter, beating the consensus estimate of $15.11 by $0.07. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the prior year, the company earned $14.30 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. research analysts forecast that AutoZone, Inc. will post 46.78 earnings per share for the current year.
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.
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