Robeco Institutional Asset Management B.V. Buys 293 Shares of AutoZone, Inc. (AZO)
Robeco Institutional Asset Management B.V. raised its stake in shares of AutoZone, Inc. (NYSE:AZO) by 68.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 720 shares of the company’s stock after purchasing an additional 293 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in AutoZone were worth $512,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in AZO. Koch Industries Inc. bought a new stake in AutoZone during the second quarter valued at about $297,000. JPMorgan Chase & Co. grew its holdings in AutoZone by 27.8% during the third quarter. JPMorgan Chase & Co. now owns 1,301,355 shares of the company’s stock valued at $764,272,000 after purchasing an additional 282,939 shares during the period. Alyeska Investment Group L.P. bought a new stake in AutoZone during the third quarter valued at about $141,811,000. Ameriprise Financial Inc. grew its holdings in AutoZone by 802.6% during the third quarter. Ameriprise Financial Inc. now owns 236,396 shares of the company’s stock valued at $140,681,000 after purchasing an additional 210,205 shares during the period. Finally, Burgundy Asset Management Ltd. grew its holdings in AutoZone by 47.1% during the second quarter. Burgundy Asset Management Ltd. now owns 590,132 shares of the company’s stock valued at $336,647,000 after purchasing an additional 188,854 shares during the period. 99.00% of the stock is owned by institutional investors and hedge funds.
Shares of AutoZone, Inc. (NYSE AZO) opened at $728.33 on Thursday. The company has a debt-to-equity ratio of -3.27, a current ratio of 0.93 and a quick ratio of 0.14. The company has a market capitalization of $20,379.91, a PE ratio of 16.68, a P/E/G ratio of 1.14 and a beta of 0.74. AutoZone, Inc. has a 52-week low of $491.13 and a 52-week high of $797.89.
Several analysts have issued reports on the company. Zacks Investment Research raised AutoZone from a “hold” rating to a “buy” rating and set a $819.00 price target for the company in a report on Tuesday. Argus boosted their price target on AutoZone from $675.00 to $875.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Stephens set a $840.00 price target on AutoZone and gave the company a “hold” rating in a report on Tuesday, January 16th. Credit Suisse Group set a $790.00 price target on AutoZone and gave the company a “hold” rating in a report on Thursday, January 4th. Finally, Barclays boosted their price target on AutoZone from $710.00 to $800.00 in a report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $747.06.
In related news, insider James C. Griffith sold 1,250 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $794.70, for a total value of $993,375.00. Following the sale, the insider now directly owns 1,353 shares in the company, valued at $1,075,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James C. Griffith sold 1,547 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $783.00, for a total value of $1,211,301.00. The disclosure for this sale can be found here. Insiders sold 96,710 shares of company stock worth $69,098,826 over the last quarter. 2.60% of the stock is owned by company insiders.
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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