Strs Ohio cut its holdings in AutoZone, Inc. (NYSE:AZO) by 75.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 342 shares of the company’s stock after selling 1,047 shares during the quarter. Strs Ohio’s holdings in AutoZone were worth $229,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Synovus Financial Corp acquired a new stake in AutoZone during the 1st quarter worth about $135,000. First Interstate Bank raised its holdings in AutoZone by 332.7% during the 2nd quarter. First Interstate Bank now owns 238 shares of the company’s stock worth $160,000 after buying an additional 183 shares during the period. Ledyard National Bank raised its holdings in AutoZone by 62.5% during the 2nd quarter. Ledyard National Bank now owns 260 shares of the company’s stock worth $174,000 after buying an additional 100 shares during the period. Paragon Capital Management Ltd acquired a new stake in AutoZone during the 2nd quarter worth about $201,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in AutoZone during the 2nd quarter worth about $203,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

NYSE:AZO opened at $749.20 on Friday. The company has a debt-to-equity ratio of -3.64, a quick ratio of 0.14 and a current ratio of 0.95. AutoZone, Inc. has a fifty-two week low of $533.00 and a fifty-two week high of $797.89. The stock has a market cap of $20.20 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.01 and a beta of 0.87.

In other AutoZone news, insider Philip B. Daniele sold 740 shares of AutoZone stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $683.54, for a total transaction of $505,819.60. Following the transaction, the insider now owns 1,072 shares of the company’s stock, valued at approximately $732,754.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Albert Saltiel sold 2,150 shares of AutoZone stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $717.90, for a total value of $1,543,485.00. Following the transaction, the insider now directly owns 2,297 shares in the company, valued at approximately $1,649,016.30. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

Several research firms have issued reports on AZO. Wedbush cut their price objective on AutoZone from $750.00 to $680.00 and set an “outperform” rating on the stock in a report on Wednesday, May 23rd. Zacks Investment Research upgraded AutoZone from a “hold” rating to a “buy” rating and set a $860.00 price objective on the stock in a report on Tuesday, August 28th. Credit Suisse Group boosted their price objective on AutoZone from $790.00 to $810.00 and gave the stock an “outperform” rating in a report on Wednesday, September 5th. Royal Bank of Canada cut their price objective on AutoZone to $668.00 and set a “market perform” rating on the stock in a report on Wednesday, May 23rd. Finally, Wells Fargo & Co boosted their price objective on AutoZone from $700.00 to $800.00 and gave the stock an “outperform” rating in a report on Tuesday, June 12th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $759.07.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories. It offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. The company's products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, thermostats, starters and alternators, and water pumps.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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