Vident Investment Advisory LLC reduced its position in AutoZone, Inc. (NYSE:AZO) by 16.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,411 shares of the company’s stock after selling 279 shares during the quarter. Vident Investment Advisory LLC’s holdings in AutoZone were worth $947,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Tyers Asset Management LLC increased its holdings in AutoZone by 3.1% in the 2nd quarter. Tyers Asset Management LLC now owns 2,640 shares of the company’s stock valued at $1,771,000 after buying an additional 80 shares during the period. State of Alaska Department of Revenue increased its holdings in AutoZone by 1.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,429 shares of the company’s stock valued at $2,970,000 after buying an additional 81 shares during the period. Stratos Wealth Partners LTD. increased its holdings in AutoZone by 1.7% in the 1st quarter. Stratos Wealth Partners LTD. now owns 5,440 shares of the company’s stock valued at $3,529,000 after buying an additional 89 shares during the period. Oppenheimer & Co. Inc. increased its holdings in AutoZone by 2.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 4,718 shares of the company’s stock valued at $3,165,000 after buying an additional 93 shares during the period. Finally, Ledyard National Bank increased its holdings in AutoZone by 62.5% in the 2nd quarter. Ledyard National Bank now owns 260 shares of the company’s stock valued at $174,000 after buying an additional 100 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:AZO opened at $732.76 on Wednesday. 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 one year low of $533.00 and a one year high of $797.89. The company has a market cap of $19.81 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 0.99 and a beta of 0.87.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, September 18th. The company reported $18.54 EPS for the quarter, topping the consensus estimate of $17.92 by $0.62. AutoZone had a net margin of 12.27% and a negative return on equity of 96.89%. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same period last year, the company earned $15.27 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. analysts expect that AutoZone, Inc. will post 49.8 earnings per share for the current fiscal year.

In related news, insider Philip B. Daniele sold 740 shares of AutoZone stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $683.54, for a total transaction of $505,819.60. Following the sale, the insider now directly owns 1,072 shares in the company, valued at approximately $732,754.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Albert Saltiel sold 2,150 shares of AutoZone stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $717.90, for a total transaction of $1,543,485.00. Following the sale, the insider now owns 2,297 shares in the company, valued at $1,649,016.30. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Several equities analysts have commented on AZO shares. Wells Fargo & Co reissued a “buy” rating and issued a $700.00 target price on shares of AutoZone in a report on Tuesday, May 22nd. Wedbush decreased their target price on shares of AutoZone from $750.00 to $680.00 and set an “outperform” rating on the stock in a report on Wednesday, May 23rd. JPMorgan Chase & Co. decreased their target price on shares of AutoZone from $900.00 to $800.00 and set an “overweight” rating on the stock in a report on Wednesday, May 23rd. Morgan Stanley decreased their price target on shares of AutoZone from $750.00 to $700.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 23rd. Finally, Royal Bank of Canada decreased their price target on shares of AutoZone to $668.00 and set a “market perform” rating on the stock in a report on Wednesday, May 23rd. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $767.45.

AutoZone 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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