Prime Capital Investment Advisors LLC bought a new stake in shares of AutoZone, Inc. (NYSE:AZO) during the third quarter, Holdings Channel reports. The fund bought 45 shares of the company’s stock, valued at approximately $49,000.

Several other large investors have also made changes to their positions in AZO. Aperio Group LLC raised its stake in AutoZone by 24.6% in the 2nd quarter. Aperio Group LLC now owns 36,776 shares of the company’s stock valued at $40,434,000 after purchasing an additional 7,252 shares during the last quarter. OLD National Bancorp IN increased its stake in shares of AutoZone by 61.3% in the 2nd quarter. OLD National Bancorp IN now owns 755 shares of the company’s stock worth $830,000 after acquiring an additional 287 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of AutoZone by 9.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 110,967 shares of the company’s stock worth $122,005,000 after acquiring an additional 9,269 shares during the last quarter. Bank of Montreal Can increased its stake in shares of AutoZone by 136.1% in the 2nd quarter. Bank of Montreal Can now owns 261,742 shares of the company’s stock worth $287,776,000 after acquiring an additional 150,870 shares during the last quarter. Finally, Carlson Capital L P increased its stake in shares of AutoZone by 10.4% in the 2nd quarter. Carlson Capital L P now owns 15,182 shares of the company’s stock worth $16,692,000 after acquiring an additional 1,431 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Shares of NYSE:AZO opened at $1,171.13 on Thursday. The business has a 50-day moving average price of $1,110.65 and a 200 day moving average price of $1,098.11. The company has a market capitalization of $28.05 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 1.48 and a beta of 0.62. AutoZone, Inc. has a 12-month low of $793.06 and a 12-month high of $1,186.60.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $22.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $21.80 by $0.79. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.93 billion. AutoZone had a negative return on equity of 98.67% and a net margin of 13.63%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the company earned $18.54 EPS. On average, sell-side analysts expect that AutoZone, Inc. will post 65.39 EPS for the current year.

A number of analysts have issued reports on AZO shares. Royal Bank of Canada raised their target price on AutoZone from $1,091.00 to $1,097.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 25th. Citigroup raised their target price on AutoZone from $1,357.00 to $1,363.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Raymond James started coverage on AutoZone in a research note on Monday, October 7th. They issued an “outperform” rating and a $1,250.00 target price for the company. Nomura started coverage on AutoZone in a research note on Thursday, November 7th. They issued a “buy” rating and a $1,250.00 target price for the company. Finally, Morgan Stanley raised their target price on AutoZone from $1,050.00 to $1,100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $1,142.71.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company 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. Its 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, starters and alternators, thermostats, and water pumps.

Further Reading: Stock Symbols and CUSIP Explained

Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone, Inc. (NYSE:AZO).

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.