AutoZone, Inc. (AZO) Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC lifted its stake in AutoZone, Inc. (NYSE:AZO) by 80.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 153 shares of the company’s stock after purchasing an additional 68 shares during the period. Quadrant Capital Group LLC’s holdings in AutoZone were worth $154,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Scotia Capital Inc. lifted its position in shares of AutoZone by 1.1% in the 4th quarter. Scotia Capital Inc. now owns 1,112 shares of the company’s stock worth $932,000 after purchasing an additional 12 shares during the period. Nuveen Asset Management LLC increased its stake in shares of AutoZone by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 1,574 shares of the company’s stock worth $1,320,000 after acquiring an additional 15 shares in the last quarter. Tompkins Financial Corp increased its stake in shares of AutoZone by 9.4% in the 1st quarter. Tompkins Financial Corp now owns 221 shares of the company’s stock worth $171,000 after acquiring an additional 19 shares in the last quarter. Great Lakes Advisors LLC increased its stake in shares of AutoZone by 1.0% in the 3rd quarter. Great Lakes Advisors LLC now owns 2,037 shares of the company’s stock worth $1,580,000 after acquiring an additional 20 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its stake in shares of AutoZone by 0.5% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 4,081 shares of the company’s stock worth $3,421,000 after acquiring an additional 22 shares in the last quarter. 95.22% of the stock is owned by hedge funds and other institutional investors.

In other AutoZone news, VP Albert Saltiel sold 2,150 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $912.11, for a total transaction of $1,961,036.50. Following the completion of the sale, the vice president now directly owns 2,308 shares in the company, valued at approximately $2,105,149.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Thomas B. Newbern sold 7,500 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $995.92, for a total transaction of $7,469,400.00. Following the sale, the vice president now owns 12,073 shares of the company’s stock, valued at $12,023,742.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,640 shares of company stock valued at $10,370,907. 2.80% of the stock is owned by company insiders.

Several research analysts recently issued reports on the stock. Wells Fargo & Co reiterated an “outperform” rating and issued a $1,050.00 price target (up from $940.00) on shares of AutoZone in a research note on Tuesday, February 26th. Zacks Investment Research lowered shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. JPMorgan Chase & Co. increased their price target on shares of AutoZone from $995.00 to $1,126.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Morgan Stanley increased their price target on shares of AutoZone from $900.00 to $980.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 27th. Finally, Evercore ISI assumed coverage on shares of AutoZone in a research note on Wednesday, March 20th. They issued an “in-line” rating and a $1,030.00 price target for the company. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $964.89.

NYSE:AZO opened at $1,033.38 on Friday. The stock has a market cap of $25.59 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 1.38 and a beta of 0.67. AutoZone, Inc. has a fifty-two week low of $597.00 and a fifty-two week high of $1,074.67.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, February 26th. The company reported $11.49 earnings per share for the quarter, beating analysts’ consensus estimates of $9.97 by $1.52. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.45 billion. AutoZone had a net margin of 12.49% and a negative return on equity of 98.24%. AutoZone’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $8.47 EPS. On average, equities research analysts predict that AutoZone, Inc. will post 61.74 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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