Citizens Financial Group Inc RI grew its position in shares of AutoZone, Inc. (NYSE:AZO) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,648 shares of the company’s stock after purchasing an additional 22 shares during the quarter. Citizens Financial Group Inc RI’s holdings in AutoZone were worth $940,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. Fiera Capital Corp boosted its stake in shares of AutoZone by 18.2% during the second quarter. Fiera Capital Corp now owns 470,223 shares of the company’s stock valued at $268,244,000 after purchasing an additional 72,247 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of AutoZone during the second quarter valued at about $457,000. Stephens Inc. AR boosted its stake in shares of AutoZone by 19.6% during the second quarter. Stephens Inc. AR now owns 1,062 shares of the company’s stock valued at $606,000 after purchasing an additional 174 shares in the last quarter. HGK Asset Management Inc. acquired a new stake in shares of AutoZone during the second quarter valued at about $451,000. Finally, Summit Global Investments boosted its stake in shares of AutoZone by 64.1% during the second quarter. Summit Global Investments now owns 1,050 shares of the company’s stock valued at $599,000 after purchasing an additional 410 shares in the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on AZO shares. Royal Bank Of Canada cut their price objective on AutoZone from $829.00 to $753.00 and set a “sector perform” rating on the stock in a research note on Monday, May 22nd. Citigroup Inc. lowered AutoZone from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, May 23rd. Raymond James Financial, Inc. lowered AutoZone from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, May 23rd. Oppenheimer Holdings, Inc. set a $900.00 price objective on AutoZone and gave the stock a “buy” rating in a research note on Tuesday, May 23rd. Finally, Stephens lowered AutoZone from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $776.64.
In related news, VP William T. Giles sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the completion of the transaction, the vice president now owns 18,500 shares of the company’s stock, valued at approximately $10,750,350. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William Andrew Mckenna acquired 300 shares of AutoZone stock in a transaction that occurred on Thursday, July 13th. The shares were bought at an average cost of $507.00 per share, with a total value of $152,100.00. Following the transaction, the director now owns 5,131 shares in the company, valued at $2,601,417. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.
AutoZone, Inc. (NYSE:AZO) traded up 1.7059% during midday trading on Tuesday, hitting $549.5375. The stock had a trading volume of 135,213 shares. The firm’s 50-day moving average price is $527.42 and its 200 day moving average price is $619.77. AutoZone, Inc. has a 12 month low of $491.13 and a 12 month high of $813.70. The company has a market cap of $15.40 billion, a P/E ratio of 12.6940 and a beta of 0.62.
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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