Amica Mutual Insurance Co. Has $883,000 Stake in AutoZone, Inc. (AZO)

Amica Mutual Insurance Co. lowered its position in AutoZone, Inc. (NYSE:AZO) by 67.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,241 shares of the company’s stock after selling 2,583 shares during the period. Amica Mutual Insurance Co.’s holdings in AutoZone were worth $883,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. State of Tennessee Treasury Department raised its holdings in shares of AutoZone by 25.9% in the fourth quarter. State of Tennessee Treasury Department now owns 14,677 shares of the company’s stock valued at $10,441,000 after purchasing an additional 3,016 shares during the last quarter. First Republic Investment Management Inc. purchased a new stake in shares of AutoZone in the fourth quarter valued at about $202,000. American International Group Inc. raised its holdings in shares of AutoZone by 11.9% in the fourth quarter. American International Group Inc. now owns 9,351 shares of the company’s stock valued at $6,652,000 after purchasing an additional 994 shares during the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of AutoZone by 14.7% in the fourth quarter. Wetherby Asset Management Inc. now owns 849 shares of the company’s stock valued at $604,000 after purchasing an additional 109 shares during the last quarter. Finally, Virtu Financial LLC raised its holdings in shares of AutoZone by 229.7% in the fourth quarter. Virtu Financial LLC now owns 2,084 shares of the company’s stock valued at $1,482,000 after purchasing an additional 1,452 shares during the last quarter. Institutional investors own 95.03% of the company’s stock.

Shares of AutoZone, Inc. (AZO) opened at $716.88 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27. The stock has a market cap of $19,610.00, a PE ratio of 15.97, a P/E/G ratio of 1.09 and a beta of 0.74. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $797.89.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, topping analysts’ consensus estimates of $9.90 by $0.10. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.54 billion. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $9.36 earnings per share. analysts forecast that AutoZone, Inc. will post 49.64 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of AutoZone from a “hold” rating to a “buy” rating and set a $819.00 target price for the company in a report on Tuesday, February 6th. Jefferies Group reiterated a “hold” rating and issued a $720.00 target price on shares of AutoZone in a report on Wednesday, December 6th. Barclays increased their target price on shares of AutoZone from $710.00 to $800.00 in a report on Thursday, December 7th. Royal Bank of Canada increased their target price on shares of AutoZone and gave the company a “sector perform” rating in a report on Wednesday, December 6th. Finally, Moffett Nathanson initiated coverage on shares of AutoZone in a report on Monday, December 4th. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $747.06.

In other AutoZone news, VP Charles Pleas III sold 10,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $700.00, for a total transaction of $7,000,000.00. Following the completion of the transaction, the vice president now owns 14,377 shares in the company, valued at $10,063,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James C. Griffith sold 3,623 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $698.17, for a total transaction of $2,529,469.91. Following the transaction, the insider now owns 2,016 shares of the company’s stock, valued at approximately $1,407,510.72. The disclosure for this sale can be found here. Insiders have sold 96,710 shares of company stock valued at $69,098,826 in the last quarter. Company insiders own 2.60% of the company’s stock.

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AutoZone Profile

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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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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