AutoZone, Inc. (NYSE:AZO) Position Reduced by Trexquant Investment LP

Trexquant Investment LP reduced its position in shares of AutoZone, Inc. (NYSE:AZO) by 85.6% in the first quarter, Holdings Channel reports. The institutional investor owned 1,651 shares of the company’s stock after selling 9,849 shares during the quarter. Trexquant Investment LP’s holdings in AutoZone were worth $1,691,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. W.E. Donoghue & Co. LLC bought a new position in AutoZone in the 1st quarter worth $2,900,000. FMR LLC raised its holdings in AutoZone by 3.7% in the 4th quarter. FMR LLC now owns 1,403,413 shares of the company’s stock worth $1,176,537,000 after purchasing an additional 49,662 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in AutoZone in the 1st quarter worth $4,822,000. Canada Pension Plan Investment Board raised its holdings in AutoZone by 67.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 48,110 shares of the company’s stock worth $40,329,000 after purchasing an additional 19,347 shares in the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC raised its holdings in AutoZone by 24.0% in the 4th quarter. Worldquant Millennium Quantitative Strategies LLC now owns 7,965 shares of the company’s stock worth $6,677,000 after purchasing an additional 1,544 shares in the last quarter. Institutional investors own 92.98% of the company’s stock.

AZO stock traded down $2.65 during trading on Friday, hitting $1,111.30. 76,487 shares of the stock traded hands, compared to its average volume of 328,107. AutoZone, Inc. has a 1 year low of $662.17 and a 1 year high of $1,120.00. The company has a market capitalization of $27.15 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.45 and a beta of 0.64.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, May 21st. The company reported $15.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $15.23 by $0.76. The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.77 billion. AutoZone had a net margin of 12.70% and a negative return on equity of 97.19%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $13.42 EPS. As a group, analysts anticipate that AutoZone, Inc. will post 62.53 EPS for the current year.

AZO has been the topic of a number of recent research reports. Credit Suisse Group reaffirmed a “hold” rating on shares of AutoZone in a research report on Wednesday, February 20th. Bank of America raised shares of AutoZone from a “neutral” rating to a “buy” rating in a research report on Monday, March 11th. Morgan Stanley upped their target price on shares of AutoZone from $900.00 to $980.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 27th. Evercore ISI initiated coverage on shares of AutoZone in a research report on Wednesday, March 20th. They issued an “in-line” rating and a $1,030.00 target price on the stock. Finally, Deutsche Bank upped their target price on shares of AutoZone from $960.00 to $1,035.00 and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. AutoZone currently has a consensus rating of “Buy” and an average price target of $1,017.31.

In other AutoZone news, insider Albert Saltiel sold 1,800 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $1,114.09, for a total transaction of $2,005,362.00. Following the transaction, the insider now owns 1,965 shares in the company, valued at approximately $2,189,186.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas B. Newbern sold 7,500 shares of the company’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 transaction, the vice president now owns 12,073 shares in the company, valued at approximately $12,023,742.16. The disclosure for this sale can be found here. Insiders have sold a total of 32,237 shares of company stock worth $33,558,782 in the last 90 days. Company insiders own 2.80% of the company’s stock.

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AutoZone Profile

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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