National Pension Service boosted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 1.2% during the first quarter, HoldingsChannel reports. The fund owned 36,190 shares of the company’s stock after purchasing an additional 414 shares during the quarter. National Pension Service’s holdings in AutoZone were worth $30,617,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Marco Investment Management LLC lifted its stake in shares of AutoZone by 0.4% in the fourth quarter. Marco Investment Management LLC now owns 2,682 shares of the company’s stock worth $3,195,000 after acquiring an additional 10 shares during the period. First Republic Investment Management Inc. lifted its position in shares of AutoZone by 1.1% in the 4th quarter. First Republic Investment Management Inc. now owns 938 shares of the company’s stock worth $1,118,000 after purchasing an additional 10 shares during the period. Assetmark Inc. boosted its stake in shares of AutoZone by 4.6% in the 4th quarter. Assetmark Inc. now owns 252 shares of the company’s stock valued at $300,000 after purchasing an additional 11 shares during the last quarter. Douglas Lane & Associates LLC increased its position in shares of AutoZone by 2.7% during the first quarter. Douglas Lane & Associates LLC now owns 416 shares of the company’s stock worth $352,000 after buying an additional 11 shares during the period. Finally, AIA Investment Management Private Ltd raised its stake in AutoZone by 12.9% during the first quarter. AIA Investment Management Private Ltd now owns 96 shares of the company’s stock worth $81,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 91.75% of the company’s stock.

In other news, VP Philip B. Daniele sold 176 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $1,100.21, for a total value of $193,636.96. Following the completion of the transaction, the vice president now directly owns 247 shares of the company’s stock, valued at $271,751.87. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Kristen C. Wright sold 1,890 shares of AutoZone stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,140.00, for a total value of $2,154,600.00. Following the sale, the vice president now owns 2,137 shares in the company, valued at $2,436,180. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

AZO stock traded down $1.61 during mid-day trading on Friday, reaching $1,101.69. 2,007 shares of the company traded hands, compared to its average volume of 245,363. The firm’s 50 day moving average price is $1,109.36 and its 200 day moving average price is $1,067.85. The stock has a market cap of $25.68 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 1.87 and a beta of 0.91. AutoZone, Inc. has a fifty-two week low of $684.91 and a fifty-two week high of $1,274.41.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, May 26th. The company reported $14.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $13.80 by $0.59. AutoZone had a negative return on equity of 91.18% and a net margin of 12.90%. The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the company earned $15.99 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities analysts predict that AutoZone, Inc. will post 62.52 EPS for the current fiscal year.

A number of analysts have commented on the stock. Credit Suisse Group reaffirmed a “buy” rating on shares of AutoZone in a research report on Wednesday, May 27th. Royal Bank of Canada restated a “sector perform” rating and set a $1,250.00 target price (up previously from $1,119.00) on shares of AutoZone in a research report on Wednesday, May 27th. Nomura Securities lowered their target price on AutoZone from $1,090.00 to $1,031.00 and set a “buy” rating for the company in a report on Monday, April 13th. Wedbush boosted their price target on AutoZone from $1,120.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of AutoZone from $1,190.00 to $1,265.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $1,215.88.

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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