OMERS ADMINISTRATION Corp Sells 78 Shares of AutoZone, Inc. (NYSE:AZO)

OMERS ADMINISTRATION Corp reduced its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,116 shares of the company's stock after selling 78 shares during the period. OMERS ADMINISTRATION Corp's holdings in AutoZone were worth $3,573,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AZO. Proficio Capital Partners LLC lifted its holdings in AutoZone by 482,040.2% in the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company's stock valued at $1,343,117,000 after buying an additional 419,375 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of AutoZone by 5.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 324,616 shares of the company's stock valued at $1,039,421,000 after acquiring an additional 17,518 shares during the period. Norges Bank bought a new position in AutoZone in the 4th quarter worth approximately $834,556,000. PineStone Asset Management Inc. raised its position in shares of AutoZone by 6.9% during the 4th quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company's stock valued at $683,867,000 after buying an additional 13,771 shares in the last quarter. Finally, Deutsche Bank AG raised its position in AutoZone by 14.6% in the 4th quarter. Deutsche Bank AG now owns 204,822 shares of the company's stock worth $655,840,000 after purchasing an additional 26,036 shares during the period. Institutional investors own 92.74% of the company's stock.

Insider Buying and Selling

In other news, VP Richard Craig Smith sold 2,850 shares of AutoZone stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the transaction, the vice president now directly owns 2,924 shares of the company's stock, valued at $10,555,640. This trade represents a 49.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Domingo Hurtado sold 4,800 shares of AutoZone stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the completion of the sale, the vice president now owns 159 shares of the company's stock, valued at $581,940. This trade represents a 96.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,521 shares of company stock valued at $42,177,331 in the last quarter. Company insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AZO. The Goldman Sachs Group upgraded shares of AutoZone from a "sell" rating to a "neutral" rating and upped their target price for the stock from $3,044.00 to $3,811.00 in a research note on Tuesday, April 1st. BMO Capital Markets raised their price objective on AutoZone from $3,700.00 to $3,850.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Raymond James restated a "strong-buy" rating on shares of AutoZone in a report on Wednesday, March 5th. Argus lowered shares of AutoZone from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, Roth Capital set a $3,763.00 price objective on shares of AutoZone in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $3,837.82.

AutoZone Stock Performance

Shares of AZO stock traded up $72.58 on Monday, hitting $3,859.00. The stock had a trading volume of 47,486 shares, compared to its average volume of 130,000. The firm has a market capitalization of $64.76 billion, a price-to-earnings ratio of 25.74, a P/E/G ratio of 1.86 and a beta of 0.44. The stock's 50 day moving average is $3,658.37 and its 200-day moving average is $3,423.45. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $3.98 billion. Equities analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides 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.