OMERS ADMINISTRATION Corp Has $3.57 Million Stake in AutoZone, Inc. (NYSE:AZO)

OMERS ADMINISTRATION Corp lessened its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 6.5% during the fourth quarter, according to its most recent 13F filing with the 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.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of AutoZone in the 4th quarter worth $29,000. Flagship Wealth Advisors LLC bought a new stake in shares of AutoZone in the 4th quarter worth $32,000. Harbour Investments Inc. grew its holdings in shares of AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after acquiring an additional 3 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new position in shares of AutoZone in the 4th quarter worth $45,000. Finally, Itau Unibanco Holding S.A. grew its holdings in shares of AutoZone by 750.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company's stock worth $54,000 after acquiring an additional 15 shares during the last quarter. Institutional investors own 92.74% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Argus cut AutoZone from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Wedbush restated an "outperform" rating and issued a $3,700.00 target price on shares of AutoZone in a report on Wednesday, March 5th. DA Davidson upgraded AutoZone from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $3,500.00 to $4,192.00 in a report on Friday, March 21st. Mizuho lifted their target price on AutoZone from $3,600.00 to $3,740.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Finally, UBS Group lifted their target price on AutoZone from $3,875.00 to $4,025.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $3,821.91.

AutoZone Stock Performance

Shares of NYSE AZO traded up $21.61 during trading hours on Friday, hitting $3,779.98. The stock had a trading volume of 161,315 shares, compared to its average volume of 130,553. The company has a market capitalization of $63.44 billion, a P/E ratio of 25.25, a P/E/G ratio of 1.86 and a beta of 0.44. The firm's 50-day moving average price is $3,658.37 and its two-hundred day moving average price is $3,417.80. 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 released 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 net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. As a group, analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Insider Activity at AutoZone

In other AutoZone news, SVP Bailey L. Childress sold 160 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the transaction, the senior vice president now owns 50 shares of the company's stock, valued at $177,500. The trade was a 76.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Domingo Hurtado sold 4,800 shares of the business's stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the transaction, the vice president now directly owns 159 shares of the company's stock, valued at approximately $581,940. This represents a 96.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,521 shares of company stock valued at $42,177,331. Insiders own 2.10% of the company's stock.

AutoZone Profile

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.