AutoZone, Inc. (NYSE:AZO) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec cut its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 45.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,132 shares of the company's stock after selling 37,237 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.27% of AutoZone worth $144,513,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. raised its stake in shares of AutoZone by 5.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 61 shares of the company's stock valued at $195,000 after acquiring an additional 3 shares in the last quarter. Sound View Wealth Advisors Group LLC raised its position in AutoZone by 2.0% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company's stock valued at $487,000 after purchasing an additional 3 shares in the last quarter. PDS Planning Inc raised its position in AutoZone by 2.3% during the 4th quarter. PDS Planning Inc now owns 132 shares of the company's stock valued at $423,000 after purchasing an additional 3 shares in the last quarter. Harbour Investments Inc. lifted 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 buying an additional 3 shares during the period. Finally, Meeder Advisory Services Inc. grew its position in shares of AutoZone by 0.8% during the 4th quarter. Meeder Advisory Services Inc. now owns 371 shares of the company's stock worth $1,188,000 after buying an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

Insider Buying and Selling

In other news, VP Domingo Hurtado sold 4,800 shares of the stock in a transaction that occurred 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 owns 159 shares in the company, valued at $581,940. This trade represents a 96.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Dennis W. Leriche sold 1,575 shares of the business's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the completion of the sale, the vice president now directly owns 417 shares of the company's stock, valued at approximately $1,501,200. The trade was a 79.07 % 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. 2.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AZO shares. DA Davidson upgraded shares of AutoZone from a "neutral" rating to a "buy" rating and increased their target price for the stock from $3,500.00 to $4,192.00 in a report on Friday, March 21st. Wedbush reiterated an "outperform" rating and set a $3,700.00 price objective on shares of AutoZone in a research note on Wednesday, March 5th. Roth Capital set a $3,763.00 target price on AutoZone in a report on Wednesday, March 5th. Evercore ISI lifted their price target on AutoZone from $3,525.00 to $3,700.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Finally, Wells Fargo & Company raised their price objective on AutoZone from $3,750.00 to $3,850.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, AutoZone has a consensus rating of "Buy" and an average price target of $3,814.91.

AutoZone Stock Down 0.8 %

Shares of AZO traded down $28.33 during mid-day trading on Tuesday, reaching $3,747.22. The company had a trading volume of 29,677 shares, compared to its average volume of 130,067. The stock has a 50 day moving average of $3,630.81 and a two-hundred day moving average of $3,386.83. The stock has a market capitalization of $62.89 billion, a P/E ratio of 25.03, a PEG ratio of 1.86 and a beta of 0.44. 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 announced its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). The firm had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. On average, sell-side analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

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.