UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $457.05 Million Position in AutoZone, Inc. (NYSE:AZO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,740 shares of the company's stock after acquiring an additional 21,226 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.85% of AutoZone worth $457,053,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Waverly Advisors LLC grew its stake in AutoZone by 25.6% in the 4th quarter. Waverly Advisors LLC now owns 392 shares of the company's stock valued at $1,254,000 after buying an additional 80 shares during the last quarter. Worldquant Millennium Advisors LLC grew its stake in AutoZone by 1.9% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 27,549 shares of the company's stock valued at $88,212,000 after buying an additional 525 shares during the last quarter. Williams Jones Wealth Management LLC. grew its position in AutoZone by 3.1% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 1,038 shares of the company's stock worth $3,324,000 after purchasing an additional 31 shares during the last quarter. Woodline Partners LP acquired a new stake in AutoZone in the 4th quarter worth $3,250,000. Finally, Vident Advisory LLC grew its position in AutoZone by 24.1% in the 4th quarter. Vident Advisory LLC now owns 1,378 shares of the company's stock worth $4,414,000 after purchasing an additional 268 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

Insider Activity at AutoZone

In other AutoZone news, VP Dennis W. Leriche sold 1,575 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was 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 directly owns 50 shares of the company's stock, valued at approximately $177,500. This represents a 76.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,521 shares of company stock valued at $42,177,331 in the last ninety days. Insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

AZO has been the topic of several research analyst reports. Mizuho raised their price target on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Bank of America upgraded shares of AutoZone from a "neutral" rating to a "buy" rating and raised their price target for the stock from $3,900.00 to $4,800.00 in a research report on Wednesday. Wells Fargo & Company set a $4,200.00 price target on shares of AutoZone and gave the stock an "overweight" rating in a research report on Monday, May 19th. Evercore ISI set a $3,950.00 price target on shares of AutoZone in a research report on Monday, May 19th. Finally, Argus lowered shares of AutoZone from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Two equities 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 MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $3,966.76.

AutoZone Trading Down 0.8%

AZO stock traded down $29.62 during trading on Friday, hitting $3,829.63. 151,200 shares of the stock traded hands, compared to its average volume of 128,584. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,916.81. The stock has a market cap of $64.27 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 1.86 and a beta of 0.44. The company has a 50 day simple moving average of $3,687.30 and a 200 day simple moving average of $3,446.78.

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 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 firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. As a group, analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal 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.