Quantinno Capital Management LP Raises Stake in AutoZone, Inc. (NYSE:AZO)

Quantinno Capital Management LP boosted its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 16.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,900 shares of the company's stock after purchasing an additional 708 shares during the quarter. Quantinno Capital Management LP's holdings in AutoZone were worth $15,691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of AutoZone during the fourth quarter valued at about $29,000. Flagship Wealth Advisors LLC purchased a new stake in AutoZone in the fourth quarter valued at approximately $32,000. Harbour Investments Inc. increased its stake in shares of AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after acquiring an additional 3 shares during the period. Minot DeBlois Advisors LLC acquired a new position in shares of AutoZone in the 4th quarter valued at about $45,000. Finally, Itau Unibanco Holding S.A. boosted its position in 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 purchasing an additional 15 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on AZO. DA Davidson upgraded AutoZone from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $3,500.00 to $4,192.00 in a report on Friday, March 21st. Roth Capital set a $3,763.00 target price on shares of AutoZone in a research note on Wednesday, March 5th. The Goldman Sachs Group raised shares of AutoZone from a "sell" rating to a "neutral" rating and raised their target price for the company from $3,044.00 to $3,811.00 in a report on Tuesday, April 1st. Mizuho increased their price objective on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Finally, StockNews.com raised shares of AutoZone from a "hold" rating to a "buy" rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $3,821.91.

AutoZone Trading Down 0.5%

Shares of AZO opened at $3,645.65 on Wednesday. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,916.81. The firm has a market capitalization of $61.18 billion, a P/E ratio of 24.36, a PEG ratio of 1.86 and a beta of 0.44. The firm's 50-day moving average is $3,652.18 and its two-hundred day moving average is $3,406.74.

AutoZone (NYSE:AZO - Get Free Report) last announced its earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. Analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Insider Transactions at AutoZone

In other news, VP Domingo Hurtado sold 4,800 shares of the company'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 completion of the sale, the vice president now directly owns 159 shares in the company, valued at $581,940. This represents a 96.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 value of $568,000.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 11,521 shares of company stock worth $42,177,331 over the last quarter. 2.10% of the stock is currently owned by insiders.

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.

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