AutoZone, Inc. (NYSE:AZO) Shares Sold by Savant Capital LLC

Savant Capital LLC reduced its position in shares of AutoZone, Inc. (NYSE:AZO) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 781 shares of the company’s stock after selling 10 shares during the period. Savant Capital LLC’s holdings in AutoZone were worth $2,315,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Guardian Capital LP raised its position in shares of AutoZone by 1.3% during the 4th quarter. Guardian Capital LP now owns 301 shares of the company’s stock worth $778,000 after purchasing an additional 4 shares during the period. Quent Capital LLC grew its stake in AutoZone by 4.8% during the 1st quarter. Quent Capital LLC now owns 88 shares of the company’s stock worth $277,000 after buying an additional 4 shares during the last quarter. Mather Group LLC. increased its position in AutoZone by 1.8% in the second quarter. Mather Group LLC. now owns 224 shares of the company’s stock worth $706,000 after buying an additional 4 shares during the period. Conning Inc. lifted its stake in AutoZone by 4.3% in the second quarter. Conning Inc. now owns 98 shares of the company’s stock valued at $290,000 after buying an additional 4 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of AutoZone by 14.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock valued at $95,000 after acquiring an additional 4 shares during the period. 92.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $3,200.00 price objective on shares of AutoZone in a report on Wednesday, July 10th. UBS Group dropped their price target on shares of AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Morgan Stanley reduced their price objective on AutoZone from $3,100.00 to $3,038.00 and set an “overweight” rating for the company in a research report on Wednesday, May 22nd. Citigroup lowered their target price on AutoZone from $3,420.00 to $3,250.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Finally, Oppenheimer reiterated a “market perform” rating and set a $2,600.00 price target on shares of AutoZone in a research report on Wednesday, June 26th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3,112.71.

AutoZone Stock Performance

Shares of NYSE:AZO opened at $3,115.44 on Tuesday. The company has a market capitalization of $53.22 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 1.44 and a beta of 0.71. The stock has a fifty day moving average of $3,064.00 and a 200-day moving average of $3,003.35. AutoZone, Inc. has a one year low of $2,375.35 and a one year high of $3,256.37.

AutoZone Company 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.