AutoZone, Inc. (NYSE:AZO) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of AutoZone, Inc. (NYSE:AZO) by 42.6% in the third quarter, HoldingsChannel reports. The firm owned 12,458 shares of the company’s stock after acquiring an additional 3,724 shares during the quarter. Pacer Advisors Inc.’s holdings in AutoZone were worth $21,154,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AZO. MAI Capital Management increased its position in shares of AutoZone by 1.5% during the second quarter. MAI Capital Management now owns 474 shares of the company’s stock worth $707,000 after purchasing an additional 7 shares in the last quarter. Berman Capital Advisors LLC boosted its stake in AutoZone by 8.9% during the second quarter. Berman Capital Advisors LLC now owns 86 shares of the company’s stock worth $127,000 after buying an additional 7 shares during the last quarter. Dumont & Blake Investment Advisors LLC boosted its stake in AutoZone by 1.2% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 666 shares of the company’s stock worth $994,000 after buying an additional 8 shares during the last quarter. Leisure Capital Management boosted its stake in AutoZone by 1.0% during the second quarter. Leisure Capital Management now owns 805 shares of the company’s stock worth $1,201,000 after buying an additional 8 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in AutoZone by 0.3% during the third quarter. IFM Investors Pty Ltd now owns 2,965 shares of the company’s stock worth $5,035,000 after buying an additional 8 shares during the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO William C. Rhodes III sold 4,500 shares of the stock in a transaction dated Friday, September 24th. The stock was sold at an average price of $1,682.81, for a total value of $7,572,645.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Charles Pleas III sold 7,000 shares of the stock in a transaction dated Wednesday, September 22nd. The shares were sold at an average price of $1,675.90, for a total value of $11,731,300.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,680 shares of company stock worth $21,459,935. 2.60% of the stock is owned by company insiders.

AZO has been the topic of a number of recent research reports. Bank of America boosted their price objective on AutoZone from $1,390.00 to $1,490.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 22nd. Zacks Investment Research lowered AutoZone from a “buy” rating to a “hold” rating and set a $1,900.00 price objective on the stock. in a research note on Friday, November 5th. Stephens boosted their price objective on AutoZone from $1,700.00 to $1,850.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 22nd. Raymond James upped their price target on AutoZone from $1,800.00 to $1,950.00 and gave the company an “outperform” rating in a research note on Wednesday, November 10th. Finally, DA Davidson lowered AutoZone from a “buy” rating to a “neutral” rating and set a $1,600.00 price target on the stock. in a research note on Monday, September 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $1,711.35.

AZO opened at $1,814.18 on Friday. The stock’s 50-day moving average price is $1,772.25 and its 200 day moving average price is $1,614.93. AutoZone, Inc. has a 12-month low of $1,085.85 and a 12-month high of $1,941.36. The firm has a market cap of $38.04 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.85 and a beta of 0.86.

AutoZone (NYSE:AZO) last posted its earnings results on Monday, September 20th. The company reported $35.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $30.20 by $5.52. AutoZone had a negative return on equity of 142.05% and a net margin of 14.84%. The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the prior year, the company earned $30.93 EPS. AutoZone’s revenue was up 8.1% on a year-over-year basis. On average, research analysts anticipate that AutoZone, Inc. will post 97.73 earnings per share for the current year.

AutoZone Company Profile

AutoZone, Inc engages in the retail and distribution of automotive replacement parts and accessories. The firm offers ALLDATA, which produces, sells, and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers.

Featured Article: What is the Russell 2000 Index?

Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone, Inc. (NYSE:AZO).

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.