AutoZone, Inc. (NYSE:AZO) Shares Bought by Man Group plc

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Man Group plc raised its position in AutoZone, Inc. (NYSE:AZO) by 82.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,931 shares of the company’s stock after acquiring an additional 27,146 shares during the period. Man Group plc owned approximately 0.24% of AutoZone worth $65,893,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in AutoZone by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 353,880 shares of the company’s stock valued at $296,182,000 after acquiring an additional 14,661 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of AutoZone by 41.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,039 shares of the company’s stock worth $2,088,000 after buying an additional 594 shares during the period. Raymond James & Associates lifted its stake in shares of AutoZone by 30.9% during the first quarter. Raymond James & Associates now owns 10,675 shares of the company’s stock worth $10,932,000 after buying an additional 2,518 shares during the period. ETF Managers Group LLC lifted its stake in shares of AutoZone by 8.4% during the first quarter. ETF Managers Group LLC now owns 220 shares of the company’s stock worth $225,000 after buying an additional 17 shares during the period. Finally, 361 Capital LLC acquired a new stake in shares of AutoZone during the first quarter worth $981,000. Institutional investors own 94.21% of the company’s stock.

Several research firms have recently commented on AZO. Oppenheimer upgraded shares of AutoZone from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $900.00 to $1,225.00 in a research note on Friday, June 28th. Goldman Sachs Group began coverage on shares of AutoZone in a research note on Thursday, July 11th. They set a “neutral” rating and a $1,183.00 price objective for the company. Wedbush reiterated an “outperform” rating and set a $1,240.00 price objective (up from $1,100.00) on shares of AutoZone in a research note on Thursday. ValuEngine downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, CIBC upgraded shares of AutoZone from a “market perform” rating to an “outperform” rating in a research note on Friday, June 28th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $1,103.20.

In related news, insider Richard Craig Smith sold 2,800 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $1,120.00, for a total transaction of $3,136,000.00. Following the completion of the transaction, the insider now directly owns 5,800 shares in the company, valued at $6,496,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Earl G. Graves, Jr. sold 500 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,077.04, for a total transaction of $538,520.00. Following the transaction, the director now owns 4,607 shares of the company’s stock, valued at $4,961,923.28. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

NYSE AZO traded down $4.70 on Thursday, reaching $1,157.83. 23,288 shares of the company’s stock traded hands, compared to its average volume of 243,412. The firm has a market cap of $27.73 billion, a price-to-earnings ratio of 23.00, a P/E/G ratio of 1.41 and a beta of 0.65. The stock has a 50 day moving average price of $1,105.45 and a 200-day moving average price of $1,067.16. AutoZone, Inc. has a fifty-two week low of $705.01 and a fifty-two week high of $1,186.60.

AutoZone Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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