Sienna Gestion Acquires 15 Shares of AutoZone, Inc. (NYSE:AZO)

Sienna Gestion grew its stake in AutoZone, Inc. (NYSE:AZO) by 12.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131 shares of the company’s stock after acquiring an additional 15 shares during the period. Sienna Gestion’s holdings in AutoZone were worth $388,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Boston Partners grew its stake in AutoZone by 1.7% in the first quarter. Boston Partners now owns 382,169 shares of the company’s stock valued at $1,202,596,000 after purchasing an additional 6,226 shares in the last quarter. PineStone Asset Management Inc. grew its stake in shares of AutoZone by 137.6% in the second quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock valued at $918,998,000 after buying an additional 179,543 shares in the last quarter. Parnassus Investments LLC grew its stake in shares of AutoZone by 32.0% in the fourth quarter. Parnassus Investments LLC now owns 243,571 shares of the company’s stock valued at $629,780,000 after buying an additional 58,989 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in AutoZone by 11.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 212,831 shares of the company’s stock worth $550,296,000 after buying an additional 22,507 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in AutoZone by 4.1% during the first quarter. Nordea Investment Management AB now owns 203,072 shares of the company’s stock worth $643,641,000 after acquiring an additional 7,988 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Performance

NYSE:AZO opened at $3,074.71 on Thursday. AutoZone, Inc. has a fifty-two week low of $2,375.35 and a fifty-two week high of $3,256.37. The company has a 50 day simple moving average of $3,100.68 and a two-hundred day simple moving average of $3,011.63. The company has a market capitalization of $52.53 billion, a PE ratio of 21.27, a P/E/G ratio of 1.45 and a beta of 0.71.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Oppenheimer reissued a “market perform” rating and set a $2,600.00 price target on shares of AutoZone in a research report on Wednesday, June 26th. Morgan Stanley reduced their target price on AutoZone from $3,100.00 to $3,038.00 and set an “overweight” rating on the stock in a report on Wednesday, May 22nd. Citigroup lowered their price target on AutoZone from $3,420.00 to $3,250.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. UBS Group dropped their price objective on AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Finally, Wolfe Research reduced their price objective on AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 22nd. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3,112.71.

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.