Nisa Investment Advisors LLC Has $19.40 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Nisa Investment Advisors LLC boosted its position in AutoZone, Inc. (NYSE:AZO) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,157 shares of the company’s stock after acquiring an additional 95 shares during the period. Nisa Investment Advisors LLC’s holdings in AutoZone were worth $19,395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of AutoZone by 354,692.5% during the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock worth $31,293,100,000 after buying an additional 993,139 shares during the last quarter. Boston Partners grew its holdings in AutoZone by 1.7% during the 1st quarter. Boston Partners now owns 382,169 shares of the company’s stock worth $1,202,596,000 after acquiring an additional 6,226 shares during the period. PineStone Asset Management Inc. raised its position in shares of AutoZone by 137.6% during the 2nd quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock valued at $918,998,000 after acquiring an additional 179,543 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of AutoZone by 4.1% in the 1st quarter. Nordea Investment Management AB now owns 203,072 shares of the company’s stock valued at $643,641,000 after purchasing an additional 7,988 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of AutoZone by 564.2% in the 1st quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock worth $479,338,000 after purchasing an additional 129,193 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AZO shares. UBS Group boosted their price objective on shares of AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Guggenheim boosted their price target on shares of AutoZone from $3,225.00 to $3,350.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Citigroup dropped their price objective on AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Mizuho boosted their target price on AutoZone from $3,280.00 to $3,350.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Finally, Wedbush restated an “outperform” rating and issued a $3,200.00 price target on shares of AutoZone in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,202.71.

AutoZone Price Performance

Shares of NYSE:AZO opened at $3,060.89 on Wednesday. The stock has a market capitalization of $52.29 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.59 and a beta of 0.70. The company’s 50-day moving average price is $3,129.07 and its two-hundred day moving average price is $3,011.64. AutoZone, Inc. has a one year low of $2,448.80 and a one year high of $3,256.37.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $53.31 by ($5.20). The company had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $6.25 billion. AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $46.46 EPS. On average, analysts anticipate that AutoZone, Inc. will post 157.99 earnings per share for the current fiscal year.

Insider Activity

In other AutoZone news, Chairman William C. Rhodes III sold 13,000 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the sale, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the transaction, the vice president now directly owns 1,218 shares of the company’s stock, valued at approximately $3,785,166.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman William C. Rhodes III sold 13,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the completion of the transaction, the chairman now directly owns 13,857 shares in the company, valued at $43,055,777.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,880 shares of company stock valued at $46,225,660. 2.50% of the stock is 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.