Waddell & Associates LLC Buys 18 Shares of AutoZone, Inc. (NYSE:AZO)

Waddell & Associates LLC boosted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 2.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 683 shares of the company’s stock after buying an additional 18 shares during the period. Waddell & Associates LLC’s holdings in AutoZone were worth $2,025,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of AZO. Boston Partners raised its holdings in shares of 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 in the last quarter. PineStone Asset Management Inc. increased its position in AutoZone by 137.6% in the second quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock worth $918,998,000 after purchasing an additional 179,543 shares during the last quarter. Norges Bank purchased a new stake in AutoZone during the fourth quarter valued at $678,350,000. Parnassus Investments LLC lifted its position in AutoZone by 32.0% during the fourth quarter. Parnassus Investments LLC now owns 243,571 shares of the company’s stock valued at $629,780,000 after purchasing an additional 58,989 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of AutoZone by 11.8% in the 4th 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 in the last quarter. 92.74% of the stock is currently owned by institutional investors.

AutoZone Price Performance

Shares of NYSE:AZO traded down $48.61 during trading hours on Friday, hitting $3,092.56. 107,600 shares of the company’s stock traded hands, compared to its average volume of 141,520. AutoZone, Inc. has a 1 year low of $2,375.35 and a 1 year high of $3,256.37. The business has a fifty day moving average price of $3,058.29 and a 200-day moving average price of $2,998.94. The firm has a market capitalization of $52.83 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 1.60 and a beta of 0.71.

Analyst Ratings Changes

AZO has been the topic of several recent research reports. Wedbush restated an “outperform” rating and set a $3,200.00 target price on shares of AutoZone in a research report on Wednesday, July 10th. Evercore ISI reduced their price objective on AutoZone from $3,278.00 to $3,275.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Mizuho reduced their price objective on AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Barclays reduced their price objective on AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating on the stock in a research note on Thursday, May 23rd. 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. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently 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.