Frank Rimerman Advisors LLC Invests $981,000 in AutoZone, Inc. (NYSE:AZO)

Frank Rimerman Advisors LLC bought a new stake in shares of AutoZone, Inc. (NYSE:AZO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 331 shares of the company’s stock, valued at approximately $981,000.

Several other institutional investors also recently bought and sold shares of the stock. Quent Capital LLC boosted its holdings in AutoZone by 4.8% during the 1st quarter. Quent Capital LLC now owns 88 shares of the company’s stock valued at $277,000 after acquiring an additional 4 shares during the period. Mather Group LLC. boosted its holdings in AutoZone by 1.8% during the 2nd quarter. Mather Group LLC. now owns 224 shares of the company’s stock valued at $706,000 after acquiring an additional 4 shares during the period. Conning Inc. boosted its holdings in AutoZone by 4.3% during the 2nd quarter. Conning Inc. now owns 98 shares of the company’s stock valued at $290,000 after acquiring an additional 4 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in AutoZone by 14.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock valued at $95,000 after acquiring an additional 4 shares during the period. Finally, Brighton Jones LLC boosted its holdings in AutoZone by 4.1% during the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company’s stock valued at $299,000 after acquiring an additional 4 shares during the period. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Stock Down 0.6 %

AZO stock opened at $3,020.66 on Monday. AutoZone, Inc. has a twelve month low of $2,375.35 and a twelve month high of $3,256.37. The firm has a market cap of $51.60 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 1.45 and a beta of 0.71. The business has a 50 day moving average of $3,105.66 and a 200 day moving average of $3,010.09.

Analyst Upgrades and Downgrades

AZO has been the subject of several analyst reports. StockNews.com cut AutoZone from a “buy” rating to a “hold” rating in a report on Saturday. Oppenheimer reiterated a “market perform” rating and issued a $2,600.00 price objective on shares of AutoZone in a report on Wednesday, June 26th. Wedbush reiterated an “outperform” rating and issued a $3,200.00 price objective on shares of AutoZone in a report on Thursday. Evercore ISI dropped their price objective on AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating for the company in a report on Friday. Finally, Guggenheim increased their price objective on AutoZone from $3,150.00 to $3,225.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, AutoZone has an average rating of “Moderate Buy” and a consensus target price of $3,129.44.

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.