AutoZone, Inc. (NYSE:AZO) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,213 shares of the company’s stock after selling 1,200 shares during the period. Canada Pension Plan Investment Board owned about 0.46% of AutoZone worth $231,831,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AZO. Quent Capital LLC boosted its position in shares of 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 purchasing an additional 4 shares in the last quarter. Mather Group LLC. lifted its position in shares of 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 last quarter. Conning Inc. boosted its stake in shares of AutoZone by 4.3% during the 2nd quarter. Conning Inc. now owns 98 shares of the company’s stock worth $290,000 after acquiring an additional 4 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of AutoZone by 14.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock worth $95,000 after acquiring an additional 4 shares during the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of AutoZone by 4.1% in the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company’s stock worth $299,000 after acquiring an additional 4 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Guggenheim upped their target price on AutoZone from $3,150.00 to $3,225.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Wedbush reiterated an “outperform” rating and issued a $3,200.00 target price on shares of AutoZone in a report on Thursday. Evercore ISI cut their price target on shares of AutoZone from $3,278.00 to $3,275.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Oppenheimer reaffirmed a “market perform” rating and issued a $2,600.00 price objective on shares of AutoZone in a research note on Wednesday, June 26th. Finally, Barclays cut their target price on shares of 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. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,112.71.

AutoZone Stock Performance

Shares of AZO opened at $3,040.09 on Friday. The firm has a market cap of $51.93 billion, a PE ratio of 21.03, a PEG ratio of 1.45 and a beta of 0.71. The firm’s 50 day moving average price is $3,103.78 and its 200 day moving average price is $3,011.83. AutoZone, Inc. has a twelve month low of $2,375.35 and a twelve month high of $3,256.37.

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.