Bank of Montreal Can Sells 4,903 Shares of AutoZone, Inc. (NYSE:AZO)

Bank of Montreal Can decreased its position in AutoZone, Inc. (NYSE:AZO) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 92,499 shares of the company’s stock after selling 4,903 shares during the quarter. Bank of Montreal Can owned 0.54% of AutoZone worth $276,110,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AZO. PineStone Asset Management Inc. boosted 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 valued at $918,998,000 after buying an additional 179,543 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of AutoZone in the second quarter valued at approximately $424,000. Captrust Financial Advisors boosted its holdings 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 acquiring an additional 129,193 shares in the last quarter. Baillie Gifford & Co. grew its position in AutoZone by 2,714.8% during the 2nd quarter. Baillie Gifford & Co. now owns 120,194 shares of the company’s stock worth $356,267,000 after acquiring an additional 115,924 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in AutoZone by 106.7% during the 1st quarter. Bessemer Group Inc. now owns 117,891 shares of the company’s stock valued at $371,552,000 after purchasing an additional 60,852 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on AZO shares. Oppenheimer restated a “market perform” rating and set a $2,600.00 target price on shares of AutoZone in a report on Wednesday, June 26th. Evercore ISI decreased their price objective on shares of AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating on the stock in a report on Friday. StockNews.com downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Saturday. Wedbush reissued an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a research note on Thursday. Finally, Guggenheim boosted their price objective on shares of AutoZone from $3,150.00 to $3,225.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone currently has a consensus rating of “Moderate Buy” and an average target price of $3,129.44.

AutoZone Price Performance

Shares of AZO stock opened at $3,020.66 on Monday. The stock has a 50-day moving average of $3,105.66 and a 200-day moving average of $3,010.09. AutoZone, Inc. has a one year low of $2,375.35 and a one year high of $3,256.37. The stock 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.

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.