Northwest Investment Counselors LLC Lowers Holdings in AutoZone, Inc. (AZO)

Northwest Investment Counselors LLC trimmed its stake in AutoZone, Inc. (NYSE:AZO) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,682 shares of the company’s stock after selling 180 shares during the period. Northwest Investment Counselors LLC’s holdings in AutoZone were worth $1,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. American Beacon Advisors Inc. purchased a new stake in AutoZone in the 1st quarter valued at about $104,000. Fieldpoint Private Securities LLC purchased a new stake in AutoZone in the 2nd quarter valued at about $114,000. Alpha Windward LLC boosted its position in AutoZone by 3.2% in the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock valued at $148,000 after buying an additional 8 shares during the period. Salem Investment Counselors Inc. boosted its position in AutoZone by 3.5% in the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after buying an additional 9 shares during the period. Finally, Global X Management Co. LLC boosted its position in AutoZone by 12.9% in the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock valued at $184,000 after buying an additional 37 shares during the period. 97.93% of the stock is owned by institutional investors.

In other AutoZone news, Director William Andrew Mckenna sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the sale, the director now owns 8,131 shares of the company’s stock, valued at $4,756,309.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is currently owned by company insiders.

AZO has been the subject of several research reports. Wedbush reissued a “neutral” rating on shares of AutoZone in a research report on Thursday, July 6th. Morgan Stanley cut shares of AutoZone from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 6th. Barclays PLC lowered their price objective on shares of AutoZone from $870.00 to $710.00 and set an “overweight” rating for the company in a research report on Thursday, July 6th. Royal Bank Of Canada lowered their price objective on shares of AutoZone from $653.00 to $577.00 and set a “sector perform” rating for the company in a research report on Thursday, July 6th. Finally, Bank of America Corporation cut shares of AutoZone from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $750.00 to $575.00 in a research report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $724.45.

AutoZone, Inc. (NYSE:AZO) traded down 0.6120% on Wednesday, hitting $585.8925. 164,875 shares of the company traded hands. AutoZone, Inc. has a 12 month low of $491.13 and a 12 month high of $813.70. The stock’s 50-day moving average is $584.17 and its 200 day moving average is $585.22. The firm has a market capitalization of $16.31 billion, a P/E ratio of 13.2946 and a beta of 0.64.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $15.11 by $0.07. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the previous year, the firm earned $14.30 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts forecast that AutoZone, Inc. will post $46.91 EPS for the current fiscal year.

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AutoZone Profile

Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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