Metropolitan Life Insurance Co. NY Has $3.51 Million Holdings in AutoZone, Inc. (AZO)

Metropolitan Life Insurance Co. NY raised its position in shares of AutoZone, Inc. (NYSE:AZO) by 43.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,226 shares of the company’s stock after acquiring an additional 1,587 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in AutoZone were worth $3,506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of AZO. Victory Capital Management Inc. increased its position in AutoZone by 16.0% during the first quarter. Victory Capital Management Inc. now owns 3,567 shares of the company’s stock valued at $2,314,000 after acquiring an additional 493 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in AutoZone by 590.0% during the first quarter. Robeco Institutional Asset Management B.V. now owns 4,968 shares of the company’s stock valued at $3,222,000 after acquiring an additional 4,248 shares during the last quarter. Eaton Vance Management increased its position in AutoZone by 563.4% during the first quarter. Eaton Vance Management now owns 2,355 shares of the company’s stock valued at $1,528,000 after acquiring an additional 2,000 shares during the last quarter. Synovus Financial Corp bought a new position in AutoZone during the first quarter valued at $135,000. Finally, State of New Jersey Common Pension Fund D increased its position in AutoZone by 1,071.4% during the first quarter. State of New Jersey Common Pension Fund D now owns 8,200 shares of the company’s stock valued at $5,319,000 after acquiring an additional 7,500 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

In other news, insider Albert Saltiel sold 2,150 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $717.90, for a total value of $1,543,485.00. Following the transaction, the insider now directly owns 2,297 shares in the company, valued at $1,649,016.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Philip B. Daniele sold 740 shares of the company’s stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $683.54, for a total transaction of $505,819.60. Following the completion of the sale, the insider now directly owns 1,072 shares of the company’s stock, valued at $732,754.88. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

A number of research firms have weighed in on AZO. Credit Suisse Group boosted their price objective on shares of AutoZone from $790.00 to $810.00 and gave the company an “outperform” rating in a research report on Wednesday, September 5th. Zacks Investment Research upgraded shares of AutoZone from a “hold” rating to a “buy” rating and set a $860.00 price objective on the stock in a research report on Tuesday, August 28th. Wells Fargo & Co boosted their price objective on shares of AutoZone from $800.00 to $850.00 and gave the company a “positive” rating in a research report on Thursday. They noted that the move was a valuation call. Argus cut their price objective on shares of AutoZone to $820.00 and set a “buy” rating on the stock in a research report on Thursday, August 30th. Finally, Stephens upgraded shares of AutoZone from an “equal weight” rating to an “overweight” rating and set a $875.00 price target on the stock in a report on Wednesday, August 15th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. AutoZone currently has an average rating of “Buy” and a consensus target price of $759.07.

NYSE AZO opened at $749.20 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.14 and a debt-to-equity ratio of -3.64. The stock has a market capitalization of $20.20 billion, a PE ratio of 15.61, a P/E/G ratio of 1.01 and a beta of 0.87. AutoZone, Inc. has a 12 month low of $533.00 and a 12 month high of $797.89.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories. It offers 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. The company's products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, thermostats, starters and alternators, and water pumps.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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