Fenimore Asset Management INC Raised Autozone INC (AZO) Position

December 11, 2017 - By Vivian Currie

Investors sentiment decreased to 0.85 in Q2 2017. Its down 0.02, from 0.87 in 2017Q1. It dropped, as 81 investors sold AZO shares while 174 reduced holdings. 70 funds opened positions while 147 raised stakes. 26.61 million shares or 3.74% less from 27.65 million shares in 2017Q1 were reported. Savant Limited Liability Company reported 0.07% in AutoZone, Inc. (NYSE:AZO). Petrus Trust Lta has invested 4.63% of its portfolio in AutoZone, Inc. (NYSE:AZO). 814 are held by Verition Fund Mgmt Lc. Raymond James Svcs Advsrs has 0.02% invested in AutoZone, Inc. (NYSE:AZO) for 4,689 shares. Bessemer Group Incorporated reported 307,630 shares. Pinebridge Invests Ltd Partnership has invested 0.02% in AutoZone, Inc. (NYSE:AZO). 467 were reported by Huntington Bancshares. Rand Wealth Ltd Co reported 2,057 shares or 0.16% of all its holdings. Strs Ohio stated it has 0% of its portfolio in AutoZone, Inc. (NYSE:AZO). 500 were accumulated by Independent Order Of Foresters. State Board Of Administration Of Florida Retirement holds 38,995 shares. Kentucky Retirement Systems stated it has 1,805 shares or 0.08% of all its holdings. Moreover, Arizona State Retirement System has 0.08% invested in AutoZone, Inc. (NYSE:AZO). Pacad Invest Ltd reported 0.31% stake. Andra Ap owns 0.29% invested in AutoZone, Inc. (NYSE:AZO) for 20,600 shares.

Fenimore Asset Management Inc increased its stake in Autozone Inc. (AZO) by 35.78% based on its latest 2017Q2 regulatory filing with the SEC. Fenimore Asset Management Inc bought 24,542 shares as the company’s stock declined 9.10% while stock markets rallied. The institutional investor held 93,136 shares of the consumer services company at the end of 2017Q2, valued at $53.13M, up from 68,594 at the end of the previous reported quarter. Fenimore Asset Management Inc who had been investing in Autozone Inc. for a number of months, seems to be bullish on the $19.27B market cap company. The stock decreased 2.08% or $15.05 during the last trading session, reaching $706.84. About 166,617 shares traded. AutoZone, Inc. (NYSE:AZO) has declined 10.95% since December 11, 2016 and is downtrending. It has underperformed by 27.65% the S&P500.

More notable recent AutoZone, Inc. (NYSE:AZO) news were published by: Nasdaq.com which released: “Earnings Reaction History: AutoZone Inc., 27.3% Follow-Through Indicator, 2.6 …” on December 05, 2017, also Nasdaq.com with their article: “AutoZone Inc. Reveals 1% Advance In Q1 Profit” published on December 05, 2017, Investorplace.com published: “AutoZone, Inc. Stock Revs Up on Q1 Earnings Beat” on December 05, 2017. More interesting news about AutoZone, Inc. (NYSE:AZO) were released by: Globenewswire.com and their article: “AutoZone to Release First Quarter Earnings December 5, 2017” published on November 14, 2017 as well as Nasdaq.com‘s news article titled: “Autozone Inc (AZO) Chairman, President & CEO William C Rhodes Iii Sold $18.6 …” with publication date: December 08, 2017.

AutoZone, Inc. (NYSE:AZO) Ratings Coverage

Among 23 analysts covering Autozone Inc. (NYSE:AZO), 11 have Buy rating, 0 Sell and 12 Hold. Therefore 48% are positive. Autozone Inc. had 67 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, December 5 by Robert W. Baird. The firm earned “Neutral” rating on Friday, September 23 by Goldman Sachs. The rating was upgraded by UBS to “Buy” on Monday, September 12. The stock of AutoZone, Inc. (NYSE:AZO) has “Hold” rating given on Wednesday, September 20 by Wedbush. UBS maintained the stock with “Buy” rating in Wednesday, November 29 report. The stock has “Hold” rating by Robert W. Baird on Thursday, October 26. The stock of AutoZone, Inc. (NYSE:AZO) has “Outperform” rating given on Tuesday, March 22 by Oppenheimer. On Wednesday, December 9 the stock rating was maintained by UBS with “Neutral”. Morgan Stanley upgraded the stock to “Overweight” rating in Tuesday, September 27 report. The stock of AutoZone, Inc. (NYSE:AZO) has “Hold” rating given on Wednesday, December 6 by Guggenheim.

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