AutoZone, Inc. (NYSE:AZO) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in AutoZone, Inc. (NYSE:AZO) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,250 shares of the company’s stock after buying an additional 34 shares during the quarter. Intech Investment Management LLC owned about 0.09% of AutoZone worth $39,431,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Plancorp LLC grew its holdings in shares of AutoZone by 3.0% during the third quarter. Plancorp LLC now owns 136 shares of the company’s stock valued at $345,000 after buying an additional 4 shares in the last quarter. Alcosta Capital Management Inc. grew its holdings in shares of AutoZone by 0.3% during the third quarter. Alcosta Capital Management Inc. now owns 1,255 shares of the company’s stock valued at $3,188,000 after buying an additional 4 shares in the last quarter. Hohimer Wealth Management LLC grew its holdings in shares of AutoZone by 1.1% during the third quarter. Hohimer Wealth Management LLC now owns 361 shares of the company’s stock valued at $917,000 after buying an additional 4 shares in the last quarter. Summit Trail Advisors LLC boosted its position in AutoZone by 3.8% during the fourth quarter. Summit Trail Advisors LLC now owns 110 shares of the company’s stock valued at $283,000 after purchasing an additional 4 shares during the last quarter. Finally, Guardian Capital LP boosted its position in AutoZone by 1.3% during the fourth quarter. Guardian Capital LP now owns 301 shares of the company’s stock valued at $778,000 after purchasing an additional 4 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AZO shares. Morgan Stanley reduced their price objective on AutoZone from $3,100.00 to $3,038.00 and set an “overweight” rating for the company in a research report on Wednesday. Citigroup reduced their price objective on AutoZone from $3,420.00 to $3,250.00 and set a “buy” rating for the company in a research report on Wednesday. Truist Financial reduced their price objective on AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group reduced their price target on AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, StockNews.com cut AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3,066.53.

Insider Activity

In other news, Chairman William C. Rhodes III sold 6,700 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares in the company, valued at approximately $48,992,208.54. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Chairman William C. Rhodes III sold 6,700 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares in the company, valued at approximately $48,992,208.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Jenna M. Bedsole purchased 36 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of $2,757.10 per share, for a total transaction of $99,255.60. Following the completion of the transaction, the vice president now owns 36 shares in the company, valued at $99,255.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 15,990 shares of company stock worth $50,335,193. Company insiders own 2.50% of the company’s stock.

AutoZone Trading Up 0.6 %

AZO traded up $15.36 on Friday, hitting $2,792.90. 93,928 shares of the stock traded hands, compared to its average volume of 152,881. AutoZone, Inc. has a 52 week low of $2,277.88 and a 52 week high of $3,256.37. The firm has a market capitalization of $48.37 billion, a PE ratio of 19.67, a P/E/G ratio of 1.40 and a beta of 0.72. The business has a fifty day moving average price of $3,009.41 and a two-hundred day moving average price of $2,829.02.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, May 21st. The company reported $36.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.67 by $1.02. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the company posted $34.12 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts forecast that AutoZone, Inc. will post 151.75 EPS for the current fiscal year.

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.