Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in AutoZone, Inc. (NYSE: AZO – Get Rating) by 0.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,550 shares of the company stock after buying an additional 6 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in AutoZone were worth $ 3,169,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of AZO. UBS Asset Management Americas Inc. increased its stake in shares of AutoZone by 0.9% in the third quarter. UBS Asset Management Americas Inc. now owns 93,770 shares of the company stock worth $ 159,221,000 after buying an additional 850 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of AutoZone by 24.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 1,268 shares of the company stock worth $ 2,658,000 after buying an additional 250 shares during the last quarter. ELM Advisors LLC bought a new stake in AutoZone during the fourth quarter valued at $ 222,000. Gradient Investments LLC increased its stake in AutoZone by 87.5% during the fourth quarter. Gradient Investments LLC now owns 135 shares of the company stock valued at $ 283,000 after purchasing an additional 63 shares during the last quarter. Finally, Diversified Trust Co increased its stake in AutoZone by 2.2% during the fourth quarter. Diversified Trust Co now owns 5,913 shares of the company stock valued at $ 12,396,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 95.97% of the company stock.
AZO stock opened at $ 2,140.00 on Thursday. The company has a market capitalization of $ 41.70 billion, a P / E ratio of 18.98, a PEG ratio of 1.62 and a beta of 0.90. The company has a 50-day simple moving average of $ 2,033.39 and a 200 day simple moving average of $ 2,007.78. AutoZone, Inc. has a fifty-two week low of $ 1,488.04 and a fifty-two week high of $ 2,267.40.
AutoZone (NYSE: AZO – Get Rating) last posted its quarterly earnings data on Tuesday, May 24th. The company reported $ 29.03 earnings per share for the quarter, topping the estimate consensus of $ 25.70 by $ 3.33. AutoZone had a net margin of 15.21% and a negative return on equity of 92.10%. The business had revenue of $ 3.87 billion during the quarter, compared to the estimate consensus of $ 3.71 billion. During the same quarter in the prior year, the company posted $ 26.48 earnings per share. The company quarterly revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts expect that AutoZone, Inc. will post 115.07 EPS for the current fiscal year.
Several analysts have weighed in on the stock. The Goldman Sachs Group upgraded shares of AutoZone from a “neutral” rating to a “buy” rating and boosted their target price for the company from $ 1,969.00 to $ 2,296.00 in a research note on Monday. MKM Partners assumed coverage on shares of AutoZone in a research note on Thursday, June 23rd. They set a “buy” rating and a $ 2,350.00 target price for the company. Morgan Stanley upgraded shares of AutoZone from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $ 2,125.00 to $ 2,420.00 in a research note on Thursday, June 16th. Truist Financial lowered their target price on shares of AutoZone from $ 2,215.00 to $ 2,174.00 and set a “buy” rating for the company in a research note on Wednesday, May 25th. Finally, StockNews.com started coverage on shares of AutoZone in a report on Thursday, March 31st. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $ 2,169.41.
In other AutoZone news, VP Albert Saltiel sold 2,752 shares of the company stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of $ 2,154.70, for a total value of $ 5,929,734.40. Following the completion of the sale, the vice president now directly owns 323 shares of the company stock, valued at approximately $ 695,968.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Preston Frazer sold 1,500 shares of the company stock in a transaction dated Wednesday, April 20th. The shares were sold at an average price of $ 2,220.00, for a total transaction of $ 3,330,000.00. Following the completion of the sale, the executive vice president now directly owns 783 shares of the company stock, valued at $ 1,738,260. The disclosure for this sale can be found here. Insiders sold a total of 4,732 shares of company stock valued at $ 10,277,334 over the last three months. 2.60% of the stock is owned by corporate insiders.
AutoZone Profile: (Get Rating)
AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company 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. Its products include A / C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs.
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