Plato Investment Management Ltd decreased its position in AutoZone, Inc. (NYSE:AZO – Free Report) by 67.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 106 shares of the company’s stock after selling 215 shares during the period. Plato Investment Management Ltd’s holdings in AutoZone were worth $361,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Obermeyer Wealth Partners increased its stake in AutoZone by 4.7% in the 3rd quarter. Obermeyer Wealth Partners now owns 67 shares of the company’s stock valued at $287,000 after buying an additional 3 shares during the last quarter. Covestor Ltd increased its stake in AutoZone by 5.5% in the 3rd quarter. Covestor Ltd now owns 58 shares of the company’s stock valued at $250,000 after buying an additional 3 shares during the last quarter. SYM FINANCIAL Corp increased its stake in AutoZone by 3.6% in the 3rd quarter. SYM FINANCIAL Corp now owns 86 shares of the company’s stock valued at $369,000 after buying an additional 3 shares during the last quarter. Camden National Bank increased its stake in AutoZone by 3.6% in the 3rd quarter. Camden National Bank now owns 86 shares of the company’s stock valued at $369,000 after buying an additional 3 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its stake in AutoZone by 1.7% in the 3rd quarter. Crestwood Advisors Group LLC now owns 184 shares of the company’s stock valued at $791,000 after buying an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.
Insider Activity at AutoZone
In other news, Director Earl G. Graves, Jr. sold 50 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the completion of the transaction, the director directly owned 4,837 shares in the company, valued at $16,826,568.64. The trade was a 1.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by company insiders.
AutoZone Price Performance
AutoZone (NYSE:AZO – Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The company reported $27.63 EPS for the quarter, beating analysts’ consensus estimates of $27.59 by $0.04. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.31 billion. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $28.29 EPS. On average, analysts expect that AutoZone, Inc. will post 148.93 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on AZO shares. BMO Capital Markets decreased their price objective on shares of AutoZone from $4,400.00 to $4,300.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. The Goldman Sachs Group increased their price objective on shares of AutoZone from $4,274.00 to $4,345.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Oppenheimer reiterated an “outperform” rating and issued a $4,300.00 price objective (up from $4,150.00) on shares of AutoZone in a research note on Tuesday, March 10th. DA Davidson set a $4,300.00 price objective on shares of AutoZone in a research note on Thursday, March 5th. Finally, Robert W. Baird lowered shares of AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price objective for the company. in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4,312.13.
Get Our Latest Stock Analysis on AZO
AutoZone Profile
AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.
AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.
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