Zurcher Kantonalbank Zurich Cantonalbank Has $14.34 Million Stake in AutoZone, Inc. $AZO

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of AutoZone, Inc. (NYSE:AZO) by 31.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,227 shares of the company’s stock after selling 1,934 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AutoZone were worth $14,336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Bayforest Capital Ltd acquired a new position in AutoZone during the fourth quarter worth $346,000. Elevated Capital Advisors LLC acquired a new position in AutoZone during the fourth quarter worth $37,000. First Horizon Corp increased its holdings in AutoZone by 3.8% during the fourth quarter. First Horizon Corp now owns 493 shares of the company’s stock worth $1,672,000 after buying an additional 18 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in AutoZone by 2.6% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 583 shares of the company’s stock worth $1,977,000 after buying an additional 15 shares during the last quarter. Finally, Wealth Enhancement Trust Services Inc. acquired a new position in AutoZone during the fourth quarter worth $190,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AutoZone

In other news, VP Richard Craig Smith sold 5,910 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $3,700.00, for a total value of $21,867,000.00. Following the completion of the sale, the vice president owned 2,627 shares of the company’s stock, valued at approximately $9,719,900. The trade was a 69.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Earl G. Graves, Jr. sold 50 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 4,837 shares of the company’s stock, valued at approximately $16,826,568.64. The trade was a 1.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.60% of the company’s stock.

AutoZone Stock Performance

Shares of AutoZone stock opened at $3,590.60 on Thursday. The firm has a 50-day moving average of $3,568.38 and a 200-day moving average of $3,650.69. The stock has a market cap of $59.17 billion, a PE ratio of 25.15, a PEG ratio of 1.85 and a beta of 0.41. AutoZone, Inc. has a 52-week low of $3,210.72 and a 52-week high of $4,388.11.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $27.59 by $0.04. The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.31 billion. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. AutoZone’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $28.29 earnings per share. Equities research analysts predict that AutoZone, Inc. will post 148.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on AZO. Mizuho upped their price objective on shares of AutoZone from $3,550.00 to $3,600.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. UBS Group set a $4,800.00 price objective on shares of AutoZone in a report on Tuesday, March 3rd. BMO Capital Markets decreased their price objective on shares of AutoZone from $4,400.00 to $4,300.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Evercore upped their price objective on shares of AutoZone from $4,100.00 to $4,125.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Finally, Roth Mkm decreased their price objective on shares of AutoZone from $4,650.00 to $4,526.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and an average target price of $4,312.13.

AutoZone Company 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.