AutoZone, Inc. $AZO Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lowered its stake in shares of AutoZone, Inc. (NYSE:AZO – Free Report) by 7.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,328 shares of the company’s stock after selling 1,152 shares during the period. Boston Trust Walden Corp’s holdings in AutoZone were worth $43,379,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AZO. Assenagon Asset Management S.A. boosted its stake in shares of AutoZone by 42,984.5% in the third quarter. Assenagon Asset Management S.A. now owns 10,537,614 shares of the company’s stock worth $29,821,658,000 after buying an additional 10,513,156 shares during the last quarter. BlackRock Inc. acquired a new position in AutoZone in the second quarter valued at approximately $3,938,566,000. Sound Income Strategies LLC lifted its holdings in AutoZone by 646,568.6% in the third quarter. Sound Income Strategies LLC now owns 659,602 shares of the company’s stock valued at $1,866,687,000 after acquiring an additional 659,500 shares during the period. Howard Capital Management LLC boosted its position in AutoZone by 79,236.8% in the 3rd quarter. Howard Capital Management LLC now owns 385,577 shares of the company’s stock worth $1,091,191,000 after purchasing an additional 385,091 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of AutoZone by 247,417.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 249,993 shares of the company’s stock worth $798,963,000 after purchasing an additional 249,892 shares during the period. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Trading Up 4.0%

AZO stock opened at $3,327.64 on Thursday. AutoZone, Inc. has a 12-month low of $2,730.65 and a 12-month high of $3,996.25. The stock has a market cap of $53.54 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 1.65 and a beta of 0.37. The business’s 50-day moving average is $2,980.58 and its 200 day moving average is $3,257.98.

AutoZone (NYSE:AZO – Get Free Report) last announced its earnings results on Tuesday, September 22nd. The company reported $56.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $55.51. The company had revenue of $6.59 billion for the quarter, compared to analysts’ expectations of $6.70 billion. AutoZone had a net margin of 12.65% and a negative return on equity of 90.08%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $48.71 EPS. As a group, equities analysts forecast that AutoZone, Inc. will post 170.30 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Dennis LeRiche sold 1,455 shares of AutoZone stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $3,100.00, for a total transaction of $4,510,500.00. Following the sale, the vice president owned 441 shares of the company’s stock, valued at approximately $1,367,100. The trade was a 76.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AZO has been the subject of several analyst reports. Evercore reiterated an “outperform” rating on shares of AutoZone in a research note on Wednesday, September 23rd. Piper Sandler set a $3,500.00 price objective on shares of AutoZone in a research report on Monday, August 31st. DA Davidson lowered their target price on shares of AutoZone from $3,750.00 to $3,500.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. Guggenheim dropped their target price on AutoZone from $4,000.00 to $3,750.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Finally, Robert W. Baird cut their price target on AutoZone from $3,600.00 to $3,400.00 and set a “neutral” rating for the company in a research note on Wednesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and an average target price of $3,674.36.

View Our Latest Stock Report on AutoZone

AutoZone Profile

(Free Report)

AutoZone, Inc is a specialty retailer and distributor of automotive replacement parts, equipment and accessories. The company serves do-it-yourself customers, professional automotive technicians and commercial repair businesses through its retail stores, distribution network and digital platforms.

Its merchandise includes replacement batteries, brakes, filters, belts, hoses, ignition components, tools, fluids, lighting products and other maintenance items. AutoZone also offers private-label products under brands such as Duralast, as well as vehicle diagnostic services and parts delivery for commercial customers.

Founded in 1979 as Auto Shack by Pitt Hyde, the company adopted the AutoZone name in 1987.

See Also

Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone, Inc. (NYSE:AZO – Free Report).

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.