AutoZone, Inc. (NYSE:AZO) Stock Holdings Cut by PGGM Investments

PGGM Investments lessened its stake in shares of AutoZone, Inc. (NYSE:AZO) by 19.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,315 shares of the company’s stock after selling 1,050 shares during the period. PGGM Investments’ holdings in AutoZone were worth $11,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AZO. International Assets Investment Management LLC lifted its position in shares of AutoZone by 232,194.6% during the 4th quarter. International Assets Investment Management LLC now owns 731,728 shares of the company’s stock valued at $1,891,963,000 after acquiring an additional 731,413 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of AutoZone by 111.4% during the 3rd quarter. Wellington Management Group LLP now owns 335,190 shares of the company’s stock valued at $851,379,000 after acquiring an additional 176,623 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its position in shares of AutoZone by 341.5% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 159,285 shares of the company’s stock valued at $404,582,000 after acquiring an additional 123,208 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of AutoZone by 42.6% during the 4th quarter. Nordea Investment Management AB now owns 195,084 shares of the company’s stock valued at $501,512,000 after acquiring an additional 58,234 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of AutoZone by 196.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 51,460 shares of the company’s stock valued at $133,055,000 after acquiring an additional 34,092 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AZO shares. DA Davidson increased their price objective on AutoZone from $2,770.00 to $3,025.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Barclays increased their target price on AutoZone from $2,779.00 to $3,100.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Wedbush increased their target price on AutoZone from $2,950.00 to $3,400.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. UBS Group increased their target price on AutoZone from $3,100.00 to $3,425.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Truist Financial increased their target price on AutoZone from $3,363.00 to $3,523.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3,086.61.

Insiders Place Their Bets

In other news, VP Eric S. Gould sold 2,100 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the sale, the vice president now directly owns 910 shares of the company’s stock, valued at $2,912,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Richard Craig Smith sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $2,997.76, for a total value of $8,993,280.00. Following the sale, the vice president now directly owns 2,921 shares of the company’s stock, valued at $8,756,456.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Eric S. Gould sold 2,100 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the completion of the sale, the vice president now directly owns 910 shares in the company, valued at $2,912,000. The disclosure for this sale can be found here. Insiders have sold 15,990 shares of company stock valued at $50,335,193 over the last three months. 2.50% of the stock is currently owned by insiders.

AutoZone Trading Up 0.0 %

AutoZone stock traded up $0.73 during mid-day trading on Friday, hitting $2,945.98. 115,841 shares of the company’s stock were exchanged, compared to its average volume of 128,387. The stock has a market cap of $51.02 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.46 and a beta of 0.70. AutoZone, Inc. has a 1-year low of $2,277.88 and a 1-year high of $3,256.37. The stock has a 50 day moving average of $3,029.04 and a two-hundred day moving average of $2,774.03.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, February 27th. The company reported $28.89 EPS for the quarter, topping the consensus estimate of $26.08 by $2.81. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.32 billion. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $24.64 earnings per share. As a group, research analysts predict that AutoZone, Inc. will post 152.4 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.