219 Shares in AutoZone, Inc. (NYSE:AZO) Purchased by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC purchased a new stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 219 shares of the company's stock, valued at approximately $701,000.

Several other institutional investors have also added to or reduced their stakes in the business. Flagship Wealth Advisors LLC purchased a new stake in AutoZone during the 4th quarter valued at about $32,000. Harbour Investments Inc. lifted its position in AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after purchasing an additional 3 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of AutoZone in the fourth quarter worth $61,000. McIlrath & Eck LLC raised its holdings in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock valued at $63,000 after buying an additional 4 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in AutoZone during the 4th quarter valued at $67,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Stock Performance

Shares of AZO stock traded up $54.00 during trading hours on Monday, reaching $3,825.00. The company had a trading volume of 112,774 shares, compared to its average volume of 124,766. The firm has a market cap of $64.19 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. The business has a fifty day moving average price of $3,483.80 and a 200-day moving average price of $3,280.69. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,840.91.

Remove Ads

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. Equities research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Insiders Place Their Bets

In other news, VP Dennis W. Leriche sold 1,575 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the transaction, the vice president now owns 417 shares of the company's stock, valued at $1,501,200. This trade represents a 79.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following the transaction, the senior vice president now owns 50 shares of the company's stock, valued at approximately $177,500. This trade represents a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,721 shares of company stock valued at $24,609,331. Insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AZO. Morgan Stanley increased their target price on shares of AutoZone from $3,490.00 to $3,750.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Roth Capital set a $3,763.00 price objective on AutoZone in a report on Wednesday, March 5th. Truist Financial boosted their target price on AutoZone from $3,753.00 to $3,841.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. BMO Capital Markets lifted their price target on shares of AutoZone from $3,700.00 to $3,850.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Finally, Roth Mkm upped their price objective on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $3,683.36.

About AutoZone

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.