Atria Investments Inc Cuts Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Atria Investments Inc reduced its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 12.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,190 shares of the company's stock after selling 310 shares during the period. Atria Investments Inc's holdings in AutoZone were worth $6,899,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC grew its stake in shares of AutoZone by 354,692.5% in the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company's stock worth $31,293,100,000 after acquiring an additional 993,139 shares during the period. PineStone Asset Management Inc. lifted its holdings in shares of AutoZone by 137.6% in the second quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company's stock worth $918,998,000 after buying an additional 179,543 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of AutoZone in the second quarter worth $424,000. Captrust Financial Advisors raised its stake in AutoZone by 564.2% during the first quarter. Captrust Financial Advisors now owns 152,091 shares of the company's stock valued at $479,338,000 after purchasing an additional 129,193 shares in the last quarter. Finally, Baillie Gifford & Co. increased its position in AutoZone by 2,714.8% during the second quarter. Baillie Gifford & Co. now owns 120,194 shares of the company's stock valued at $356,267,000 after acquiring an additional 115,924 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of AutoZone stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the transaction, the vice president now directly owns 1,218 shares of the company's stock, valued at approximately $3,785,166.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP John Scott Murphy sold 1,580 shares of the business's stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the completion of the sale, the vice president now directly owns 1,218 shares of the company's stock, valued at $3,785,166.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman William C. Rhodes III sold 13,000 shares of the business's stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the completion of the sale, the chairman now directly owns 13,857 shares of the company's stock, valued at $43,055,777.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,880 shares of company stock valued at $46,225,660 over the last 90 days. 2.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley upped their price target on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an "overweight" rating in a report on Wednesday, September 25th. StockNews.com lowered shares of AutoZone from a "buy" rating to a "hold" rating in a research report on Saturday, September 21st. DA Davidson reiterated a "neutral" rating and issued a $3,025.00 price target on shares of AutoZone in a report on Monday, September 30th. Mizuho raised their price objective on shares of AutoZone from $3,280.00 to $3,350.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 25th. Finally, Citigroup decreased their price objective on AutoZone from $3,787.00 to $3,500.00 and set a "buy" rating on the stock in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $3,202.71.

AutoZone Stock Up 0.1 %

AZO traded up $2.32 during trading on Tuesday, hitting $3,175.72. The company's stock had a trading volume of 127,277 shares, compared to its average volume of 139,078. The firm's 50 day moving average price is $3,111.88 and its two-hundred day moving average price is $3,019.95. The stock has a market capitalization of $53.67 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 1.57 and a beta of 0.71. AutoZone, Inc. has a 12 month low of $2,510.00 and a 12 month high of $3,256.37.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing analysts' consensus estimates of $53.31 by ($5.20). The company had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.25 billion. AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $46.46 earnings per share. On average, sell-side analysts forecast that AutoZone, Inc. will post 158.09 earnings per share for the current year.

AutoZone Company 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.