AutoZone, Inc. (NYSE:AZO) Shares Sold by Martin Investment Management LLC

Martin Investment Management LLC decreased its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,988 shares of the company's stock after selling 328 shares during the quarter. AutoZone makes up about 1.7% of Martin Investment Management LLC's holdings, making the stock its 22nd largest position. Martin Investment Management LLC's holdings in AutoZone were worth $6,366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pittenger & Anderson Inc. lifted its stake in AutoZone by 5.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 61 shares of the company's stock valued at $195,000 after buying an additional 3 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its position in shares of AutoZone by 2.0% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company's stock worth $487,000 after buying an additional 3 shares during the period. PDS Planning Inc grew its holdings in AutoZone by 2.3% during the fourth quarter. PDS Planning Inc now owns 132 shares of the company's stock worth $423,000 after acquiring an additional 3 shares during the period. Harbour Investments Inc. boosted its position in shares of AutoZone by 42.9% in the 4th 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 period. Finally, Meeder Advisory Services Inc. grew its stake in AutoZone by 0.8% during the 4th quarter. Meeder Advisory Services Inc. now owns 371 shares of the company's stock valued at $1,188,000 after acquiring an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

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Insider Activity

In related news, SVP K. Michelle Borninkhof sold 136 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the transaction, the senior vice president now owns 403 shares in the company, valued at $1,430,682.24. This represents a 25.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the sale, the senior vice president now owns 50 shares in the company, valued at $177,500. The trade was 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 sold 6,721 shares of company stock worth $24,609,331. 2.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AZO has been the subject of a number of recent research reports. Mizuho increased their price objective on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Roth Capital set a $3,763.00 target price on AutoZone in a research note on Wednesday, March 5th. JPMorgan Chase & Co. upped their target price on AutoZone from $3,775.00 to $3,830.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Morgan Stanley raised their price objective on AutoZone from $3,490.00 to $3,750.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Finally, DA Davidson raised AutoZone from a "neutral" rating to a "buy" rating and raised their target price for the stock from $3,500.00 to $4,192.00 in a research note on Friday, March 21st. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, AutoZone has an average rating of "Moderate Buy" and a consensus price target of $3,724.00.

AutoZone Price Performance

AutoZone stock traded down $206.00 during midday trading on Monday, hitting $3,447.24. The company's stock had a trading volume of 186,201 shares, compared to its average volume of 130,400. The company has a 50-day moving average price of $3,531.36 and a two-hundred day moving average price of $3,304.99. The company has a market cap of $57.85 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 1.86 and a beta of 0.54. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81.

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