Fiera Capital Corp Sells 7,342 Shares of AutoZone, Inc. (NYSE:AZO)

Fiera Capital Corp reduced its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 423,050 shares of the company's stock after selling 7,342 shares during the period. AutoZone makes up 4.0% of Fiera Capital Corp's portfolio, making the stock its 5th biggest holding. Fiera Capital Corp owned about 2.50% of AutoZone worth $1,332,624,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new position in shares of AutoZone during the third quarter valued at about $36,000. Meeder Asset Management Inc. raised its stake in AutoZone by 50.0% in the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company's stock worth $44,000 after buying an additional 5 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in AutoZone in the third quarter worth about $47,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of AutoZone during the second quarter valued at approximately $50,000. Finally, ORG Partners LLC bought a new position in shares of AutoZone during the second quarter valued at approximately $50,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AutoZone

In related news, VP John Scott Murphy sold 1,580 shares of the firm's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the completion of the transaction, the vice president now owns 1,218 shares of the company's stock, valued at approximately $3,785,166.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman William C. Rhodes III sold 13,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chairman now directly owns 13,857 shares in the company, valued at approximately $43,055,777.55. 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 hyperlink. Also, VP John Scott Murphy sold 1,580 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the completion of the transaction, the vice president now owns 1,218 shares of the company's stock, valued at $3,785,166.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,880 shares of company stock valued at $46,225,660. Corporate insiders own 2.50% of the company's stock.

AutoZone Stock Performance

AutoZone stock traded down $39.01 during trading hours on Friday, hitting $3,111.17. 145,830 shares of the stock were exchanged, compared to its average volume of 138,977. The stock has a market capitalization of $52.58 billion, a P/E ratio of 20.78, a P/E/G ratio of 1.54 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. The business's 50-day moving average is $3,112.04 and its two-hundred day moving average is $3,017.76.

AutoZone (NYSE:AZO - Get Free Report) last posted its earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing the consensus estimate of $53.31 by ($5.20). The firm had revenue of $6.21 billion during 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 company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $46.46 earnings per share. On average, equities analysts predict that AutoZone, Inc. will post 158.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AZO. Redburn Atlantic raised shares of AutoZone to a "strong-buy" rating in a research report on Tuesday, October 1st. DA Davidson reaffirmed a "neutral" rating and issued a $3,025.00 target price on shares of AutoZone in a research report on Monday, September 30th. Citigroup cut their target price on shares of AutoZone from $3,787.00 to $3,500.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. Roth Capital raised shares of AutoZone to a "strong-buy" rating in a research report on Tuesday, October 15th. Finally, BNP Paribas raised shares of AutoZone to a "strong-buy" rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $3,202.71.

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.