AutoZone, Inc. (NYSE:AZO) Shares Acquired by Glenview Trust co

Glenview Trust co boosted its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 116.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 311 shares of the company's stock after purchasing an additional 167 shares during the quarter. Glenview Trust co's holdings in AutoZone were worth $996,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Harbour Investments Inc. increased its holdings in shares of 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 period. Darwin Wealth Management LLC purchased a new stake in shares of AutoZone in the third quarter valued at about $47,000. Crews Bank & Trust purchased a new stake in shares of AutoZone in the fourth quarter valued at approximately $61,000. McIlrath & Eck LLC grew its holdings in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after acquiring an additional 4 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in AutoZone in the fourth quarter valued at $67,000. Institutional investors and hedge funds own 92.74% of the company's stock.

Analyst Ratings Changes

AZO has been the topic of a number of research analyst reports. Raymond James reissued a "strong-buy" rating on shares of AutoZone in a report on Wednesday, March 5th. BMO Capital Markets boosted their price target on AutoZone from $3,700.00 to $3,850.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. UBS Group raised their price objective on AutoZone from $3,875.00 to $4,025.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Citigroup boosted their target price on AutoZone from $3,500.00 to $3,900.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, TD Cowen lifted their price target on AutoZone from $3,450.00 to $3,800.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $3,683.36.

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AutoZone Trading Up 0.9 %

AZO traded up $32.50 during midday trading on Friday, hitting $3,605.88. The company's stock had a trading volume of 208,153 shares, compared to its average volume of 126,345. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,704.43. The firm has a 50-day moving average price of $3,426.29 and a two-hundred day moving average price of $3,254.98. The firm has a market cap of $60.51 billion, a P/E ratio of 24.09, a PEG ratio of 1.86 and a beta of 0.71.

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

Insiders Place Their Bets

In other AutoZone news, SVP Bailey L. Childress sold 160 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was 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 directly owns 50 shares of the company's stock, valued at $177,500. This trade represents a 76.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Dennis W. Leriche sold 1,575 shares of the company'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 completion of the sale, the vice president now directly owns 417 shares of the company's stock, valued at $1,501,200. The trade was a 79.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,871 shares of company stock worth $6,720,811 over the last ninety days. 2.10% of the stock is owned by company insiders.

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.