Mitsubishi UFJ Asset Management Co. Ltd. Has $499.92 Million Position in AutoZone, Inc. (NYSE:AZO)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 21.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,939 shares of the company's stock after buying an additional 26,599 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.91% of AutoZone worth $499,924,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC acquired a new position in AutoZone during the 4th quarter valued at approximately $32,000. Harbour Investments Inc. boosted its stake in AutoZone by 42.9% during 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 in the last quarter. Crews Bank & Trust acquired a new position in shares of AutoZone during the 4th quarter valued at $61,000. McIlrath & Eck LLC increased its position in shares of 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 purchasing an additional 4 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in AutoZone in the fourth quarter worth about $67,000. 92.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AZO has been the topic of a number of analyst reports. 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. Truist Financial increased their price objective on AutoZone from $3,753.00 to $3,841.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Argus cut AutoZone from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Barclays increased their price target on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an "overweight" rating in a research report on Thursday, January 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of AutoZone from $3,775.00 to $3,830.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, AutoZone presently has an average rating of "Moderate Buy" and an average price target of $3,683.36.

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Insider Buying and Selling at AutoZone

In other AutoZone news, VP Dennis W. Leriche sold 1,575 shares of the company's stock in a transaction that occurred on 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 transaction, the vice president now owns 417 shares of the company's stock, valued at $1,501,200. This represents a 79.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 50 shares in the company, valued at $177,500. The trade was a 76.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,721 shares of company stock valued at $24,609,331 in the last ninety days. Company insiders own 2.10% of the company's stock.

AutoZone Trading Up 1.4 %

NYSE:AZO traded up $51.72 during mid-day trading on Monday, hitting $3,822.72. 58,136 shares of the company's stock traded hands, compared to its average volume of 129,995. The firm has a market capitalization of $64.15 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. The firm has a 50 day moving average of $3,483.80 and a two-hundred day moving average of $3,280.69. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,844.83.

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

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.