Northwest & Ethical Investments L.P. Sells 3,389 Shares of AutoZone, Inc. (NYSE:AZO)

Northwest & Ethical Investments L.P. trimmed its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 25.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,995 shares of the company's stock after selling 3,389 shares during the period. AutoZone comprises 0.9% of Northwest & Ethical Investments L.P.'s portfolio, making the stock its 19th largest position. Northwest & Ethical Investments L.P. owned 0.06% of AutoZone worth $32,004,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Flagship Wealth Advisors LLC purchased a new stake in AutoZone in the 4th quarter worth approximately $32,000. Harbour Investments Inc. raised its holdings in shares of AutoZone by 42.9% during the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after acquiring an additional 3 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of AutoZone during the third quarter valued at about $47,000. Crews Bank & Trust bought a new position in AutoZone in the fourth quarter worth about $61,000. Finally, McIlrath & Eck LLC lifted its holdings in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after buying an additional 4 shares during the period. 92.74% of the stock is owned by institutional investors.

AutoZone Stock Up 1.6 %

NYSE:AZO traded up $57.10 on Monday, hitting $3,663.44. The stock had a trading volume of 115,925 shares, compared to its average volume of 126,351. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,708.69. The stock has a market cap of $61.48 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. The business's 50-day simple moving average is $3,441.73 and its two-hundred day simple moving average is $3,263.12.

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

Insider Activity

In other AutoZone news, SVP K. Michelle Borninkhof sold 136 shares of AutoZone 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 of the company's stock, valued at $1,430,682.24. The trade was 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 through the SEC website. Also, VP Richard Craig Smith sold 2,850 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $3,610.00, for a total transaction of $10,288,500.00. Following the completion of the sale, the vice president now directly owns 2,924 shares of the company's stock, valued at approximately $10,555,640. This trade represents a 49.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,721 shares of company stock valued at $17,009,311 in the last 90 days. Company insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on AZO shares. Wedbush reissued an "outperform" rating and set a $3,700.00 price objective on shares of AutoZone in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price target on shares of AutoZone from $3,775.00 to $3,830.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Roth Capital set a $3,763.00 price objective on shares of AutoZone in a research note on Wednesday, March 5th. Morgan Stanley raised their target price on shares of AutoZone from $3,490.00 to $3,750.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Finally, Barclays boosted their price target on AutoZone from $3,024.00 to $3,585.00 and gave the stock an "overweight" rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $3,683.36.

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.