AutoZone, Inc. (NYSE:AZO) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp cut its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 2.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,091 shares of the company's stock after selling 589 shares during the period. Boston Trust Walden Corp owned approximately 0.17% of AutoZone worth $91,638,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. SG Americas Securities LLC boosted its holdings in AutoZone by 35.3% in the 1st quarter. SG Americas Securities LLC now owns 3,534 shares of the company's stock worth $11,138,000 after buying an additional 922 shares during the last quarter. Sei Investments Co. boosted its holdings in AutoZone by 60.7% in the 1st quarter. Sei Investments Co. now owns 22,315 shares of the company's stock worth $70,326,000 after buying an additional 8,427 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in AutoZone by 12.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 3,509 shares of the company's stock worth $11,059,000 after buying an additional 401 shares during the last quarter. Peak Financial Advisors LLC acquired a new stake in AutoZone in the 2nd quarter worth about $2,816,000. Finally, Verde Capital Management acquired a new stake in AutoZone in the 3rd quarter worth about $1,137,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Trading Down 0.7 %

AutoZone stock traded down $22.29 during trading on Friday, hitting $3,130.96. The company had a trading volume of 85,433 shares, compared to its average volume of 139,152. AutoZone, Inc. has a 1-year low of $2,425.00 and a 1-year high of $3,256.37. The company's 50 day simple moving average is $3,132.96 and its 200-day simple moving average is $3,010.58. The stock has a market cap of $53.49 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 1.59 and a beta of 0.70.

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 company had revenue of $6.21 billion during the quarter, compared to analyst estimates of $6.25 billion. AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The firm'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 EPS. As a group, analysts forecast that AutoZone, Inc. will post 157.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AZO. Guggenheim raised their target price on shares of AutoZone from $3,225.00 to $3,350.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. DA Davidson reissued a "neutral" rating and issued a $3,025.00 target price on shares of AutoZone in a research note on Monday, September 30th. Morgan Stanley raised their target price on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Wedbush reissued an "outperform" rating and issued a $3,200.00 target price on shares of AutoZone in a research note on Thursday, September 19th. Finally, UBS Group raised their target price on shares of AutoZone from $3,340.00 to $3,500.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $3,202.71.

Insiders Place Their Bets

In other AutoZone news, Chairman William C. Rhodes III sold 13,000 shares of the business's stock in a transaction 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 owns 13,857 shares in the company, valued at $43,055,777.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the business'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 in the company, valued at $3,785,166.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman William C. Rhodes III sold 13,000 shares of the business's stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the transaction, the chairman now owns 13,857 shares of the company's stock, valued at approximately $43,055,777.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,880 shares of company stock worth $46,225,660 over the last 90 days. Corporate insiders own 2.50% of the company's stock.

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.