Robeco Institutional Asset Management B.V. Has $299.58 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

Robeco Institutional Asset Management B.V. decreased its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 6.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,102 shares of the company's stock after selling 6,282 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.56% of AutoZone worth $299,575,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its position in shares of AutoZone by 354,692.5% in the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company's stock valued at $31,293,100,000 after buying an additional 993,139 shares in the last quarter. Boston Partners increased its holdings in AutoZone by 1.7% during the 1st quarter. Boston Partners now owns 382,169 shares of the company's stock valued at $1,202,596,000 after acquiring an additional 6,226 shares in the last quarter. PineStone Asset Management Inc. raised its position in AutoZone by 137.6% during the second quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company's stock worth $918,998,000 after acquiring an additional 179,543 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of AutoZone by 564.2% in the first quarter. Captrust Financial Advisors now owns 152,091 shares of the company's stock valued at $479,338,000 after purchasing an additional 129,193 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of AutoZone by 2.3% in the second quarter. Legal & General Group Plc now owns 150,698 shares of the company's stock valued at $446,684,000 after purchasing an additional 3,382 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

AutoZone Trading Up 2.2 %

NYSE AZO traded up $65.16 on Monday, reaching $3,046.35. The stock had a trading volume of 102,729 shares, compared to its average volume of 138,579. AutoZone, Inc. has a 1 year low of $2,510.00 and a 1 year high of $3,256.37. The business has a 50 day moving average price of $3,116.91 and a 200 day moving average price of $3,013.96. The company has a market capitalization of $51.48 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 1.52 and a beta of 0.71.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings results on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing the consensus estimate of $53.31 by ($5.20). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The business had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same quarter last year, the company earned $46.46 EPS. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts anticipate that AutoZone, Inc. will post 158.09 earnings per share for the current fiscal year.

Insider Activity at AutoZone

In other AutoZone news, Chairman William C. Rhodes III sold 300 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the completion of the sale, the chairman now owns 13,857 shares of the company's stock, valued at $42,613,046.40. This represents a 0.00 % 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. In related news, Chairman William C. Rhodes III sold 300 shares of the business's stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the completion of the transaction, the chairman now owns 13,857 shares of the company's stock, valued at approximately $42,613,046.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman William C. Rhodes III sold 13,000 shares of the firm'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 sale, the chairman now directly owns 13,857 shares in the company, valued at $43,055,777.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,880 shares of company stock valued at $46,225,660. Corporate insiders own 2.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AZO shares. DA Davidson reaffirmed a "neutral" rating and issued a $3,025.00 target price on shares of AutoZone in a research note on Monday, September 30th. Mizuho increased their price objective on AutoZone from $3,280.00 to $3,350.00 and gave the company an "outperform" rating in a research note on Wednesday, September 25th. 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 note on Wednesday, September 25th. UBS Group raised their price target 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. Finally, Evercore ISI boosted their price objective on shares of AutoZone from $3,300.00 to $3,350.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $3,202.71.

AutoZone 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.