AutoZone, Inc. (NYSE:AZO) Shares Sold by Central Bank & Trust Co.

Central Bank & Trust Co. reduced its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 91.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 258 shares of the company's stock after selling 2,841 shares during the period. Central Bank & Trust Co.'s holdings in AutoZone were worth $813,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC lifted its holdings in shares of AutoZone by 354,692.5% in the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company's stock worth $31,293,100,000 after buying an additional 993,139 shares during the period. Boston Partners lifted its stake in AutoZone by 1.7% in the first quarter. Boston Partners now owns 382,169 shares of the company's stock worth $1,202,596,000 after acquiring an additional 6,226 shares during the period. PineStone Asset Management Inc. grew its holdings in AutoZone by 137.6% during the 2nd 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 in the last quarter. Captrust Financial Advisors increased its position in AutoZone by 564.2% during the 1st 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 during the period. Finally, Legal & General Group Plc raised its holdings in shares of AutoZone by 2.3% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

AutoZone Stock Up 0.4 %

Shares of NYSE:AZO traded up $13.48 during trading on Tuesday, hitting $3,059.83. The stock had a trading volume of 138,576 shares, compared to its average volume of 138,579. The stock has a 50-day simple moving average of $3,116.91 and a two-hundred day simple moving average of $3,013.96. The stock has a market capitalization of $51.71 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. AutoZone, Inc. has a 12-month low of $2,510.00 and a 12-month high of $3,256.37.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing the consensus estimate of $53.31 by ($5.20). The business had revenue of $6.21 billion for 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 business's revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $46.46 earnings per share. As a group, sell-side analysts forecast that AutoZone, Inc. will post 158.09 earnings per share for the current year.

Insider Buying and Selling at AutoZone

In related news, Chairman William C. Rhodes III sold 300 shares of the firm'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 sale, the chairman now directly owns 13,857 shares of the company's stock, valued at $42,613,046.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman William C. Rhodes III sold 13,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the sale, the chairman now directly owns 13,857 shares of the company's stock, valued at $43,055,777.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman William C. Rhodes III sold 300 shares of AutoZone stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total value 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,880 shares of company stock valued at $46,225,660. 2.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AZO. Evercore ISI increased 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 note on Thursday, October 3rd. Roth Capital upgraded AutoZone to a "strong-buy" rating in a report on Tuesday, October 15th. UBS Group upped their price objective on AutoZone from $3,340.00 to $3,500.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Wedbush reiterated an "outperform" rating and issued a $3,200.00 target price on shares of AutoZone in a research note on Thursday, September 19th. Finally, DA Davidson reissued a "neutral" rating and set a $3,025.00 price target on shares of AutoZone in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, AutoZone currently has a consensus rating of "Moderate Buy" and an average target price of $3,202.71.

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.