Rockefeller Capital Management L.P. Decreases Holdings in AutoZone, Inc. (NYSE:AZO)

Rockefeller Capital Management L.P. reduced its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 25.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,150 shares of the company's stock after selling 9,119 shares during the period. Rockefeller Capital Management L.P. owned 0.16% of AutoZone worth $83,732,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AZO. Proficio Capital Partners LLC boosted its holdings in shares of AutoZone by 482,040.2% during the 4th quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company's stock worth $1,343,117,000 after buying an additional 419,375 shares in the last quarter. Norges Bank acquired a new position in shares of AutoZone during the 4th quarter valued at $834,556,000. Strategic Financial Concepts LLC bought a new position in AutoZone during the fourth quarter worth $471,629,000. Wealthfront Advisers LLC grew its holdings in AutoZone by 6,083.9% in the fourth quarter. Wealthfront Advisers LLC now owns 90,656 shares of the company's stock worth $290,281,000 after purchasing an additional 89,190 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in AutoZone in the fourth quarter valued at $189,483,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AutoZone

In related news, SVP Bailey L. Childress sold 160 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the sale, the senior vice president now directly owns 50 shares in the company, valued at approximately $177,500. The trade was a 76.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Philip B. Daniele sold 2,000 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the completion of the transaction, the chief executive officer now owns 163 shares of the company's stock, valued at approximately $619,401.63. This represents a 92.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,721 shares of company stock valued at $24,609,331 in the last 90 days. 2.10% of the stock is currently owned by company insiders.

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AutoZone Stock Up 0.5 %

AZO traded up $18.69 during trading hours on Monday, hitting $3,678.29. The stock had a trading volume of 118,253 shares, compared to its average volume of 133,317. The stock has a market cap of $61.73 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,916.81. The company's fifty day simple moving average is $3,560.50 and its 200 day simple moving average is $3,330.17.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on AZO. Raymond James reaffirmed a "strong-buy" rating on shares of AutoZone in a research report on Wednesday, March 5th. Mizuho upped their target price on AutoZone from $3,600.00 to $3,740.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. BMO Capital Markets lifted their price target on shares of AutoZone from $3,700.00 to $3,850.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Roth Capital set a $3,763.00 price objective on shares of AutoZone in a report on Wednesday, March 5th. Finally, Truist Financial lifted their price objective on shares of AutoZone from $3,753.00 to $3,841.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $3,724.00.

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.