United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Increases Stock Holdings in AutoZone, Inc. (NYSE:AZO)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 24.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,859 shares of the company's stock after buying an additional 2,564 shares during the period. AutoZone accounts for about 1.6% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's portfolio, making the stock its 21st largest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned approximately 0.08% of AutoZone worth $41,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Penobscot Investment Management Company Inc. increased its position in AutoZone by 1.1% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 711 shares of the company's stock valued at $2,277,000 after buying an additional 8 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of AutoZone during the fourth quarter valued at about $458,000. Wambolt & Associates LLC raised its position in shares of AutoZone by 9.8% in the 4th quarter. Wambolt & Associates LLC now owns 90 shares of the company's stock valued at $288,000 after purchasing an additional 8 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in AutoZone by 0.4% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,086 shares of the company's stock worth $70,719,000 after purchasing an additional 86 shares in the last quarter. Finally, TIAA Trust National Association grew its position in AutoZone by 7.2% during the 4th quarter. TIAA Trust National Association now owns 267 shares of the company's stock worth $855,000 after purchasing an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

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AutoZone Trading Down 1.5 %

AZO traded down $58.39 on Friday, hitting $3,769.72. 166,671 shares of the company's stock were exchanged, compared to its average volume of 130,256. The firm has a 50-day moving average price of $3,483.80 and a 200-day moving average price of $3,279.56. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,838.00. The stock has a market cap of $63.26 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 1.86 and a beta of 0.71.

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

Insider Activity

In other news, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 owns 50 shares of the company's stock, valued at approximately $177,500. The trade was a 76.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP K. Michelle Borninkhof sold 136 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total value of $482,810.88. Following the completion of 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 6,721 shares of company stock valued at $24,609,331. 2.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Evercore ISI lifted their price objective on shares of AutoZone from $3,525.00 to $3,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. DA Davidson upgraded AutoZone from a "neutral" rating to a "buy" rating and boosted their price target for the company from $3,500.00 to $4,192.00 in a research note on Friday, March 21st. Truist Financial raised their price objective on AutoZone from $3,753.00 to $3,841.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Bank of America increased their price target on shares of AutoZone from $3,600.00 to $3,700.00 and gave the stock a "neutral" rating in a report on Wednesday, March 5th. Finally, TD Cowen lifted their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a "buy" rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, AutoZone currently has an average rating of "Moderate Buy" and an average target price of $3,683.36.

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.