AutoZone, Inc. (NYSE:AZO) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its position in shares of AutoZone, Inc. (NYSE:AZO) by 45.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 148 shares of the company’s stock after acquiring an additional 46 shares during the period. Summit Trail Advisors LLC’s holdings in AutoZone were worth $465,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Tidal Investments LLC raised its holdings in AutoZone by 5.7% in the first quarter. Tidal Investments LLC now owns 1,132 shares of the company’s stock valued at $3,590,000 after buying an additional 61 shares during the period. Plato Investment Management Ltd raised its stake in shares of AutoZone by 2,076.5% in the 1st quarter. Plato Investment Management Ltd now owns 370 shares of the company’s stock valued at $1,166,000 after acquiring an additional 353 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in shares of AutoZone by 1.2% during the 1st quarter. Citizens Financial Group Inc. RI now owns 427 shares of the company’s stock valued at $1,346,000 after acquiring an additional 5 shares in the last quarter. Virtu Financial LLC purchased a new stake in AutoZone during the 1st quarter worth $4,355,000. Finally, Delphi Management Inc. MA increased its holdings in AutoZone by 9.0% in the 1st quarter. Delphi Management Inc. MA now owns 412 shares of the company’s stock valued at $1,298,000 after purchasing an additional 34 shares in the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Trading Up 1.2 %

Shares of AZO opened at $3,147.95 on Wednesday. AutoZone, Inc. has a 52 week low of $2,510.00 and a 52 week high of $3,256.37. The firm has a market cap of $53.20 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.57 and a beta of 0.71. The stock has a 50 day moving average of $3,112.76 and a 200-day moving average of $3,031.85.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). The business had revenue of $6.21 billion during the quarter, compared to analyst estimates of $6.25 billion. AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $46.46 EPS. On average, sell-side analysts predict that AutoZone, Inc. will post 158.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

AZO has been the topic of a number of recent research reports. Morgan Stanley boosted their price objective on AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Guggenheim boosted their price target on AutoZone from $3,225.00 to $3,350.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Roth Capital raised shares of AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. Evercore ISI boosted their target price on shares of AutoZone from $3,300.00 to $3,350.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, UBS Group raised their price target on shares of AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $3,202.71.

Insider Activity at AutoZone

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the sale, the vice president now directly owns 1,218 shares in the company, valued at approximately $3,785,166.42. This trade represents a 56.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman William C. Rhodes III sold 300 shares of the company’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 transaction, the chairman now owns 13,857 shares of the company’s stock, valued at $42,613,046.40. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,880 shares of company stock valued at $46,225,660 in the last quarter. Insiders own 2.10% of the company’s stock.

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.