AutoZone, Inc. (NYSE:AZO) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lowered its stake in shares of AutoZone, Inc. (NYSE:AZO) by 1.4% during the third quarter, Holdings Channel reports. The fund owned 6,800 shares of the company’s stock after selling 100 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in AutoZone were worth $21,420,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Financial Counselors Inc. purchased a new stake in AutoZone in the 1st quarter worth approximately $236,000. Rehmann Capital Advisory Group increased its stake in AutoZone by 11.1% in the first quarter. Rehmann Capital Advisory Group now owns 130 shares of the company’s stock valued at $410,000 after purchasing an additional 13 shares during the last quarter. Larson Financial Group LLC lifted its position in AutoZone by 167.2% during the first quarter. Larson Financial Group LLC now owns 179 shares of the company’s stock worth $564,000 after buying an additional 112 shares during the period. Avidian Wealth Solutions LLC boosted its stake in AutoZone by 35.4% in the 1st quarter. Avidian Wealth Solutions LLC now owns 130 shares of the company’s stock worth $410,000 after buying an additional 34 shares during the last quarter. Finally, Buck Wealth Strategies LLC purchased a new stake in AutoZone in the 1st quarter valued at about $1,232,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Ratings Changes

AZO has been the topic of several recent analyst reports. BNP Paribas upgraded shares of AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. Roth Mkm reaffirmed a “buy” rating and set a $3,634.00 price target on shares of AutoZone in a research note on Wednesday, October 16th. Guggenheim boosted their price objective on shares of AutoZone from $3,225.00 to $3,350.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Wedbush reaffirmed an “outperform” rating and issued a $3,200.00 target price on shares of AutoZone in a research report on Thursday, September 19th. Finally, Redburn Atlantic upgraded AutoZone to a “strong-buy” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $3,202.71.

Insider Buying and Selling

In other AutoZone news, Chairman William C. Rhodes III sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the completion of the sale, the chairman now owns 13,857 shares in the company, valued at $43,055,777.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP John Scott Murphy sold 1,580 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the sale, the vice president now directly owns 1,218 shares of the company’s stock, valued at approximately $3,785,166.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman William C. Rhodes III sold 13,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the transaction, the chairman now owns 13,857 shares in the company, valued at $43,055,777.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,880 shares of company stock worth $46,225,660. 2.50% of the stock is currently owned by corporate insiders.

AutoZone Trading Up 2.2 %

NYSE AZO opened at $3,046.35 on Tuesday. The stock has a market cap of $51.48 billion, a P/E ratio of 20.35, a PEG ratio of 1.52 and a beta of 0.71. The company’s fifty day simple moving average is $3,116.91 and its 200-day simple moving average is $3,013.96. AutoZone, Inc. has a 52 week low of $2,510.00 and a 52 week high of $3,256.37.

AutoZone (NYSE:AZO) last issued 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 firm 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 quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $46.46 EPS. On average, research analysts expect that AutoZone, Inc. will post 158.09 EPS for the current fiscal year.

About AutoZone

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.