UniSuper Management Pty Ltd Has $1.85 Million Position in AutoZone, Inc. (NYSE:AZO)

UniSuper Management Pty Ltd raised its holdings in AutoZone, Inc. (NYSE:AZO) by 257.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 586 shares of the company’s stock after buying an additional 422 shares during the period. UniSuper Management Pty Ltd’s holdings in AutoZone were worth $1,847,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Summit Trail Advisors LLC increased its stake in AutoZone by 3.8% in the 4th quarter. Summit Trail Advisors LLC now owns 110 shares of the company’s stock valued at $283,000 after buying an additional 4 shares during the last quarter. Guardian Capital LP increased its stake in shares of AutoZone by 1.3% during the 4th quarter. Guardian Capital LP now owns 301 shares of the company’s stock worth $778,000 after purchasing an additional 4 shares during the last quarter. Quent Capital LLC increased its stake in shares of AutoZone by 4.8% during the 1st quarter. Quent Capital LLC now owns 88 shares of the company’s stock worth $277,000 after purchasing an additional 4 shares during the last quarter. TriaGen Wealth Management LLC increased its stake in shares of AutoZone by 3.9% during the 4th quarter. TriaGen Wealth Management LLC now owns 133 shares of the company’s stock worth $344,000 after purchasing an additional 5 shares during the last quarter. Finally, Stiles Financial Services Inc increased its stake in shares of AutoZone by 2.7% during the 4th quarter. Stiles Financial Services Inc now owns 191 shares of the company’s stock worth $494,000 after purchasing an additional 5 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AutoZone

In other news, VP Jenna M. Bedsole purchased 36 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of $2,757.10 per share, with a total value of $99,255.60. Following the acquisition, the vice president now owns 36 shares in the company, valued at approximately $99,255.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is currently owned by insiders.

AutoZone Trading Up 0.7 %

NYSE AZO traded up $20.20 during trading on Wednesday, reaching $2,941.73. The company’s stock had a trading volume of 126,767 shares, compared to its average volume of 148,292. The firm has a market capitalization of $50.24 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.48 and a beta of 0.71. AutoZone, Inc. has a 12 month low of $2,375.35 and a 12 month high of $3,256.37. The firm has a 50 day moving average price of $2,870.98 and a 200 day moving average price of $2,901.41.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, May 21st. The company reported $36.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $35.67 by $1.02. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.29 billion. AutoZone had a net margin of 14.60% and a negative return on equity of 54.58%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $34.12 EPS. On average, equities analysts forecast that AutoZone, Inc. will post 151.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Guggenheim boosted their price objective on shares of AutoZone from $3,150.00 to $3,225.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Evercore ISI lowered their price objective on shares of AutoZone from $3,278.00 to $3,275.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Oppenheimer restated a “market perform” rating and set a $2,600.00 price objective on shares of AutoZone in a research note on Wednesday, June 26th. Wolfe Research lowered their price objective on shares of AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 22nd. Finally, Morgan Stanley decreased their price target on shares of AutoZone from $3,100.00 to $3,038.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, AutoZone presently has an average rating of “Moderate Buy” and an average price target of $3,112.71.

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.