Boston Private Wealth LLC Purchases Shares of 160 AutoZone, Inc. (NYSE:AZO)

Boston Private Wealth LLC purchased a new stake in shares of AutoZone, Inc. (NYSE:AZO) in the third quarter, HoldingsChannel reports. The institutional investor purchased 160 shares of the company’s stock, valued at approximately $271,000.

Several other institutional investors have also recently added to or reduced their stakes in AZO. Nordea Investment Management AB grew its stake in shares of AutoZone by 69.9% during the 3rd quarter. Nordea Investment Management AB now owns 1,080,972 shares of the company’s stock valued at $1,854,732,000 after purchasing an additional 444,581 shares during the period. Marathon Asset Mgmt Ltd bought a new stake in shares of AutoZone during the 3rd quarter valued at about $256,087,000. Price T Rowe Associates Inc. MD grew its stake in shares of AutoZone by 27.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 290,484 shares of the company’s stock valued at $433,466,000 after purchasing an additional 62,206 shares during the period. Morgan Stanley grew its stake in shares of AutoZone by 26.4% during the 2nd quarter. Morgan Stanley now owns 291,351 shares of the company’s stock valued at $434,761,000 after purchasing an additional 60,824 shares during the period. Finally, Macquarie Group Ltd. grew its stake in shares of AutoZone by 195.0% during the 2nd quarter. Macquarie Group Ltd. now owns 88,961 shares of the company’s stock valued at $132,749,000 after purchasing an additional 58,809 shares during the period. Institutional investors and hedge funds own 91.01% of the company’s stock.

In related news, Director George R. Mrkonic, Jr. sold 217 shares of the stock in a transaction on Tuesday, January 4th. The stock was sold at an average price of $2,046.87, for a total transaction of $444,170.79. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John Scott Murphy sold 2,250 shares of the stock in a transaction on Monday, January 3rd. The shares were sold at an average price of $2,055.61, for a total value of $4,625,122.50. The disclosure for this sale can be found here. Insiders have sold a total of 10,525 shares of company stock worth $20,958,078 over the last ninety days. Insiders own 2.60% of the company’s stock.

A number of brokerages recently issued reports on AZO. Wells Fargo & Company boosted their price objective on AutoZone from $2,200.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Wednesday, January 5th. Wedbush boosted their price objective on AutoZone from $1,900.00 to $2,250.00 and gave the company an “outperform” rating in a research note on Wednesday, December 8th. Citigroup boosted their price objective on AutoZone from $1,950.00 to $2,332.00 and gave the company a “buy” rating in a research note on Wednesday, December 8th. Truist began coverage on AutoZone in a research note on Thursday. They set a “buy” rating for the company. Finally, DA Davidson boosted their price objective on AutoZone from $1,980.00 to $2,100.00 in a research note on Thursday, December 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $2,038.74.

Shares of AZO opened at $2,033.48 on Friday. The stock has a market capitalization of $41.95 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.73 and a beta of 0.88. AutoZone, Inc. has a 1 year low of $1,111.71 and a 1 year high of $2,110.00. The business’s 50 day simple moving average is $1,959.51 and its 200-day simple moving average is $1,750.97.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 7th. The company reported $25.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $20.87 by $4.82. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.38 billion. AutoZone had a negative return on equity of 126.68% and a net margin of 15.08%. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the prior year, the firm earned $18.61 EPS. As a group, analysts expect that AutoZone, Inc. will post 107.41 earnings per share for the current year.

AutoZone Profile

AutoZone, Inc engages in the retail and distribution of automotive replacement parts and accessories. The firm offers ALLDATA, which produces, sells, and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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