GenTrust LLC Sells 53 Shares of AutoZone, Inc. (NYSE:AZO)

GenTrust LLC lowered its stake in AutoZone, Inc. (NYSE:AZO) by 28.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 135 shares of the company’s stock after selling 53 shares during the period. GenTrust LLC’s holdings in AutoZone were worth $349,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. RB Capital Management LLC bought a new stake in shares of AutoZone in the first quarter worth $274,000. Fairfield Bush & CO. bought a new stake in shares of AutoZone in the first quarter worth $57,000. Roundview Capital LLC lifted its stake in AutoZone by 8.1% in the first quarter. Roundview Capital LLC now owns 426 shares of the company’s stock valued at $871,000 after acquiring an additional 32 shares during the last quarter. Cetera Advisor Networks LLC lifted its stake in AutoZone by 31.7% in the first quarter. Cetera Advisor Networks LLC now owns 237 shares of the company’s stock valued at $485,000 after acquiring an additional 57 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in AutoZone by 24.4% in the first quarter. Sei Investments Co. now owns 12,966 shares of the company’s stock valued at $26,331,000 after acquiring an additional 2,545 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Down 1.3 %

Shares of AutoZone stock opened at $3,152.07 on Friday. The company has a market capitalization of $54.53 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 1.69 and a beta of 0.70. AutoZone, Inc. has a 12-month low of $2,277.88 and a 12-month high of $3,256.37. The firm’s 50-day moving average price is $2,912.84 and its two-hundred day moving average price is $2,699.29.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share for the quarter, beating analysts’ consensus estimates of $26.08 by $2.81. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same period last year, the company posted $24.64 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts expect that AutoZone, Inc. will post 151.33 earnings per share for the current year.

Insider Activity

In other news, Chairman William C. Rhodes III sold 6,700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares in the company, valued at approximately $48,992,208.54. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares in the company, valued at approximately $48,992,208.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Thomas B. Newbern sold 7,800 shares of AutoZone stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $2,551.62, for a total transaction of $19,902,636.00. Following the sale, the chief operating officer now owns 2,519 shares in the company, valued at $6,427,530.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,797 shares of company stock worth $81,010,974. Corporate insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AZO. TheStreet cut shares of AutoZone from a “c” rating to a “d+” rating in a research note on Wednesday, December 20th. Evercore ISI increased their price target on shares of AutoZone from $3,375.00 to $3,400.00 and gave the company an “outperform” rating in a research note on Tuesday. StockNews.com cut shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Wednesday. Truist Financial increased their price objective on shares of AutoZone from $3,027.00 to $3,363.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, UBS Group increased their price objective on shares of AutoZone from $3,100.00 to $3,425.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AutoZone presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,080.72.

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.