Greenleaf Trust Sells 96 Shares of AutoZone, Inc. (NYSE:AZO)

Greenleaf Trust reduced its holdings in AutoZone, Inc. (NYSE:AZO) by 10.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 805 shares of the company’s stock after selling 96 shares during the quarter. Greenleaf Trust’s holdings in AutoZone were worth $2,081,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CWM LLC increased its position in shares of AutoZone by 1.3% in the third quarter. CWM LLC now owns 301 shares of the company’s stock valued at $765,000 after acquiring an additional 4 shares during the last quarter. Private Trust Co. NA increased its stake in shares of AutoZone by 2.9% during the 3rd quarter. Private Trust Co. NA now owns 142 shares of the company’s stock worth $361,000 after purchasing an additional 4 shares during the last quarter. Venturi Wealth Management LLC raised its stake in AutoZone by 2.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 202 shares of the company’s stock valued at $513,000 after acquiring an additional 4 shares during the period. Plancorp LLC raised its position in shares of AutoZone by 3.0% in the third quarter. Plancorp LLC now owns 136 shares of the company’s stock valued at $345,000 after purchasing an additional 4 shares during the period. Finally, Alcosta Capital Management Inc. lifted its position in AutoZone by 0.3% during the third quarter. Alcosta Capital Management Inc. now owns 1,255 shares of the company’s stock worth $3,188,000 after acquiring an additional 4 shares during the last quarter. 92.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on AZO. Evercore ISI decreased their price objective on AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating on the stock in a report on Tuesday. UBS Group lifted their price objective on shares of AutoZone from $3,100.00 to $3,425.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price target on shares of AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. DA Davidson increased their price target on AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, Mizuho began coverage on AutoZone in a research report on Tuesday, March 19th. They set a “buy” rating and a $3,450.00 target price for the company. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $3,086.61.

AutoZone Stock Performance

Shares of AZO traded up $12.37 during trading hours on Friday, reaching $2,985.54. The stock had a trading volume of 114,397 shares, compared to its average volume of 124,587. AutoZone, Inc. has a 12 month low of $2,277.88 and a 12 month high of $3,256.37. The stock has a market capitalization of $51.71 billion, a PE ratio of 21.02, a PEG ratio of 1.47 and a beta of 0.70. The company’s 50-day moving average is $3,005.06 and its two-hundred day moving average is $2,757.38.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $26.08 by $2.81. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.32 billion. During the same quarter in the prior year, the firm earned $24.64 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts anticipate that AutoZone, Inc. will post 152.4 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Richard Craig Smith sold 3,000 shares of AutoZone stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $2,997.76, for a total transaction of $8,993,280.00. Following the sale, the vice president now directly owns 2,921 shares in the company, valued at approximately $8,756,456.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Richard Craig Smith sold 3,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $2,997.76, for a total value of $8,993,280.00. Following the completion of the sale, the vice president now directly owns 2,921 shares in the company, valued at $8,756,456.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Eric S. Gould sold 2,100 shares of AutoZone stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the transaction, the vice president now directly owns 910 shares in the company, valued at $2,912,000. The disclosure for this sale can be found here. Insiders sold 15,990 shares of company stock valued at $50,335,193 over the last quarter. 2.50% of the stock is owned by company insiders.

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.