Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $11.51 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in shares of AutoZone, Inc. (NYSE:AZO) by 3.4% in the fourth quarter, HoldingsChannel reports. The fund owned 3,594 shares of the company’s stock after selling 125 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in AutoZone were worth $11,508,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Flagship Wealth Advisors LLC acquired a new position in AutoZone during the 4th quarter worth approximately $32,000. Harbour Investments Inc. boosted its position in AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after acquiring an additional 3 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in AutoZone during the 3rd quarter worth approximately $47,000. Crews Bank & Trust acquired a new position in AutoZone during the 4th quarter worth approximately $61,000. Finally, McIlrath & Eck LLC boosted its holdings in shares of AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after buying an additional 4 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analysts Set New Price Targets

AZO has been the subject of several recent analyst reports. UBS Group increased their price objective on AutoZone from $3,875.00 to $4,025.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Roth Mkm increased their price objective on AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Mizuho increased their price objective on AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Argus downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Finally, Wells Fargo & Company increased their price objective on AutoZone from $3,750.00 to $3,850.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,683.36.

AutoZone Stock Performance

Shares of NYSE AZO opened at $3,605.88 on Friday. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,704.43. The stock has a market capitalization of $60.51 billion, a P/E ratio of 24.09, a PEG ratio of 1.86 and a beta of 0.71. The stock’s fifty day moving average is $3,433.28 and its 200 day moving average is $3,257.92.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. Equities research analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Bailey L. Childress sold 160 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the transaction, the senior vice president now owns 50 shares in the company, valued at approximately $177,500. This trade represents a 76.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Richard Craig Smith sold 2,850 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the completion of the transaction, the vice president now owns 2,924 shares in the company, valued at $10,555,640. The trade was a 49.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,721 shares of company stock worth $17,009,311. Company insiders own 2.10% of the company’s stock.

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.