AutoZone, Inc. $AZO Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its position in AutoZone, Inc. (NYSE:AZO) by 13.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,096 shares of the company’s stock after selling 498 shares during the quarter. Intech Investment Management LLC’s holdings in AutoZone were worth $13,283,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in AZO. Raleigh Capital Management Inc. purchased a new stake in AutoZone in the 3rd quarter valued at approximately $26,000. Aspect Partners LLC lifted its holdings in shares of AutoZone by 700.0% in the 2nd quarter. Aspect Partners LLC now owns 8 shares of the company’s stock valued at $30,000 after buying an additional 7 shares during the period. Global Trust Asset Management LLC boosted its stake in shares of AutoZone by 600.0% in the third quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock valued at $30,000 after buying an additional 6 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in AutoZone during the second quarter worth $33,000. Finally, NewSquare Capital LLC grew its holdings in AutoZone by 50.0% during the second quarter. NewSquare Capital LLC now owns 9 shares of the company’s stock worth $33,000 after acquiring an additional 3 shares during the period. 92.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Gabelli restated a “buy” rating on shares of AutoZone in a research report on Thursday, November 6th. Morgan Stanley decreased their price objective on shares of AutoZone from $4,700.00 to $4,000.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. Raymond James Financial lowered their target price on shares of AutoZone from $4,800.00 to $4,600.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, December 10th. Evercore reissued an “outperform” rating and set a $4,100.00 price target on shares of AutoZone in a research note on Wednesday, December 10th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $4,400.00 price objective on shares of AutoZone in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, AutoZone has an average rating of “Moderate Buy” and a consensus price target of $4,279.58.

AutoZone Price Performance

Shares of AZO opened at $3,656.92 on Friday. AutoZone, Inc. has a 1-year low of $3,210.72 and a 1-year high of $4,388.11. The stock has a market cap of $60.60 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 1.74 and a beta of 0.41. The firm has a 50 day simple moving average of $3,587.34 and a 200-day simple moving average of $3,833.70.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, December 9th. The company reported $31.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $32.69 by ($1.65). The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.64 billion. AutoZone had a net margin of 12.78% and a negative return on equity of 65.38%. AutoZone’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $32.52 EPS. On average, equities analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AutoZone news, Director Earl G. Graves, Jr. sold 250 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $3,295.00, for a total value of $823,750.00. Following the transaction, the director directly owned 4,887 shares in the company, valued at approximately $16,102,665. This represents a 4.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Hannasch purchased 147 shares of the stock in a transaction dated Thursday, December 18th. The shares were purchased at an average price of $3,393.09 per share, with a total value of $498,784.23. Following the completion of the acquisition, the director owned 962 shares of the company’s stock, valued at approximately $3,264,152.58. This represents a 18.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 347 shares of company stock valued at $1,179,256 and sold 9,447 shares valued at $34,179,923. Insiders own 2.60% of the company’s stock.

AutoZone Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.