AutoZone, Inc. (NYSE:AZO) Shares Sold by Carret Asset Management LLC

Carret Asset Management LLC trimmed its holdings in AutoZone, Inc. (NYSE:AZO) by 21.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 268 shares of the company’s stock after selling 75 shares during the quarter. Carret Asset Management LLC’s holdings in AutoZone were worth $844,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in AutoZone by 354,692.5% during the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after purchasing an additional 993,139 shares during the last quarter. Boston Partners increased its holdings in shares of AutoZone by 1.7% in the first quarter. Boston Partners now owns 382,169 shares of the company’s stock valued at $1,202,596,000 after buying an additional 6,226 shares in the last quarter. PineStone Asset Management Inc. lifted its position in shares of AutoZone by 137.6% during the 2nd quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock valued at $918,998,000 after acquiring an additional 179,543 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of AutoZone by 4.1% in the 1st quarter. Nordea Investment Management AB now owns 203,072 shares of the company’s stock worth $643,641,000 after acquiring an additional 7,988 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of AutoZone by 564.2% in the 1st quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock worth $479,338,000 after acquiring an additional 129,193 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of NYSE AZO opened at $3,130.96 on Monday. The business has a 50 day simple moving average of $3,132.96 and a 200 day simple moving average of $3,010.24. AutoZone, Inc. has a 52 week low of $2,425.00 and a 52 week high of $3,256.37. The stock has a market cap of $53.49 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 1.59 and a beta of 0.70.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing the consensus estimate of $53.31 by ($5.20). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The business had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same period in the prior year, the firm earned $46.46 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. On average, analysts predict that AutoZone, Inc. will post 157.99 EPS for the current year.

Insider Buying and Selling

In other AutoZone news, Chairman William C. Rhodes III sold 300 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the transaction, the chairman now directly owns 13,857 shares in the company, valued at $42,613,046.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other AutoZone news, Chairman William C. Rhodes III sold 300 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the transaction, the chairman now owns 13,857 shares in the company, valued at $42,613,046.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman William C. Rhodes III sold 13,000 shares of AutoZone stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the completion of the transaction, the chairman now directly owns 13,857 shares in the company, valued at approximately $43,055,777.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,880 shares of company stock worth $46,225,660. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Guggenheim upped their target price on AutoZone from $3,225.00 to $3,350.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Roth Mkm reaffirmed a “buy” rating and set a $3,634.00 price objective on shares of AutoZone in a research note on Wednesday, October 16th. Truist Financial lifted their target price on shares of AutoZone from $3,341.00 to $3,501.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Citigroup reduced their price target on shares of AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Finally, Wedbush reiterated an “outperform” rating and set a $3,200.00 price objective on shares of AutoZone in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, AutoZone presently has an average rating of “Moderate Buy” and a consensus target price of $3,202.71.

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.