Avior Wealth Management LLC Sells 7 Shares of AutoZone, Inc. (NYSE:AZO)

Avior Wealth Management LLC lessened its position in AutoZone, Inc. (NYSE:AZO) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320 shares of the company’s stock after selling 7 shares during the period. Avior Wealth Management LLC’s holdings in AutoZone were worth $827,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AZO. International Assets Investment Management LLC grew its position in shares of AutoZone by 232,194.6% in the 4th quarter. International Assets Investment Management LLC now owns 731,728 shares of the company’s stock valued at $1,891,963,000 after acquiring an additional 731,413 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in shares of AutoZone by 107,977.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 699,260 shares of the company’s stock worth $1,724,500,000 after buying an additional 698,613 shares during the period. Royal Bank of Canada boosted its holdings in shares of AutoZone by 368.0% during the 1st quarter. Royal Bank of Canada now owns 411,450 shares of the company’s stock worth $841,242,000 after buying an additional 323,536 shares during the period. Norges Bank bought a new stake in shares of AutoZone during the 4th quarter worth about $658,788,000. Finally, Wellington Management Group LLP boosted its holdings in shares of AutoZone by 111.4% during the 3rd quarter. Wellington Management Group LLP now owns 335,190 shares of the company’s stock worth $851,379,000 after buying an additional 176,623 shares during the period. Institutional investors own 92.74% of the company’s stock.

AutoZone Trading Up 1.0 %

Shares of NYSE:AZO opened at $2,938.26 on Thursday. The firm has a 50 day moving average of $2,994.12 and a 200-day moving average of $2,752.63. The stock has a market capitalization of $50.89 billion, a PE ratio of 20.69, a PEG ratio of 1.45 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.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, February 27th. The company reported $28.89 EPS for the quarter, beating the consensus estimate of $26.08 by $2.81. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.32 billion. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $24.64 EPS. On average, research analysts predict that AutoZone, Inc. will post 151.98 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Richard Craig Smith sold 3,000 shares of the company’s 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 completion of the transaction, 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 is available through the SEC website. In related news, VP Richard Craig Smith sold 3,000 shares of the company’s 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 completion of the transaction, 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 is available through the SEC website. Also, Chairman William C. Rhodes III sold 6,700 shares of the company’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 transaction of $21,374,474.00. Following the completion of the transaction, the chairman now owns 15,357 shares of the company’s stock, valued at $48,992,208.54. The disclosure for this sale can be found here. Insiders sold a total of 17,890 shares of company stock worth $55,531,693 in the last three months. 2.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on AZO shares. JPMorgan Chase & Co. lifted their target price on shares of AutoZone from $3,000.00 to $3,200.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. StockNews.com downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Truist Financial lifted their target price on shares of AutoZone from $3,363.00 to $3,523.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Wedbush lifted their target price on shares of AutoZone from $2,950.00 to $3,400.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Finally, Mizuho started coverage on shares of AutoZone in a report on Tuesday, March 19th. They issued a “buy” rating and a $3,450.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AutoZone presently has a consensus rating of “Moderate Buy” and an average price target of $3,086.61.

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.