AutoZone, Inc. (NYSE:AZO) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN cut its stake in shares of AutoZone, Inc. (NYSE:AZO) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 913 shares of the company’s stock after selling 55 shares during the quarter. OLD National Bancorp IN’s holdings in AutoZone were worth $2,361,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. LGT Capital Partners LTD. grew its position in shares of AutoZone by 32.2% during the fourth quarter. LGT Capital Partners LTD. now owns 27,250 shares of the company’s stock worth $70,458,000 after buying an additional 6,630 shares in the last quarter. Knights of Columbus Asset Advisors LLC grew its position in shares of AutoZone by 17.6% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 1,701 shares of the company’s stock worth $4,398,000 after buying an additional 255 shares in the last quarter. Graypoint LLC grew its position in shares of AutoZone by 8.3% during the fourth quarter. Graypoint LLC now owns 143 shares of the company’s stock worth $370,000 after buying an additional 11 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of AutoZone by 59.1% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,292 shares of the company’s stock worth $3,328,000 after buying an additional 480 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of AutoZone by 42,900.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 430 shares of the company’s stock worth $1,112,000 after buying an additional 429 shares in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on AZO. Evercore ISI lowered their price target on AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Friday, April 12th. UBS Group upped their price target on AutoZone from $3,100.00 to $3,425.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. upped their price target on AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Finally, DA Davidson upped their price target on AutoZone from $2,770.00 to $3,025.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,086.61.

AutoZone Price Performance

Shares of NYSE AZO opened at $2,963.27 on Tuesday. The stock has a fifty day moving average price of $3,010.24 and a 200 day moving average price of $2,764.30. AutoZone, Inc. has a 1-year low of $2,277.88 and a 1-year high of $3,256.37. The company has a market cap of $51.32 billion, a PE ratio of 20.87, a P/E/G ratio of 1.48 and a beta of 0.70.

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

Insider Buying and Selling

In related news, VP Eric S. Gould sold 2,100 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total transaction of $6,720,000.00. Following the completion of the sale, the vice president now directly owns 910 shares of the company’s stock, valued at $2,912,000. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other AutoZone news, VP Eric S. Gould sold 2,100 shares of the firm’s stock in a transaction on 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 completion of the sale, the vice president now owns 910 shares of the company’s stock, valued at $2,912,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Richard Craig Smith sold 3,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were 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 of the company’s stock, valued at approximately $8,756,456.96. The disclosure for this sale can be found here. Insiders sold a total of 15,990 shares of company stock valued at $50,335,193 over the last three months. 2.50% of the stock is currently owned by company insiders.

AutoZone Company 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.