1,104 Shares of AutoZone, Inc. $AZO Purchased by Pensioenfonds Rail & OV

Pensioenfonds Rail & OV purchased a new stake in AutoZone, Inc. (NYSE:AZO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,104 shares of the company’s stock, valued at approximately $3,124,000.

Other large investors have also made changes to their positions in the company. Edmond DE Rothschild Holding S.A. acquired a new position in AutoZone in the second quarter worth approximately $29,000. Asset Dedication LLC lifted its stake in AutoZone by 150.0% in the first quarter. Asset Dedication LLC now owns 10 shares of the company’s stock valued at $34,000 after acquiring an additional 6 shares during the last quarter. Tacita Capital Inc acquired a new stake in AutoZone in the second quarter valued at approximately $32,000. Burkett Financial Services LLC acquired a new stake in AutoZone in the third quarter valued at approximately $31,000. Finally, Heritage Family Offices LLP bought a new stake in AutoZone in the third quarter worth approximately $31,000. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Up 0.4%

Shares of NYSE:AZO traded up $11.59 during trading on Friday, reaching $3,263.78. The stock had a trading volume of 144,161 shares, compared to its average volume of 165,425. AutoZone, Inc. has a 52 week low of $2,730.65 and a 52 week high of $3,996.25. The firm has a market capitalization of $52.51 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 1.67 and a beta of 0.37. The stock has a fifty day simple moving average of $3,020.64 and a two-hundred day simple moving average of $3,243.07.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, September 22nd. The company reported $56.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $55.51. The business had revenue of $6.59 billion during the quarter, compared to analysts’ expectations of $6.70 billion. AutoZone had a net margin of 12.65% and a negative return on equity of 90.08%. AutoZone’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $48.71 earnings per share. On average, analysts forecast that AutoZone, Inc. will post 170.30 EPS for the current year.

Insider Transactions at AutoZone

In related news, CFO Jamere Jackson sold 6,900 shares of AutoZone stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $3,319.71, for a total value of $22,905,999.00. Following the transaction, the chief financial officer owned 496 shares in the company, valued at $1,646,576.16. This trade represents a 93.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AZO shares. Truist Financial dropped their price target on shares of AutoZone from $3,817.00 to $3,648.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. Evercore restated an “outperform” rating on shares of AutoZone in a report on Wednesday, September 23rd. BMO Capital Markets reduced their price objective on shares of AutoZone from $4,000.00 to $3,500.00 and set an “outperform” rating for the company in a research note on Wednesday, September 23rd. TD Cowen reiterated a “buy” rating on shares of AutoZone in a report on Monday, October 26th. Finally, Oppenheimer set a $3,400.00 price objective on shares of AutoZone in a report on Wednesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3,674.36.

AutoZone Company Profile

AutoZone is a retailer and distributor of automotive replacement parts and accessories, serving do-it-yourself customers as well as professional repair shops. Its products include new and remanufactured parts, maintenance supplies, and accessories for cars, sport utility vehicles, and light trucks. The company also offers services such as battery testing and tool-loan programs at many stores. Founded in 1979 and headquartered in Memphis, Tennessee, the company operates stores in the United States, Mexico, and Brazil.