Orange Investment Advisors Inc. Has $8.18 Million Stock Position in AutoZone, Inc. $AZO

Orange Investment Advisors Inc. reduced its position in AutoZone, Inc. (NYSE:AZO) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,411 shares of the company’s stock after selling 214 shares during the quarter. Orange Investment Advisors Inc.’s holdings in AutoZone were worth $8,180,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of AutoZone by 6.6% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,966 shares of the company’s stock worth $21,315,000 after acquiring an additional 306 shares in the last quarter. Summit Global Investments lifted its position in AutoZone by 132.8% during the 3rd quarter. Summit Global Investments now owns 319 shares of the company’s stock valued at $1,369,000 after purchasing an additional 182 shares during the period. Numerai GP LLC grew its position in shares of AutoZone by 1,199.3% during the 3rd quarter. Numerai GP LLC now owns 1,754 shares of the company’s stock worth $7,525,000 after buying an additional 1,619 shares during the period. Foundations Investment Advisors LLC acquired a new stake in shares of AutoZone in the 3rd quarter valued at approximately $678,000. Finally, Caprock Group LLC bought a new position in shares of AutoZone during the third quarter worth $4,049,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Earl G. Graves, Jr. sold 50 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the completion of the sale, the director owned 4,837 shares of the company’s stock, valued at $16,826,568.64. This trade represents a 1.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.60% of the stock is owned by corporate insiders.

AutoZone Stock Up 0.4%

Shares of AutoZone stock opened at $3,433.88 on Friday. The stock has a market cap of $56.59 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 1.75 and a beta of 0.43. AutoZone, Inc. has a twelve month low of $3,210.72 and a twelve month high of $4,388.11. The company’s fifty day moving average is $3,467.83 and its 200 day moving average is $3,586.78.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, March 3rd. The company reported $27.63 EPS for the quarter, beating analysts’ consensus estimates of $27.59 by $0.04. The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.31 billion. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $28.29 EPS. As a group, equities analysts anticipate that AutoZone, Inc. will post 148.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AZO shares. Mizuho raised their price target on AutoZone from $3,550.00 to $3,600.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. UBS Group set a $4,800.00 price objective on AutoZone in a report on Tuesday, March 3rd. DA Davidson set a $4,300.00 price target on shares of AutoZone in a research report on Thursday, March 5th. BMO Capital Markets decreased their target price on AutoZone from $4,400.00 to $4,300.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Finally, Roth Mkm decreased their target price on shares of AutoZone from $4,650.00 to $4,526.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $4,290.91.

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.