United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $48.24 Million Holdings in AutoZone, Inc. $AZO

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 15.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,224 shares of the company’s stock after purchasing an additional 1,882 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in AutoZone were worth $48,241,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Turning Point Benefit Group Inc. acquired a new position in shares of AutoZone in the 3rd quarter valued at about $25,000. Raleigh Capital Management Inc. acquired a new position in shares of AutoZone in the 3rd quarter valued at about $26,000. Torren Management LLC acquired a new position in shares of AutoZone in the 4th quarter valued at about $27,000. Newport Capital Group LLC acquired a new position in shares of AutoZone in the 4th quarter valued at about $35,000. Finally, Elevated Capital Advisors LLC acquired a new position in shares of AutoZone in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AZO. DA Davidson dropped their target price on AutoZone from $4,300.00 to $3,750.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays upped their target price on AutoZone from $3,800.00 to $3,900.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Guggenheim dropped their target price on AutoZone from $4,400.00 to $4,000.00 and set a “buy” rating on the stock in a report on Wednesday. Raymond James Financial reiterated a “strong-buy” rating on shares of AutoZone in a report on Wednesday. Finally, Citigroup dropped their target price on AutoZone from $4,300.00 to $3,700.00 and set a “buy” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $4,040.87.

Insider Buying and Selling at AutoZone

In other news, Director Earl G. Graves, Jr. sold 50 shares of the stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total value of $173,936.00. Following the completion of the sale, the director directly owned 4,837 shares of the company’s stock, valued at approximately $16,826,568.64. This represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Key Stories Impacting AutoZone

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: AutoZone said commercial sales and market share gains remain strong, and management is still targeting 355 to 365 new store openings this fiscal year, supporting the growth outlook. Article Title
• Positive Sentiment: Several analysts, including Jefferies, BNP Paribas Exane, TD Cowen, JPMorgan, Citigroup, and others, kept bullish ratings such as buy, outperform, or overweight despite lowering targets, implying upside remains from current levels. Article Title
• Neutral Sentiment: AutoZone beat EPS estimates and posted 8.4% revenue growth year over year, but revenue still came in slightly below consensus, creating a mixed reaction from investors. Article Title
• Negative Sentiment: AutoZone shares are under pressure after a quarterly revenue miss and gross margin contraction, prompting multiple price-target cuts from Wall Street firms. Article Title
• Negative Sentiment: Some commentary pointed to slower international growth and weaker late-quarter trends, reinforcing concerns that near-term momentum may be cooling after an otherwise solid quarter. Article Title

AutoZone Trading Down 0.7%

AZO opened at $3,006.97 on Friday. AutoZone, Inc. has a 1-year low of $2,945.00 and a 1-year high of $4,388.11. The stock has a market capitalization of $49.55 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 1.54 and a beta of 0.43. The business has a 50 day moving average of $3,430.33 and a 200-day moving average of $3,570.14.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, May 26th. The company reported $38.07 earnings per share for the quarter, beating the consensus estimate of $36.22 by $1.85. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the prior year, the business earned $35.36 earnings per share. AutoZone’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities analysts predict that AutoZone, Inc. will post 149.93 EPS for the current year.

About AutoZone

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.