Waldron Private Wealth LLC Has $1.05 Million Holdings in AutoZone, Inc. (NYSE:AZO)

by · The Markets Daily

Waldron Private Wealth LLC grew its holdings in AutoZone, Inc. (NYSE:AZO – Free Report) by 7.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 334 shares of the company’s stock after purchasing an additional 24 shares during the period. Waldron Private Wealth LLC’s holdings in AutoZone were worth $1,052,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Boston Partners increased its holdings in shares of AutoZone by 1.7% in the 1st quarter. Boston Partners now owns 382,169 shares of the company’s stock valued at $1,202,596,000 after purchasing an additional 6,226 shares during the period. PineStone Asset Management Inc. increased its holdings in shares of AutoZone by 137.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock valued at $918,998,000 after purchasing an additional 179,543 shares during the period. Nordea Investment Management AB increased its holdings in shares of AutoZone by 4.1% in the 1st quarter. Nordea Investment Management AB now owns 203,072 shares of the company’s stock valued at $643,641,000 after purchasing an additional 7,988 shares during the period. Captrust Financial Advisors increased its holdings in shares of AutoZone by 564.2% in the 1st quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock valued at $479,338,000 after purchasing an additional 129,193 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of AutoZone by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 150,698 shares of the company’s stock valued at $446,684,000 after buying an additional 3,382 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Activity at AutoZone

In related news, Chairman William C. Rhodes III sold 300 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total value of $922,560.00. Following the completion of the sale, the chairman now directly owns 13,857 shares in the company, valued at $42,613,046.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the completion of the transaction, the vice president now owns 1,218 shares of the company’s stock, valued at approximately $3,785,166.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman William C. Rhodes III sold 300 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total value of $922,560.00. Following the transaction, the chairman now directly owns 13,857 shares of the company’s stock, valued at $42,613,046.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,880 shares of company stock worth $46,225,660 in the last ninety days. 2.50% of the stock is owned by company insiders.

AutoZone Stock Down 1.1 %

Shares of NYSE AZO traded down $34.47 during midday trading on Tuesday, hitting $3,184.01. 52,704 shares of the company’s stock were exchanged, compared to its average volume of 139,445. AutoZone, Inc. has a 12 month low of $2,375.35 and a 12 month high of $3,256.37. The company’s 50 day moving average price is $3,134.48 and its 200 day moving average price is $3,007.29. The firm has a market capitalization of $54.39 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.59 and a beta of 0.70.

AutoZone (NYSE:AZO – Get Free Report) last released its quarterly earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $53.31 by ($5.20). The firm had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.25 billion. AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $46.46 earnings per share. On average, equities research analysts anticipate that AutoZone, Inc. will post 157.99 EPS for the current year.

Wall Street Analyst Weigh In

AZO has been the subject of a number of recent analyst reports. Roth Capital raised AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. Redburn Atlantic upgraded AutoZone to a “strong-buy” rating in a report on Tuesday, October 1st. Citigroup cut their price target on AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Morgan Stanley upped their price target on AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Finally, Truist Financial upped their price target on AutoZone from $3,341.00 to $3,501.00 and gave the stock a “buy” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $3,202.71.

Get Our Latest Research Report on AZO

About AutoZone

(Free Report)

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.

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