AutoZone, Inc. (NYSE:AZO) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in shares of AutoZone, Inc. (NYSE:AZO) by 22.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,114 shares of the company’s stock after purchasing an additional 947 shares during the period. Intech Investment Management LLC’s holdings in AutoZone were worth $16,375,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Flagship Wealth Advisors LLC acquired a new position in AutoZone in the 4th quarter valued at $32,000. Harbour Investments Inc. raised its holdings in AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock valued at $32,000 after acquiring an additional 3 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of AutoZone during the 3rd quarter valued at $47,000. Crews Bank & Trust purchased a new stake in shares of AutoZone during the 4th quarter valued at $61,000. Finally, McIlrath & Eck LLC grew its stake in shares of AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after buying an additional 4 shares during the period. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on AZO. Roth Mkm boosted their price objective on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. BMO Capital Markets upped their price target on shares of AutoZone from $3,700.00 to $3,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Argus cut shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Truist Financial upped their price target on shares of AutoZone from $3,753.00 to $3,841.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Morgan Stanley upped their price target on shares of AutoZone from $3,490.00 to $3,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $3,651.91.

Insider Buying and Selling

In related news, SVP K. Michelle Borninkhof sold 136 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the sale, the senior vice president now owns 403 shares in the company, valued at $1,430,682.24. This represents a 25.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dennis W. Leriche sold 1,575 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the sale, the vice president now owns 417 shares in the company, valued at approximately $1,501,200. This trade represents a 79.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,871 shares of company stock worth $6,720,811 over the last quarter. 2.10% of the stock is owned by company insiders.

AutoZone Stock Performance

Shares of AutoZone stock opened at $3,620.16 on Tuesday. The firm has a market cap of $60.75 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. The firm’s 50-day simple moving average is $3,408.03 and its 200-day simple moving average is $3,247.36. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,704.43.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. On average, equities analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

AutoZone 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.