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American Trust Sells 76 Shares of AutoZone, Inc. (NYSE:AZO)

American Trust Sells 76 Shares of AutoZone, Inc. (NYSE:AZO)

American Belief diminished its place in shares of AutoZone, Inc. (NYSE:AZO – Get Score) by 43.4% within the third quarter, based on its most up-to-date 13F submitting with the Securities and Alternate Fee (SEC). The institutional investor owned 99 shares of the corporate’s inventory after promoting 76 shares throughout the interval. American Belief’s holdings in AutoZone had been value $212,000 on the finish of the latest quarter.

Various different hedge funds have additionally not too long ago made adjustments to their positions in AZO. RB Capital Administration LLC bought a brand new place in shares of AutoZone throughout the 1st quarter valued at $274,000. Fairfield Bush & CO. bought a brand new place in shares of AutoZone throughout the 1st quarter valued at $57,000. Roundview Capital LLC grew its place in AutoZone by 8.1% within the first quarter. Roundview Capital LLC now owns 426 shares of the corporate’s inventory value $871,000 after buying a further 32 shares within the final quarter. Cetera Advisor Networks LLC grew its place in AutoZone by 31.7% within the first quarter. Cetera Advisor Networks LLC now owns 237 shares of the corporate’s inventory value $485,000 after buying a further 57 shares within the final quarter. Lastly, Sei Investments Co. grew its place in AutoZone by 24.4% within the first quarter. Sei Investments Co. now owns 12,966 shares of the corporate’s inventory value $26,331,000 after buying a further 2,545 shares within the final quarter. 91.12% of the inventory is at present owned by hedge funds and different institutional buyers.

AutoZone Inventory Down 2.0 %

NYSE:AZO opened at $2,365.00 on Friday. The corporate’s 50 day transferring common worth is $2,452.02 and its 200-day transferring common worth is $2,384.69. AutoZone, Inc. has a 52 week low of $1,703.32 and a 52 week excessive of $2,610.05. The inventory has a market cap of $44.39 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 1.67 and a beta of 0.69.

AutoZone (NYSE:AZO – Get Score) final posted its quarterly earnings outcomes on Tuesday, February twenty eighth. The corporate reported $24.64 EPS for the quarter, beating analysts’ consensus estimates of $21.33 by $3.31. AutoZone had a web margin of 14.32% and a damaging return on fairness of 64.72%. The agency had income of $3.69 billion for the quarter, in comparison with analysts’ expectations of $3.56 billion. Throughout the identical quarter within the prior yr, the corporate posted $22.30 earnings per share. The enterprise’s income for the quarter was up 9.5% on a year-over-year foundation. As a gaggle, sell-side analysts anticipate that AutoZone, Inc. will put up 127.22 earnings per share for the present yr.

Insider Shopping for and Promoting

In associated information, VP Grant E. Mcgee offered 500 shares of the agency’s inventory in a transaction that occurred on Thursday, December twenty second. The shares had been offered at a mean worth of $2,400.00, for a complete worth of $1,200,000.00. Following the sale, the vice chairman now owns 244 shares within the firm, valued at $585,600. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is accessible on the SEC web site. In different AutoZone information, Director George R. Mrkonic, Jr. offered 138 shares of the inventory in a transaction that occurred on Thursday, January fifth. The shares had been offered at a mean worth of $2,441.21, for a complete worth of $336,886.98. Following the transaction, the director now straight owns 3,764 shares within the firm, valued at $9,188,714.44. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which could be accessed by this hyperlink. Additionally, VP Grant E. Mcgee offered 500 shares of the inventory in a transaction that occurred on Thursday, December twenty second. The inventory was offered at a mean worth of $2,400.00, for a complete transaction of $1,200,000.00. Following the completion of the transaction, the vice chairman now owns 244 shares within the firm, valued at $585,600. The disclosure for this sale could be discovered right here. During the last quarter, insiders have offered 38,872 shares of firm inventory value $94,603,027. 2.59% of the inventory is owned by insiders.

Analysts Set New Value Targets

A number of analysis analysts not too long ago issued studies on AZO shares. Financial institution of America lowered shares of AutoZone from a “impartial” score to an “underperform” score in a analysis report on Wednesday, December 14th. Raymond James upped their worth goal on shares of AutoZone from $2,600.00 to $2,650.00 and gave the corporate an “outperform” score in a analysis report on Wednesday, March 1st. Barclays began protection on shares of AutoZone in a analysis report on Tuesday, February seventh. They set an “chubby” score and a $2,663.00 worth goal for the corporate. Guggenheim upgraded shares of AutoZone from a “impartial” score to a “purchase” score and set a $2,735.00 worth goal for the corporate in a analysis report on Monday, January ninth. Lastly, UBS Group upped their worth goal on shares of AutoZone from $2,260.00 to $2,540.00 and gave the corporate a “impartial” score in a analysis report on Wednesday, December seventh. One funding analyst has rated the inventory with a promote score, two have given a maintain score and seventeen have assigned a purchase score to the corporate. In response to MarketBeat.com, the inventory has a mean score of “Reasonable Purchase” and a mean worth goal of $2,652.76.

AutoZone Profile

(Get Score)

AutoZone, Inc engages within the retail and distribution of automotive substitute components and equipment. The agency provides ALLDATA, which produces, sells, and maintains diagnostic and restore info software program used within the automotive restore business and E-commerce, which incorporates direct gross sales to clients.

Learn Extra

Need to see what different hedge funds are holding AZO? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for AutoZone, Inc. (NYSE:AZO – Get Score).

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)



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