AutoZone, Inc. $AZO Stock Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its holdings in AutoZone, Inc. (NYSE:AZO) by 69.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,971 shares of the company’s stock after selling 37,911 shares during the period. Vontobel Holding Ltd.’s holdings in AutoZone were worth $48,028,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in AutoZone by 42,984.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 10,537,614 shares of the company’s stock valued at $29,821,658,000 after purchasing an additional 10,513,156 shares during the period. BlackRock Inc. purchased a new position in AutoZone in the 2nd quarter worth approximately $3,938,566,000. Sound Income Strategies LLC lifted its holdings in AutoZone by 646,568.6% in the 3rd quarter. Sound Income Strategies LLC now owns 659,602 shares of the company’s stock worth $1,866,687,000 after purchasing an additional 659,500 shares in the last quarter. Howard Capital Management LLC boosted its stake in AutoZone by 79,236.8% in the 3rd quarter. Howard Capital Management LLC now owns 385,577 shares of the company’s stock worth $1,091,191,000 after purchasing an additional 385,091 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in AutoZone by 247,417.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 249,993 shares of the company’s stock worth $798,963,000 after purchasing an additional 249,892 shares during the period. Institutional investors own 92.74% of the company’s stock.

Insider Transactions at AutoZone

In other AutoZone news, VP Dennis LeRiche sold 1,455 shares of AutoZone stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $3,100.00, for a total value of $4,510,500.00. Following the sale, the vice president owned 441 shares of the company’s stock, valued at $1,367,100. The trade was a 76.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by insiders.

AutoZone Price Performance

Shares of AZO stock traded up $57.00 during trading hours on Friday, hitting $3,116.62. The stock had a trading volume of 258,747 shares, compared to its average volume of 345,846. AutoZone, Inc. has a one year low of $2,730.65 and a one year high of $4,040.00. The stock’s 50-day moving average price is $2,937.50 and its two-hundred day moving average price is $3,131.66. The stock has a market capitalization of $50.89 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.42 and a beta of 0.40.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, September 22nd. The company reported $56.05 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $55.51. AutoZone had a negative return on equity of 90.08% and a net margin of 12.65%. The company had revenue of $6.59 billion for the quarter, compared to the consensus estimate of $6.70 billion. During the same period in the previous year, the business earned $48.71 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities research analysts predict that AutoZone, Inc. will post 171.50 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AZO. Robert W. Baird cut their price objective on shares of AutoZone from $3,600.00 to $3,400.00 and set a “neutral” rating for the company in a report on Wednesday, September 23rd. JPMorgan Chase & Co. reduced their price objective on shares of AutoZone from $3,850.00 to $3,700.00 and set an “overweight” rating on the stock in a research report on Monday, September 28th. Truist Financial lowered their target price on shares of AutoZone from $3,817.00 to $3,648.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. TD Cowen dropped their target price on shares of AutoZone from $3,500.00 to $3,400.00 and set a “buy” rating for the company in a research report on Wednesday, September 23rd. Finally, Morgan Stanley lowered shares of AutoZone from an “overweight” rating to a “market perform” rating in a research report on Tuesday, September 29th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, AutoZone presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,669.12.

AutoZone Profile

AutoZone, Inc is a specialty retailer of automotive replacement parts, accessories and maintenance products. The company serves do-it-yourself customers as well as professional automotive repair shops, offering products such as batteries, brakes, filters, engine components, tools, fluids and other vehicle parts.

In addition to its retail stores, AutoZone provides commercial sales and delivery services for professional repair businesses. The company also operates ALLDATA, which offers automotive diagnostic, repair and shop-management software and information services to repair professionals.

Founded in 1979 and headquartered in Memphis, Tennessee, AutoZone operates primarily in the United States, with additional stores and operations in Mexico and Brazil.