First Nebraska Trust Co Buys New Shares in AutoZone, Inc. $AZO

First Nebraska Trust Co purchased a new stake in AutoZone, Inc. (NYSE:AZO) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 586 shares of the company’s stock, valued at approximately $1,658,000.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in AutoZone in the 3rd quarter valued at about $13,089,000. Vise Technologies Inc. acquired a new position in shares of AutoZone during the 3rd quarter valued at about $3,180,000. Grandfield & Dodd LLC lifted its holdings in shares of AutoZone by 4.6% during the 3rd quarter. Grandfield & Dodd LLC now owns 5,222 shares of the company’s stock worth $14,778,000 after acquiring an additional 229 shares during the period. Aprio Wealth Management LLC lifted its holdings in shares of AutoZone by 5.8% during the 3rd quarter. Aprio Wealth Management LLC now owns 73 shares of the company’s stock worth $207,000 after acquiring an additional 4 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of AutoZone by 20,034.2% during the 3rd quarter. International Assets Investment Management LLC now owns 90,000 shares of the company’s stock worth $254,702,000 after acquiring an additional 89,553 shares during the period. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AZO shares. Bank of America assumed coverage on shares of AutoZone in a report on Monday, October 26th. They issued a “buy” rating and a $3,800.00 target price for the company. Barclays cut their price target on shares of AutoZone from $3,637.00 to $3,400.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 23rd. The Goldman Sachs Group decreased their price target on shares of AutoZone from $4,096.00 to $3,917.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. UBS Group set a $3,850.00 price objective on shares of AutoZone in a research note on Wednesday, September 23rd. Finally, TD Cowen restated a “buy” rating on shares of AutoZone in a report on Monday, October 26th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and a consensus target price of $3,674.36.

AutoZone Stock Down 1.6%

Shares of NYSE AZO opened at $3,199.47 on Wednesday. AutoZone, Inc. has a fifty-two week low of $2,730.65 and a fifty-two week high of $3,996.25. The business has a 50 day moving average price of $2,974.50 and a two-hundred day moving average price of $3,258.65. The firm has a market cap of $51.48 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.68 and a beta of 0.37.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, September 22nd. The company reported $56.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 EPS. AutoZone’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts anticipate that AutoZone, Inc. will post 170.30 earnings per share for the current year.

Insider Buying and Selling at AutoZone

In related news, VP Dennis LeRiche sold 1,455 shares of AutoZone stock in a transaction on Friday, August 7th. The shares were sold at an average price of $3,100.00, for a total value of $4,510,500.00. Following the completion of the sale, the vice president owned 441 shares in the company, valued at approximately $1,367,100. The trade was a 76.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.

AutoZone Profile

AutoZone, Inc is a specialty retailer and distributor of automotive replacement parts, equipment and accessories. The company serves do-it-yourself customers, professional automotive technicians and commercial repair businesses through its retail stores, distribution network and digital platforms.

Its merchandise includes replacement batteries, brakes, filters, belts, hoses, ignition components, tools, fluids, lighting products and other maintenance items. AutoZone also offers private-label products under brands such as Duralast, as well as vehicle diagnostic services and parts delivery for commercial customers.

Founded in 1979 as Auto Shack by Pitt Hyde, the company adopted the AutoZone name in 1987.