Mn Services Vermogensbeheer B.V. Sells 200 Shares of AutoZone, Inc. (NYSE:AZO)

Mn Services Vermogensbeheer B.V. trimmed its position in AutoZone, Inc. (NYSE:AZO) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,700 shares of the company’s stock after selling 200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in AutoZone were worth $22,495,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in AutoZone by 232,194.6% during the fourth quarter. International Assets Investment Management LLC now owns 731,728 shares of the company’s stock worth $1,891,963,000 after acquiring an additional 731,413 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of AutoZone by 107,977.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 699,260 shares of the company’s stock valued at $1,724,500,000 after acquiring an additional 698,613 shares during the period. Royal Bank of Canada increased its stake in shares of AutoZone by 1.3% in the 3rd quarter. Royal Bank of Canada now owns 441,566 shares of the company’s stock worth $1,121,572,000 after purchasing an additional 5,650 shares in the last quarter. Wellington Management Group LLP raised its holdings in AutoZone by 111.4% in the 3rd quarter. Wellington Management Group LLP now owns 335,190 shares of the company’s stock worth $851,379,000 after purchasing an additional 176,623 shares during the period. Finally, Norges Bank bought a new stake in shares of AutoZone during the 4th quarter valued at $658,788,000. 92.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TheStreet cut shares of AutoZone from a “c” rating to a “d+” rating in a research note on Wednesday, December 20th. Morgan Stanley lifted their price objective on shares of AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. StockNews.com lowered shares of AutoZone from a “buy” rating to a “hold” rating in a report on Friday. Barclays boosted their price objective on shares of AutoZone from $2,779.00 to $3,100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Finally, Evercore ISI boosted their target price on shares of AutoZone from $3,375.00 to $3,400.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,089.61.

AutoZone Stock Performance

Shares of AZO traded down $44.44 during trading hours on Friday, hitting $2,962.32. The stock had a trading volume of 147,791 shares, compared to its average volume of 131,568. The firm has a 50-day moving average price of $2,988.35 and a 200 day moving average price of $2,744.90. AutoZone, Inc. has a fifty-two week low of $2,277.88 and a fifty-two week high of $3,256.37. The firm has a market capitalization of $51.31 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.47 and a beta of 0.70.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 earnings per share for the quarter, topping analysts’ consensus estimates of $26.08 by $2.81. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.32 billion. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $24.64 earnings per share. As a group, analysts predict that AutoZone, Inc. will post 151.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other AutoZone news, VP Grant E. Mcgee sold 693 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $2,654.14, for a total transaction of $1,839,319.02. Following the completion of the transaction, the vice president now directly owns 251 shares in the company, valued at $666,189.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Richard Craig Smith sold 3,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $2,997.76, for a total value of $8,993,280.00. Following the completion of the sale, the vice president now directly owns 2,921 shares in the company, valued at $8,756,456.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Grant E. Mcgee sold 693 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $2,654.14, for a total transaction of $1,839,319.02. Following the completion of the sale, the vice president now owns 251 shares of the company’s stock, valued at $666,189.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,583 shares of company stock worth $60,056,012. Company insiders own 2.50% of the company’s stock.

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.