Avior Wealth Management LLC Decreases Holdings in AutoZone, Inc. (NYSE:AZO)

Avior Wealth Management LLC lessened its stake in shares of AutoZone, Inc. (NYSE:AZO) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 320 shares of the company’s stock after selling 7 shares during the period. Avior Wealth Management LLC’s holdings in AutoZone were worth $827,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. RB Capital Management LLC purchased a new position in shares of AutoZone in the first quarter worth about $274,000. Fairfield Bush & CO. purchased a new position in shares of AutoZone in the first quarter worth about $57,000. Roundview Capital LLC increased its stake in shares of AutoZone by 8.1% in the first quarter. Roundview Capital LLC now owns 426 shares of the company’s stock worth $871,000 after purchasing an additional 32 shares in the last quarter. Cetera Advisor Networks LLC increased its stake in shares of AutoZone by 31.7% in the first quarter. Cetera Advisor Networks LLC now owns 237 shares of the company’s stock worth $485,000 after purchasing an additional 57 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of AutoZone by 24.4% in the first quarter. Sei Investments Co. now owns 12,966 shares of the company’s stock worth $26,331,000 after purchasing an additional 2,545 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Insider Transactions at AutoZone

In other news, SVP K. Michelle Borninkhof sold 1,900 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $2,735.00, for a total value of $5,196,500.00. Following the completion of the sale, the senior vice president now directly owns 521 shares in the company, valued at approximately $1,424,935. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP K. Michelle Borninkhof sold 1,900 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $2,735.00, for a total value of $5,196,500.00. Following the completion of the sale, the senior vice president now directly owns 521 shares in the company, valued at approximately $1,424,935. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman William C. Rhodes III sold 6,700 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the completion of the sale, the chairman now owns 15,357 shares of the company’s stock, valued at $48,992,208.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,890 shares of company stock worth $55,531,693. 2.50% of the stock is currently owned by insiders.

AutoZone Price Performance

AZO stock opened at $2,938.26 on Thursday. AutoZone, Inc. has a one year low of $2,277.88 and a one year high of $3,256.37. The stock has a market cap of $50.89 billion, a PE ratio of 20.69, a P/E/G ratio of 1.45 and a beta of 0.70. The firm has a 50 day simple moving average of $2,994.12 and a two-hundred day simple moving average of $2,752.63.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, February 27th. The company reported $28.89 EPS for the quarter, topping analysts’ consensus estimates of $26.08 by $2.81. The business 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 business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $24.64 EPS. On average, research analysts expect that AutoZone, Inc. will post 151.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AZO shares. Truist Financial lifted their target price on shares of AutoZone from $3,363.00 to $3,523.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. DA Davidson lifted their target price on shares of AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Wedbush lifted their target price on shares of AutoZone from $2,950.00 to $3,400.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. TheStreet cut shares of AutoZone from a “c” rating to a “d+” rating in a research note on Wednesday, December 20th. Finally, StockNews.com cut shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $3,086.61.

AutoZone Company 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.