ABN Amro Investment Solutions Sells 2,002 Shares of AutoZone, Inc. $AZO

ABN Amro Investment Solutions lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,622 shares of the company’s stock after selling 2,002 shares during the quarter. AutoZone makes up approximately 0.8% of ABN Amro Investment Solutions’ portfolio, making the stock its 29th largest holding. ABN Amro Investment Solutions’ holdings in AutoZone were worth $56,374,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new position in shares of AutoZone in the third quarter valued at approximately $26,000. Turning Point Benefit Group Inc. bought a new position in shares of AutoZone in the third quarter valued at approximately $25,000. Torren Management LLC bought a new position in shares of AutoZone in the fourth quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. bought a new position in shares of AutoZone in the third quarter valued at approximately $43,000. Finally, Elevated Capital Advisors LLC bought a new position in shares of AutoZone in the fourth quarter valued at approximately $37,000. Institutional investors own 92.74% of the company’s stock.

Insiders Place Their Bets

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of AutoZone stock in a transaction on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the sale, the director owned 4,837 shares in the company, valued at $16,826,568.64. The trade was a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by corporate insiders.

AutoZone Price Performance

AZO opened at $3,419.67 on Thursday. AutoZone, Inc. has a fifty-two week low of $3,210.72 and a fifty-two week high of $4,388.11. The firm’s fifty day moving average price is $3,473.64 and its two-hundred day moving average price is $3,588.47. The company has a market capitalization of $56.36 billion, a P/E ratio of 23.96, a P/E/G ratio of 1.72 and a beta of 0.43.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share for the quarter, topping analysts’ consensus estimates of $27.59 by $0.04. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the previous year, the company earned $28.29 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts expect that AutoZone, Inc. will post 148.93 EPS for the current fiscal year.

Analyst Ratings Changes

AZO has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on shares of AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. DA Davidson set a $4,300.00 price target on shares of AutoZone in a research report on Thursday, March 5th. BMO Capital Markets dropped their price target on shares of AutoZone from $4,400.00 to $4,300.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. The Goldman Sachs Group lifted their price target on shares of AutoZone from $4,274.00 to $4,345.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, Roth Mkm dropped their price target on shares of AutoZone from $4,650.00 to $4,526.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,290.91.

AutoZone Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do?it?yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.