Healthcare of Ontario Pension Plan Trust Fund decreased its position in AutoZone, Inc. (NYSE:AZO – Get Rating) by 96.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 149 shares of the company’s stock after selling 4,499 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in AutoZone were worth $319,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of AutoZone by 6.2% during the second quarter. JPMorgan Chase & Co. now owns 1,262,333 shares of the company’s stock worth $2,712,904,000 after purchasing an additional 73,582 shares in the last quarter. Royal Bank of Canada increased its stake in shares of AutoZone by 368.0% during the first quarter. Royal Bank of Canada now owns 411,450 shares of the company’s stock worth $841,242,000 after purchasing an additional 323,536 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of AutoZone by 3.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 113,777 shares of the company’s stock worth $244,520,000 after purchasing an additional 4,262 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of AutoZone by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 106,663 shares of the company’s stock worth $218,082,000 after purchasing an additional 506 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its stake in shares of AutoZone by 2.1% during the second quarter. Eagle Asset Management Inc. now owns 94,623 shares of the company’s stock worth $203,356,000 after purchasing an additional 1,967 shares in the last quarter. Hedge funds and other institutional investors own 91.12% of the company’s stock.
Insider Transactions at AutoZone
In related news, CEO William C. Rhodes III sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $2,479.29, for a total transaction of $2,975,148.00. Following the sale, the chief executive officer now directly owns 3,800 shares of the company’s stock, valued at approximately $9,421,302. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, VP Grant E. Mcgee sold 500 shares of the company’s stock in a transaction that occurred on Thursday, December 22nd. The shares were sold at an average price of $2,400.00, for a total transaction of $1,200,000.00. Following the sale, the vice president now directly owns 244 shares of the company’s stock, valued at approximately $585,600. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William C. Rhodes III sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $2,479.29, for a total transaction of $2,975,148.00. Following the sale, the chief executive officer now directly owns 3,800 shares in the company, valued at $9,421,302. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,786 shares of company stock worth $19,016,045. 2.59% of the stock is currently owned by insiders.
AutoZone Stock Performance
AutoZone (NYSE:AZO – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $24.64 EPS for the quarter, topping the consensus estimate of $21.33 by $3.31. AutoZone had a net margin of 14.57% and a negative return on equity of 69.45%. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same period in the prior year, the business posted $22.30 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, research analysts predict that AutoZone, Inc. will post 125.55 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on AZO shares. DA Davidson boosted their price target on shares of AutoZone from $1,950.00 to $2,360.00 in a research report on Wednesday, December 7th. UBS Group boosted their price target on shares of AutoZone from $2,260.00 to $2,540.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 7th. Morgan Stanley boosted their price target on shares of AutoZone from $2,725.00 to $2,800.00 and gave the stock an “overweight” rating in a research report on Wednesday. Guggenheim upgraded shares of AutoZone from a “neutral” rating to a “buy” rating and set a $2,735.00 price target on the stock in a research report on Monday, January 9th. Finally, The Goldman Sachs Group boosted their price target on shares of AutoZone from $2,563.00 to $2,899.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,652.76.
AutoZone Company Profile
AutoZone, Inc engages in the retail and distribution of automotive replacement parts and accessories. The firm offers ALLDATA, which produces, sells, and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers.
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