Campbell & CO Investment Adviser LLC Boosts Stock Position in AutoZone, Inc. (NYSE:AZO)

Campbell & CO Investment Adviser LLC raised its stake in AutoZone, Inc. (NYSE:AZOFree Report) by 12.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 195 shares of the company’s stock after acquiring an additional 22 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in AutoZone were worth $495,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AZO. Householder Group Estate & Retirement Specialist LLC acquired a new position in AutoZone in the third quarter valued at approximately $25,000. First Capital Advisors Group LLC. acquired a new position in AutoZone in the second quarter valued at approximately $32,000. MUFG Americas Holdings Corp increased its position in shares of AutoZone by 166.7% in the third quarter. MUFG Americas Holdings Corp now owns 16 shares of the company’s stock valued at $34,000 after buying an additional 10 shares in the last quarter. Mascoma Wealth Management LLC purchased a new stake in shares of AutoZone in the third quarter valued at approximately $38,000. Finally, ORG Partners LLC purchased a new stake in shares of AutoZone in the third quarter valued at approximately $43,000. 90.34% of the stock is owned by institutional investors and hedge funds.

AutoZone Trading Up 0.9 %

NYSE AZO opened at $2,704.59 on Tuesday. The stock has a market cap of $46.76 billion, a PE ratio of 19.63, a P/E/G ratio of 1.39 and a beta of 0.70. AutoZone, Inc. has a twelve month low of $2,277.88 and a twelve month high of $2,855.21. The stock has a fifty day simple moving average of $2,665.90 and a 200-day simple moving average of $2,588.67.

AutoZone (NYSE:AZOGet Free Report) last announced its earnings results on Tuesday, December 5th. The company reported $32.55 EPS for the quarter, beating analysts’ consensus estimates of $31.57 by $0.98. AutoZone had a negative return on equity of 57.23% and a net margin of 14.62%. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.19 billion. During the same period last year, the business posted $27.45 EPS. AutoZone’s revenue for the quarter was up 5.1% on a year-over-year basis. Research analysts predict that AutoZone, Inc. will post 150.5 EPS for the current year.

Insider Activity at AutoZone

In other news, Director George R. Mrkonic, Jr. sold 414 shares of AutoZone stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $2,541.85, for a total value of $1,052,325.90. Following the completion of the transaction, the director now owns 3,470 shares in the company, valued at approximately $8,820,219.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP K. Michelle Borninkhof sold 1,900 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $2,735.00, for a total transaction of $5,196,500.00. Following the completion of the sale, the senior vice president now directly owns 521 shares of the company’s stock, valued at $1,424,935. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George R. Mrkonic, Jr. sold 414 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $2,541.85, for a total transaction of $1,052,325.90. Following the completion of the sale, the director now owns 3,470 shares of the company’s stock, valued at approximately $8,820,219.50. The disclosure for this sale can be found here. Insiders sold 14,807 shares of company stock worth $38,827,861 in the last three months. 2.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AZO shares. Raymond James upgraded AutoZone from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $2,850.00 to $3,100.00 in a research report on Wednesday, December 6th. TheStreet cut AutoZone from a “c” rating to a “d+” rating in a research report on Wednesday, December 20th. Wedbush restated an “outperform” rating and issued a $2,750.00 price objective on shares of AutoZone in a research report on Wednesday, November 29th. Morgan Stanley boosted their price objective on AutoZone from $2,750.00 to $2,900.00 and gave the company an “overweight” rating in a research report on Thursday, December 7th. Finally, StockNews.com cut AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AutoZone has an average rating of “Moderate Buy” and an average price target of $2,857.12.

Check Out Our Latest Stock Analysis on AZO

AutoZone Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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