Fort Washington Investment Advisors Inc. OH Has $375,000 Stake in AutoZone, Inc. (NYSE:AZO)

Fort Washington Investment Advisors Inc. OH trimmed its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 13.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117 shares of the company’s stock after selling 18 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in AutoZone were worth $375,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in AutoZone during the third quarter worth $36,000. Carolina Wealth Advisors LLC acquired a new position in AutoZone during the third quarter worth $47,000. Darwin Wealth Management LLC acquired a new position in AutoZone during the third quarter worth $47,000. McIlrath & Eck LLC increased its position in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after buying an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in AutoZone during the third quarter worth $66,000. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone Stock Up 1.4 %

Shares of AZO opened at $3,371.06 on Friday. The stock has a market cap of $56.57 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 1.82 and a beta of 0.71. AutoZone, Inc. has a 12 month low of $2,672.31 and a 12 month high of $3,416.71. The company has a 50-day moving average price of $3,229.64 and a two-hundred day moving average price of $3,144.01.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the business earned $32.55 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AZO has been the topic of several research analyst reports. Truist Financial raised their price target on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Evercore ISI raised their price target on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Wells Fargo & Company raised their price target on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Redburn Atlantic raised AutoZone to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $3,634.00 price target on shares of AutoZone in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, AutoZone has an average rating of “Moderate Buy” and an average target price of $3,429.84.

About AutoZone

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.