Gitterman Wealth Management LLC Acquires 32 Shares of AutoZone, Inc. (NYSE:AZO)

Gitterman Wealth Management LLC increased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 39.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114 shares of the company’s stock after acquiring an additional 32 shares during the quarter. Gitterman Wealth Management LLC’s holdings in AutoZone were worth $365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Prime Capital Investment Advisors LLC purchased a new position in shares of AutoZone in the 3rd quarter worth about $239,000. Huntington National Bank boosted its stake in AutoZone by 3.6% in the third quarter. Huntington National Bank now owns 519 shares of the company’s stock valued at $1,635,000 after acquiring an additional 18 shares during the last quarter. KBC Group NV grew its position in shares of AutoZone by 1.0% during the 3rd quarter. KBC Group NV now owns 7,267 shares of the company’s stock valued at $22,891,000 after acquiring an additional 70 shares during the period. CIBC Asset Management Inc increased its stake in shares of AutoZone by 7.2% during the 3rd quarter. CIBC Asset Management Inc now owns 2,497 shares of the company’s stock worth $7,866,000 after purchasing an additional 168 shares during the last quarter. Finally, Empirical Finance LLC raised its holdings in shares of AutoZone by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 638 shares of the company’s stock worth $2,010,000 after purchasing an additional 14 shares during the period. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Up 0.2 %

AZO opened at $3,553.69 on Friday. The business’s fifty day simple moving average is $3,401.49 and its 200 day simple moving average is $3,244.10. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,704.43. The stock has a market cap of $59.64 billion, a PE ratio of 23.74, a P/E/G ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. As a group, equities analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Insider Transactions at AutoZone

In other news, VP Dennis W. Leriche sold 1,575 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the completion of the sale, the vice president now owns 417 shares of the company’s stock, valued at approximately $1,501,200. The trade was a 79.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP K. Michelle Borninkhof sold 136 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total value of $482,810.88. Following the transaction, the senior vice president now owns 403 shares in the company, valued at approximately $1,430,682.24. The trade was a 25.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,871 shares of company stock worth $6,720,811. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Evercore ISI increased their price objective on AutoZone from $3,525.00 to $3,700.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Morgan Stanley increased their price target on AutoZone from $3,490.00 to $3,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Truist Financial lifted their price objective on AutoZone from $3,753.00 to $3,841.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Roth Capital set a $3,763.00 price objective on shares of AutoZone in a report on Wednesday, March 5th. Finally, Wedbush reiterated an “outperform” rating and issued a $3,700.00 target price on shares of AutoZone in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3,651.91.

AutoZone 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.