Boston Partners Sells 12,956 Shares of AutoZone, Inc. (NYSE:AZO)

Boston Partners lowered its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 344,331 shares of the company’s stock after selling 12,956 shares during the quarter. AutoZone accounts for about 1.3% of Boston Partners’ portfolio, making the stock its 5th biggest position. Boston Partners’ holdings in AutoZone were worth $1,103,600,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new stake in shares of AutoZone during the fourth quarter worth about $32,000. Harbour Investments Inc. raised its position in shares of AutoZone by 42.9% during the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after purchasing an additional 3 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of AutoZone during the third quarter worth about $47,000. Crews Bank & Trust bought a new position in shares of AutoZone during the fourth quarter worth about $61,000. Finally, McIlrath & Eck LLC grew its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other AutoZone news, SVP K. Michelle Borninkhof sold 136 shares of AutoZone stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 403 shares of the company’s stock, valued at $1,430,682.24. The trade was a 25.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following the completion of the transaction, the senior vice president now owns 50 shares in the company, valued at approximately $177,500. The trade was a 76.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,871 shares of company stock valued at $6,720,811 in the last three months. Corporate insiders own 2.10% of the company’s stock.

AutoZone Trading Up 1.8 %

NYSE:AZO opened at $3,620.16 on Tuesday. The stock has a market cap of $60.75 billion, a P/E ratio of 24.19, a PEG ratio of 1.86 and a beta of 0.71. The stock has a 50 day simple moving average of $3,408.03 and a 200 day simple moving average of $3,247.36. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,704.43.

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

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of research reports. Truist Financial increased 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. Bank of America increased their price objective on AutoZone from $3,600.00 to $3,700.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Guggenheim increased their price objective on AutoZone from $3,750.00 to $3,850.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. increased their price objective on AutoZone from $3,775.00 to $3,830.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Finally, Roth Mkm raised their price target on AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $3,651.91.

AutoZone Company 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.