Danica Pension Livsforsikringsaktieselskab Purchases New Position in AutoZone, Inc. $AZO

Danica Pension Livsforsikringsaktieselskab purchased a new stake in AutoZone, Inc. (NYSE:AZO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,916 shares of the company’s stock, valued at approximately $37,022,000.

Several other large investors have also added to or reduced their stakes in AZO. Turning Point Benefit Group Inc. bought a new position in AutoZone in the 3rd quarter valued at about $25,000. Raleigh Capital Management Inc. bought a new position in AutoZone in the 3rd quarter valued at about $26,000. Torren Management LLC bought a new position in AutoZone in the 4th quarter valued at about $27,000. Global Trust Asset Management LLC lifted its position in AutoZone by 600.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock valued at $30,000 after acquiring an additional 6 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new position in AutoZone in the 3rd quarter valued at about $34,000. Institutional investors own 92.74% of the company’s stock.

Insider Activity at AutoZone

In other news, Director Earl G. Graves, Jr. sold 50 shares of the company’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the transaction, the director owned 4,837 shares of the company’s stock, valued at $16,826,568.64. This represents a 1.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by corporate insiders.

AutoZone Trading Up 5.1%

NYSE:AZO opened at $3,704.84 on Friday. The stock has a market capitalization of $61.06 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.81 and a beta of 0.41. The firm’s 50 day moving average is $3,544.72 and its 200 day moving average is $3,633.86. AutoZone, Inc. has a 12 month low of $3,210.72 and a 12 month high of $4,388.11.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $27.63 earnings per share for the quarter, beating the consensus estimate of $27.59 by $0.04. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the company earned $28.29 earnings per share. AutoZone’s revenue was up 8.2% compared to the same quarter last year. Research analysts predict that AutoZone, Inc. will post 148.93 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on AZO shares. Barclays raised their price target on shares of AutoZone from $3,800.00 to $3,900.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Oppenheimer reaffirmed an “outperform” rating and issued a $4,300.00 price target (up from $4,150.00) on shares of AutoZone in a research report on Tuesday, March 10th. Mizuho raised their price target on shares of AutoZone from $3,550.00 to $3,600.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. BMO Capital Markets dropped their target price on shares of AutoZone from $4,400.00 to $4,300.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Finally, Evercore lifted their target price on shares of AutoZone from $4,100.00 to $4,125.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and an average price target of $4,312.13.

AutoZone Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.