Canada Post Corp Registered Pension Plan Has $11.69 Million Stake in AutoZone, Inc. $AZO

Canada Post Corp Registered Pension Plan reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,447 shares of the company’s stock after selling 222 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in AutoZone were worth $11,691,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. raised its position in AutoZone by 6.6% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,966 shares of the company’s stock valued at $21,315,000 after purchasing an additional 306 shares during the last quarter. Summit Global Investments grew its holdings in shares of AutoZone by 132.8% during the third quarter. Summit Global Investments now owns 319 shares of the company’s stock worth $1,369,000 after purchasing an additional 182 shares during the last quarter. Numerai GP LLC increased its stake in shares of AutoZone by 1,199.3% in the third quarter. Numerai GP LLC now owns 1,754 shares of the company’s stock valued at $7,525,000 after buying an additional 1,619 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of AutoZone in the third quarter valued at $678,000. Finally, Caprock Group LLC bought a new position in shares of AutoZone in the third quarter valued at about $4,049,000. 92.74% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Earl G. Graves, Jr. sold 50 shares of AutoZone stock in a transaction on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the transaction, the director directly owned 4,837 shares of the company’s stock, valued at $16,826,568.64. This trade represents a 1.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.60% of the company’s stock.

AutoZone Trading Down 1.8%

AutoZone stock opened at $3,318.09 on Friday. The firm has a market capitalization of $54.68 billion, a P/E ratio of 23.25, a PEG ratio of 1.70 and a beta of 0.43. The business has a 50-day moving average of $3,492.44 and a 200-day moving average of $3,597.74. AutoZone, Inc. has a 1 year low of $3,210.72 and a 1 year high of $4,388.11.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Citigroup increased their price objective on shares of AutoZone from $4,200.00 to $4,300.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Evercore boosted 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 note on Friday, February 27th. Morgan Stanley upped their target price on shares of AutoZone from $4,000.00 to $4,020.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. BMO Capital Markets lowered their price target on shares of AutoZone from $4,400.00 to $4,300.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of AutoZone from $4,100.00 to $4,300.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, AutoZone presently has an average rating of “Moderate Buy” and an average target price of $4,312.13.

AutoZone Company 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.