Pacer Advisors Inc. Has $6.62 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Pacer Advisors Inc. boosted its position in shares of AutoZone, Inc. (NYSE:AZO) by 77.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,562 shares of the company’s stock after buying an additional 1,115 shares during the quarter. Pacer Advisors Inc.’s holdings in AutoZone were worth $6,624,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton lifted its holdings in AutoZone by 8.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 53 shares of the company’s stock worth $135,000 after buying an additional 4 shares in the last quarter. CWM LLC raised its position in shares of AutoZone by 1.3% during the 3rd quarter. CWM LLC now owns 301 shares of the company’s stock valued at $765,000 after acquiring an additional 4 shares during the last quarter. Private Trust Co. NA raised its position in shares of AutoZone by 2.9% during the 3rd quarter. Private Trust Co. NA now owns 142 shares of the company’s stock valued at $361,000 after acquiring an additional 4 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of AutoZone by 2.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 202 shares of the company’s stock valued at $513,000 after acquiring an additional 4 shares during the last quarter. Finally, Plancorp LLC raised its position in shares of AutoZone by 3.0% during the 3rd quarter. Plancorp LLC now owns 136 shares of the company’s stock valued at $345,000 after acquiring an additional 4 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Activity

In other news, CEO Philip B. Daniele sold 4,190 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $3,161.68, for a total value of $13,247,439.20. Following the completion of the transaction, the chief executive officer now owns 900 shares in the company, valued at approximately $2,845,512. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Philip B. Daniele sold 4,190 shares of AutoZone stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $3,161.68, for a total transaction of $13,247,439.20. Following the completion of the transaction, the chief executive officer now owns 900 shares in the company, valued at $2,845,512. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George R. Mrkonic, Jr. sold 414 shares of AutoZone stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $2,541.85, for a total value of $1,052,325.90. Following the transaction, the director now owns 3,470 shares of the company’s stock, valued at approximately $8,820,219.50. The disclosure for this sale can be found here. Insiders sold 27,797 shares of company stock worth $81,010,974 in the last quarter. Corporate insiders own 2.50% of the company’s stock.

AutoZone Price Performance

Shares of NYSE AZO opened at $3,192.79 on Thursday. The stock has a market capitalization of $55.24 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 1.68 and a beta of 0.70. The business has a 50-day moving average of $2,902.37 and a 200-day moving average of $2,695.82. AutoZone, Inc. has a fifty-two week low of $2,277.88 and a fifty-two week high of $3,256.37.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 earnings per share for the quarter, beating the consensus estimate of $26.08 by $2.81. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.32 billion. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. AutoZone’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $24.64 EPS. On average, sell-side analysts expect that AutoZone, Inc. will post 151.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on AZO shares. Mizuho started coverage on shares of AutoZone in a research report on Tuesday, March 19th. They set a “buy” rating and a $3,450.00 target price for the company. StockNews.com cut shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Wednesday. Stephens upped their target price on shares of AutoZone from $3,000.00 to $3,070.00 and gave the company an “overweight” rating in a research report on Wednesday, December 6th. JPMorgan Chase & Co. upped their price objective on shares of AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Finally, Barclays upped their price objective on shares of AutoZone from $2,779.00 to $3,100.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3,080.72.

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.