Waldron Private Wealth LLC Has $1.05 Million Position in AutoZone, Inc. (NYSE:AZO)

Waldron Private Wealth LLC raised its stake in AutoZone, Inc. (NYSE:AZO) by 7.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 334 shares of the company’s stock after buying an additional 24 shares during the period. Waldron Private Wealth LLC’s holdings in AutoZone were worth $1,052,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AZO. PineStone Asset Management Inc. boosted its position in shares of AutoZone by 137.6% during the 2nd quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock valued at $918,998,000 after purchasing an additional 179,543 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of AutoZone in the second quarter worth approximately $424,000. Captrust Financial Advisors raised its stake in shares of AutoZone by 564.2% in the first quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock worth $479,338,000 after purchasing an additional 129,193 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of AutoZone by 2,714.8% during the second quarter. Baillie Gifford & Co. now owns 120,194 shares of the company’s stock valued at $356,267,000 after acquiring an additional 115,924 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of AutoZone by 106.7% during the first quarter. Bessemer Group Inc. now owns 117,891 shares of the company’s stock valued at $371,552,000 after acquiring an additional 60,852 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Roth Capital raised AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. Redburn Atlantic raised AutoZone to a “strong-buy” rating in a report on Tuesday, October 1st. Morgan Stanley raised their price target on AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Mizuho boosted their target price on AutoZone from $3,280.00 to $3,350.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Finally, StockNews.com lowered AutoZone from a “buy” rating to a “hold” rating in a research note on Saturday, September 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and a consensus target price of $3,202.71.

AutoZone Stock Down 1.1 %

Shares of AutoZone stock traded down $34.47 during mid-day trading on Tuesday, hitting $3,184.01. The stock had a trading volume of 52,704 shares, compared to its average volume of 139,445. The firm has a 50-day moving average of $3,134.48 and a two-hundred day moving average of $3,007.29. AutoZone, Inc. has a 12-month low of $2,375.35 and a 12-month high of $3,256.37. The firm has a market cap of $54.39 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 1.59 and a beta of 0.70.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing the consensus estimate of $53.31 by ($5.20). The company had revenue of $6.21 billion during the quarter, compared to analyst estimates of $6.25 billion. AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $46.46 earnings per share. Sell-side analysts expect that AutoZone, Inc. will post 157.99 earnings per share for the current year.

Insider Activity

In other news, Chairman William C. Rhodes III sold 300 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total value of $922,560.00. Following the sale, the chairman now directly owns 13,857 shares in the company, valued at approximately $42,613,046.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman William C. Rhodes III sold 300 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total value of $922,560.00. Following the transaction, the chairman now directly owns 13,857 shares of the company’s stock, valued at $42,613,046.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman William C. Rhodes III sold 13,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the transaction, the chairman now directly owns 13,857 shares in the company, valued at $43,055,777.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,880 shares of company stock worth $46,225,660. 2.50% of the stock is currently owned by corporate insiders.

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.