Gabelli Funds LLC decreased its position in shares of AutoZone, Inc. (NYSE:AZO) by 34.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,900 shares of the company’s stock after selling 1,000 shares during the quarter. Gabelli Funds LLC’s holdings in AutoZone were worth $1,593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CX Institutional bought a new stake in shares of AutoZone in the 4th quarter valued at about $71,000. Moody National Bank Trust Division purchased a new stake in shares of AutoZone in the 4th quarter valued at $99,000. Massey Quick Simon & CO. LLC boosted its holdings in shares of AutoZone by 222.4% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 187 shares of the company’s stock valued at $145,000 after acquiring an additional 129 shares during the last quarter. Nkcfo LLC purchased a new stake in AutoZone during the fourth quarter worth $193,000. Finally, First Republic Investment Management Inc. purchased a new stake in AutoZone during the third quarter worth $216,000. 94.51% of the stock is currently owned by institutional investors.

In related news, insider Richard Craig Smith sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, January 17th. The stock was sold at an average price of $840.00, for a total transaction of $1,260,000.00. Following the sale, the insider now owns 4,500 shares of the company’s stock, valued at $3,780,000. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Domingo Hurtado sold 590 shares of the business’s stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of $888.62, for a total value of $524,285.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,790 shares of company stock valued at $40,211,001. 2.80% of the stock is currently owned by insiders.

NYSE:AZO opened at $874.08 on Friday. AutoZone, Inc. has a 12 month low of $590.76 and a 12 month high of $896.03. The stock has a market capitalization of $22.15 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 1.23 and a beta of 0.68.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, December 4th. The company reported $13.47 earnings per share for the quarter, beating the consensus estimate of $12.21 by $1.26. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.64 billion. AutoZone had a negative return on equity of 102.31% and a net margin of 12.49%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $10.00 earnings per share. As a group, equities research analysts anticipate that AutoZone, Inc. will post 59.56 EPS for the current fiscal year.

A number of equities analysts have weighed in on AZO shares. Zacks Investment Research cut shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, December 14th. Credit Suisse Group set a $854.00 price objective on AutoZone and gave the stock a “buy” rating in a research report on Wednesday, November 28th. Morgan Stanley lifted their price objective on AutoZone from $760.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 6th. Oppenheimer restated a “market perform” rating and issued a $900.00 target price (up previously from $860.00) on shares of AutoZone in a research report on Friday. Finally, Wedbush set a $870.00 target price on AutoZone and gave the company a “buy” rating in a research report on Wednesday, November 21st. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $878.95.

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AutoZone Company Profile

AutoZone Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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