Unigestion Holding SA Sells 53,431 Shares of AutoZone, Inc. (NYSE:AZO)
Unigestion Holding SA trimmed its position in AutoZone, Inc. (NYSE:AZO) by 63.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,035 shares of the company’s stock after selling 53,431 shares during the quarter. Unigestion Holding SA owned about 0.13% of AutoZone worth $33,662,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of AZO. Fulton Bank N.A. bought a new stake in shares of AutoZone in the second quarter worth about $335,000. WINTON GROUP Ltd increased its holdings in shares of AutoZone by 4.8% in the second quarter. WINTON GROUP Ltd now owns 37,522 shares of the company’s stock worth $41,254,000 after purchasing an additional 1,707 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of AutoZone by 2.6% in the second quarter. Crossmark Global Holdings Inc. now owns 1,916 shares of the company’s stock worth $2,107,000 after purchasing an additional 49 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of AutoZone in the second quarter worth about $372,000. Finally, CHURCHILL MANAGEMENT Corp increased its holdings in shares of AutoZone by 5.7% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 7,465 shares of the company’s stock worth $8,208,000 after purchasing an additional 400 shares during the last quarter. 97.16% of the stock is currently owned by hedge funds and other institutional investors.
AZO has been the topic of several research reports. Citigroup lifted their target price on AutoZone from $1,357.00 to $1,363.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Raymond James started coverage on AutoZone in a research note on Monday, October 7th. They set an “outperform” rating and a $1,250.00 price objective on the stock. Wells Fargo & Co set a $1,275.00 price objective on AutoZone and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Wedbush reissued an “outperform” rating and set a $1,240.00 price objective (up from $1,100.00) on shares of AutoZone in a research note on Thursday, September 19th. Finally, Nomura started coverage on AutoZone in a research note on Thursday. They set a “buy” rating and a $1,250.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. AutoZone currently has an average rating of “Buy” and an average target price of $1,142.71.
NYSE AZO traded up $0.25 during trading hours on Friday, hitting $1,165.86. 137,498 shares of the company were exchanged, compared to its average volume of 271,075. The stock has a 50-day moving average price of $1,110.00 and a 200 day moving average price of $1,095.06. AutoZone, Inc. has a 52 week low of $790.07 and a 52 week high of $1,186.60. The stock has a market cap of $27.43 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 1.44 and a beta of 0.62.
AutoZone (NYSE:AZO) last released its earnings results on Tuesday, September 24th. The company reported $22.59 EPS for the quarter, beating analysts’ consensus estimates of $21.80 by $0.79. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.93 billion. AutoZone had a negative return on equity of 98.67% and a net margin of 13.63%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $18.54 earnings per share. As a group, analysts expect that AutoZone, Inc. will post 65.39 EPS for the current year.
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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