Sciencast Management LP Sells 1,094 Shares of AutoZone, Inc. (NYSE:AZO)
Sciencast Management LP decreased its position in shares of AutoZone, Inc. (NYSE:AZO) by 45.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,311 shares of the company’s stock after selling 1,094 shares during the quarter. Sciencast Management LP’s holdings in AutoZone were worth $1,509,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of AutoZone by 7.6% during the 2nd quarter. BlackRock Inc. now owns 2,063,593 shares of the company’s stock worth $2,268,859,000 after purchasing an additional 146,643 shares during the last quarter. Boston Partners raised its stake in shares of AutoZone by 8.0% in the third quarter. Boston Partners now owns 467,735 shares of the company’s stock worth $507,559,000 after acquiring an additional 34,467 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of AutoZone by 6.7% in the second quarter. AQR Capital Management LLC now owns 216,377 shares of the company’s stock worth $237,657,000 after acquiring an additional 13,597 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of AutoZone by 7.0% in the third quarter. California Public Employees Retirement System now owns 202,727 shares of the company’s stock worth $219,882,000 after acquiring an additional 13,259 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of AutoZone by 614.8% in the second quarter. Nuveen Asset Management LLC now owns 195,179 shares of the company’s stock worth $214,593,000 after acquiring an additional 167,873 shares during the last quarter. Hedge funds and other institutional investors own 93.61% of the company’s stock.
A number of brokerages have weighed in on AZO. Evercore ISI reaffirmed a “hold” rating on shares of AutoZone in a research note on Thursday, December 12th. Citigroup boosted their price target on shares of AutoZone from $1,357.00 to $1,363.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Wells Fargo & Co boosted their price target on shares of AutoZone from $1,300.00 to $1,400.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Credit Suisse Group reissued an “outperform” rating and set a $1,350.00 price target (up from $1,275.00) on shares of AutoZone in a research note on Wednesday, December 11th. Finally, Morgan Stanley boosted their price target on shares of AutoZone from $1,200.00 to $1,300.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. AutoZone presently has an average rating of “Buy” and a consensus target price of $1,240.40.
AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $14.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $13.74 by $0.56. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. AutoZone had a net margin of 13.45% and a negative return on equity of 96.86%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $13.47 earnings per share. On average, analysts forecast that AutoZone, Inc. will post 66.17 EPS for the current year.
In related news, VP William R. Hackney sold 5,054 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $1,222.09, for a total transaction of $6,176,442.86. Following the completion of the transaction, the vice president now owns 3,783 shares in the company, valued at $4,623,166.47. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is currently owned by insiders.
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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