AGF Investments LLC Has $734,000 Holdings in AutoZone, Inc. (NYSE:AZO)

AGF Investments LLC cut its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 19.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 432 shares of the company’s stock after selling 107 shares during the quarter. AGF Investments LLC’s holdings in AutoZone were worth $734,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. ARGI Investment Services LLC acquired a new stake in AutoZone during the 3rd quarter worth about $588,000. Allianz Asset Management GmbH boosted its position in AutoZone by 107.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 4,847 shares of the company’s stock worth $8,231,000 after acquiring an additional 2,513 shares during the period. D Orazio & Associates Inc. acquired a new stake in AutoZone during the 3rd quarter worth about $25,000. Tredje AP fonden acquired a new stake in shares of AutoZone during the 3rd quarter valued at about $4,245,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of AutoZone by 9.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 11,394 shares of the company’s stock valued at $19,349,000 after buying an additional 1,008 shares during the last quarter. Hedge funds and other institutional investors own 91.01% of the company’s stock.

Several brokerages have recently issued reports on AZO. Citigroup lifted their price target on AutoZone from $1,950.00 to $2,332.00 and gave the company a “buy” rating in a report on Wednesday, December 8th. Raymond James lifted their price target on AutoZone from $1,950.00 to $2,200.00 and gave the company an “outperform” rating in a report on Wednesday, December 8th. Jefferies Financial Group lifted their price target on AutoZone from $1,900.00 to $2,350.00 and gave the company a “buy” rating in a report on Wednesday, December 8th. Evercore ISI reiterated a “hold” rating on shares of AutoZone in a report on Thursday, December 9th. Finally, Truist initiated coverage on AutoZone in a report on Thursday. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $2,038.74.

In other AutoZone news, VP Kristen C. Wright sold 5,858 shares of the business’s stock in a transaction on Friday, December 10th. The stock was sold at an average price of $1,997.54, for a total value of $11,701,589.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP John Scott Murphy sold 2,250 shares of the business’s stock in a transaction on Monday, January 3rd. The stock was sold at an average price of $2,055.61, for a total value of $4,625,122.50. The disclosure for this sale can be found here. In the last three months, insiders sold 10,525 shares of company stock worth $20,958,078. Insiders own 2.60% of the company’s stock.

AZO opened at $2,033.48 on Friday. The stock has a market cap of $41.95 billion, a PE ratio of 19.78, a P/E/G ratio of 1.73 and a beta of 0.88. AutoZone, Inc. has a 1 year low of $1,111.71 and a 1 year high of $2,110.00. The stock’s 50 day simple moving average is $1,959.51 and its 200-day simple moving average is $1,750.97.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 7th. The company reported $25.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $20.87 by $4.82. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.38 billion. AutoZone had a negative return on equity of 126.68% and a net margin of 15.08%. AutoZone’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $18.61 EPS. Analysts anticipate that AutoZone, Inc. will post 107.41 earnings per share for the current year.

AutoZone Profile

AutoZone, Inc engages in the retail and distribution of automotive replacement parts and accessories. The firm offers ALLDATA, which produces, sells, and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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