GenTrust LLC Sells 53 Shares of AutoZone, Inc. (NYSE:AZO)

GenTrust LLC decreased its holdings in AutoZone, Inc. (NYSE:AZO) by 28.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135 shares of the company’s stock after selling 53 shares during the quarter. GenTrust LLC’s holdings in AutoZone were worth $349,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AZO. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of AutoZone during the 3rd quarter valued at about $25,000. Rock Creek Group LP purchased a new stake in AutoZone during the 3rd quarter worth approximately $25,000. First Capital Advisors Group LLC. purchased a new stake in AutoZone during the 2nd quarter worth approximately $32,000. MUFG Americas Holdings Corp increased its stake in AutoZone by 166.7% during the 3rd quarter. MUFG Americas Holdings Corp now owns 16 shares of the company’s stock worth $34,000 after buying an additional 10 shares in the last quarter. Finally, Mascoma Wealth Management LLC purchased a new stake in AutoZone during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman William C. Rhodes III sold 6,700 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares in the company, valued at $48,992,208.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Chairman William C. Rhodes III sold 6,700 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares in the company, valued at $48,992,208.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Eric S. Gould sold 2,100 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the completion of the sale, the vice president now owns 910 shares in the company, valued at $2,912,000. The disclosure for this sale can be found here. Insiders have sold 27,797 shares of company stock worth $81,010,974 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

AutoZone Stock Down 1.3 %

NYSE:AZO opened at $3,152.07 on Friday. The stock’s fifty day moving average is $2,912.84 and its two-hundred day moving average is $2,699.29. AutoZone, Inc. has a 52 week low of $2,277.88 and a 52 week high of $3,256.37. The stock has a market capitalization of $54.53 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.69 and a beta of 0.70.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, February 27th. The company reported $28.89 EPS for the quarter, topping analysts’ consensus estimates of $26.08 by $2.81. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the prior year, the firm earned $24.64 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts expect that AutoZone, Inc. will post 151.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AZO. Wedbush upped their price target on AutoZone from $2,950.00 to $3,400.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. UBS Group upped their price target on AutoZone from $3,100.00 to $3,425.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. TheStreet lowered AutoZone from a “c” rating to a “d+” rating in a research report on Wednesday, December 20th. Evercore ISI upped their price target on AutoZone from $3,375.00 to $3,400.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Raymond James upgraded AutoZone from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $2,850.00 to $3,100.00 in a research report on Wednesday, December 6th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and an average price target of $3,080.72.

AutoZone 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.