586 Shares of AutoZone, Inc. $AZO Bought by First Nebraska Trust Co

First Nebraska Trust Co acquired a new stake in AutoZone, Inc. (NYSE:AZO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 586 shares of the company’s stock, valued at approximately $1,658,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of AutoZone during the 3rd quarter valued at approximately $13,089,000. Vise Technologies Inc. bought a new position in AutoZone during the third quarter worth $3,180,000. Grandfield & Dodd LLC lifted its stake in AutoZone by 4.6% during the third quarter. Grandfield & Dodd LLC now owns 5,222 shares of the company’s stock worth $14,778,000 after purchasing an additional 229 shares during the last quarter. Aprio Wealth Management LLC boosted its holdings in AutoZone by 5.8% in the third quarter. Aprio Wealth Management LLC now owns 73 shares of the company’s stock worth $207,000 after purchasing an additional 4 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in AutoZone by 20,034.2% in the third quarter. International Assets Investment Management LLC now owns 90,000 shares of the company’s stock worth $254,702,000 after purchasing an additional 89,553 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Evercore reiterated an “outperform” rating on shares of AutoZone in a research note on Wednesday, September 23rd. Piper Sandler set a $3,500.00 price target on shares of AutoZone in a research report on Monday, August 31st. Robert W. Baird decreased their price target on shares of AutoZone from $3,600.00 to $3,400.00 and set a “neutral” rating for the company in a report on Wednesday, September 23rd. JPMorgan Chase & Co. lowered their price objective on shares of AutoZone from $3,850.00 to $3,700.00 and set an “overweight” rating for the company in a research report on Monday, September 28th. Finally, Morgan Stanley downgraded shares of AutoZone from an “overweight” rating to a “market perform” rating in a research report on Tuesday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3,674.36.

Insider Activity

In other news, VP Dennis LeRiche sold 1,455 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $3,100.00, for a total transaction of $4,510,500.00. Following the completion of the transaction, the vice president owned 441 shares of the company’s stock, valued at approximately $1,367,100. The trade was a 76.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

AutoZone Trading Down 1.6%

Shares of NYSE AZO opened at $3,199.47 on Wednesday. AutoZone, Inc. has a 12-month low of $2,730.65 and a 12-month high of $3,996.25. The company has a market cap of $51.48 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 1.68 and a beta of 0.37. The stock’s 50 day simple moving average is $2,974.50 and its 200 day simple moving average is $3,258.65.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, September 22nd. The company reported $56.05 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $55.51. AutoZone had a negative return on equity of 90.08% and a net margin of 12.65%. The firm had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $6.70 billion. During the same period in the prior year, the business earned $48.71 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. As a group, equities analysts forecast that AutoZone, Inc. will post 170.30 earnings per share for the current fiscal year.

AutoZone Company Profile

AutoZone, Inc is a specialty retailer and distributor of automotive replacement parts, equipment and accessories. The company serves do-it-yourself customers, professional automotive technicians and commercial repair businesses through its retail stores, distribution network and digital platforms.

Its merchandise includes replacement batteries, brakes, filters, belts, hoses, ignition components, tools, fluids, lighting products and other maintenance items. AutoZone also offers private-label products under brands such as Duralast, as well as vehicle diagnostic services and parts delivery for commercial customers.

Founded in 1979 as Auto Shack by Pitt Hyde, the company adopted the AutoZone name in 1987.