Lawson Kroeker Investment Management Inc. NE Sells 5,324 Shares of AutoZone, Inc. $AZO

Lawson Kroeker Investment Management Inc. NE cut its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 96.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172 shares of the company’s stock after selling 5,324 shares during the period. Lawson Kroeker Investment Management Inc. NE’s holdings in AutoZone were worth $583,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AZO. L2 Asset Management LLC boosted its holdings in AutoZone by 4.2% in the 2nd quarter. L2 Asset Management LLC now owns 75 shares of the company’s stock worth $278,000 after buying an additional 3 shares during the period. Lazard Asset Management LLC raised its holdings in AutoZone by 6.3% during the 2nd quarter. Lazard Asset Management LLC now owns 51 shares of the company’s stock valued at $189,000 after acquiring an additional 3 shares during the period. AssuredPartners Investment Advisors LLC lifted its position in shares of AutoZone by 2.5% during the third quarter. AssuredPartners Investment Advisors LLC now owns 125 shares of the company’s stock worth $536,000 after acquiring an additional 3 shares in the last quarter. Obermeyer Wealth Partners boosted its holdings in shares of AutoZone by 4.7% in the third quarter. Obermeyer Wealth Partners now owns 67 shares of the company’s stock worth $287,000 after acquiring an additional 3 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of AutoZone by 5.5% in the third quarter. Covestor Ltd now owns 58 shares of the company’s stock worth $250,000 after acquiring an additional 3 shares during the period. 92.74% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Richard Craig Smith sold 5,910 shares of the business’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $3,700.00, for a total transaction of $21,867,000.00. Following the completion of the transaction, the vice president owned 2,627 shares of the company’s stock, valued at approximately $9,719,900. The trade was a 69.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BMO Capital Markets decreased their price objective on AutoZone from $4,400.00 to $4,300.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Raymond James Financial cut their target price on AutoZone from $4,800.00 to $4,600.00 and set a “strong-buy” rating for the company in a research note on Wednesday, December 10th. Wolfe Research lowered AutoZone from an “outperform” rating to a “peer perform” rating in a report on Tuesday, December 16th. BNP Paribas Exane lowered their price target on shares of AutoZone from $4,811.00 to $4,268.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. Finally, Morgan Stanley raised their price objective on shares of AutoZone from $4,000.00 to $4,020.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4,312.13.

AutoZone Stock Performance

Shares of AZO stock opened at $3,398.84 on Friday. The company has a market capitalization of $56.01 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.74 and a beta of 0.41. AutoZone, Inc. has a 52-week low of $3,210.72 and a 52-week high of $4,388.11. The business’s fifty day moving average is $3,618.87 and its 200 day moving average is $3,715.88.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, March 3rd. The company reported $27.63 EPS for the quarter, topping the consensus estimate of $27.59 by $0.04. The business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.31 billion. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The firm’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $28.29 earnings per share. On average, sell-side analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

AutoZone Company Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.