Cardan Capital Partners LLC decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 0.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,052 shares of the company’s stock after selling 27 shares during the quarter. AutoZone makes up about 1.0% of Cardan Capital Partners LLC’s holdings, making the stock its 29th biggest position. Cardan Capital Partners LLC’s holdings in AutoZone were worth $6,198,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Berman Capital Advisors LLC acquired a new stake in AutoZone during the fourth quarter worth approximately $26,000. Penserra Capital Management LLC acquired a new stake in AutoZone in the 4th quarter valued at approximately $30,000. Lindbrook Capital LLC purchased a new stake in AutoZone in the fourth quarter valued at approximately $35,000. CX Institutional acquired a new position in AutoZone during the fourth quarter worth $71,000. Finally, Semmax Financial Advisors Inc. acquired a new position in AutoZone during the fourth quarter worth $75,000. Institutional investors own 95.07% of the company’s stock.

Shares of AZO stock traded down $12.14 during midday trading on Tuesday, reaching $1,040.40. 276,688 shares of the company traded hands, compared to its average volume of 320,747. The company has a market cap of $26.10 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 1.41 and a beta of 0.69. AutoZone, Inc. has a 1-year low of $590.76 and a 1-year high of $1,058.31.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, February 26th. The company reported $11.49 earnings per share for the quarter, topping analysts’ consensus estimates of $9.97 by $1.52. AutoZone had a negative return on equity of 98.24% and a net margin of 12.49%. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the prior year, the firm posted $8.47 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. As a group, equities research analysts expect that AutoZone, Inc. will post 61.7 earnings per share for the current year.

In other AutoZone news, Director Earl G. Graves, Jr. sold 250 shares of AutoZone stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $1,038.68, for a total transaction of $259,670.00. Following the completion of the transaction, the director now owns 4,357 shares in the company, valued at $4,525,528.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas B. Newbern sold 7,500 shares of AutoZone stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $995.92, for a total transaction of $7,469,400.00. Following the transaction, the vice president now owns 12,073 shares of the company’s stock, valued at approximately $12,023,742.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,140 shares of company stock worth $11,630,907. 2.80% of the stock is owned by company insiders.

Several analysts have recently weighed in on AZO shares. Zacks Investment Research downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, December 14th. Wells Fargo & Co reissued an “outperform” rating and issued a $1,050.00 price objective (up from $940.00) on shares of AutoZone in a research note on Tuesday, February 26th. Morgan Stanley upped their price objective on shares of AutoZone from $900.00 to $980.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 27th. Evercore ISI assumed coverage on shares of AutoZone in a research note on Wednesday, March 20th. They issued an “in-line” rating and a $1,030.00 target price for the company. Finally, Bank of America upgraded shares of AutoZone from a “neutral” rating to a “buy” rating in a research note on Monday, March 11th. Six 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 stock. The stock has an average rating of “Buy” and a consensus price target of $945.65.

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About AutoZone

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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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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