Crew Capital Management Ltd. Acquires 8 Shares of AutoZone, Inc. (NYSE:AZO)

Crew Capital Management Ltd. boosted its holdings in AutoZone, Inc. (NYSE:AZO) by 2.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 393 shares of the company’s stock after acquiring an additional 8 shares during the period. AutoZone accounts for 1.2% of Crew Capital Management Ltd.’s holdings, making the stock its 14th biggest position. Crew Capital Management Ltd.’s holdings in AutoZone were worth $1,498,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AZO. Atlantic Edge Private Wealth Management LLC grew its holdings in AutoZone by 18.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 38 shares of the company’s stock valued at $145,000 after buying an additional 6 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of AutoZone by 11.7% during the 1st quarter. Concurrent Investment Advisors LLC now owns 238 shares of the company’s stock worth $907,000 after purchasing an additional 25 shares in the last quarter. HM Payson & Co. grew its holdings in shares of AutoZone by 0.9% during the 1st quarter. HM Payson & Co. now owns 23,129 shares of the company’s stock worth $88,184,000 after purchasing an additional 195 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of AutoZone by 19.3% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,607 shares of the company’s stock worth $6,127,000 after purchasing an additional 260 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its holdings in shares of AutoZone by 10.2% during the 1st quarter. IFM Investors Pty Ltd now owns 3,660 shares of the company’s stock worth $13,955,000 after purchasing an additional 340 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of AutoZone in a research note on Wednesday, May 28th. Morgan Stanley reiterated an “overweight” rating and issued a $4,000.00 target price (up from $3,750.00) on shares of AutoZone in a research report on Wednesday, May 28th. Evercore ISI set a $3,950.00 target price on AutoZone in a research report on Monday, May 19th. Wells Fargo & Company set a $4,200.00 target price on AutoZone and gave the company an “overweight” rating in a research report on Monday, May 19th. Finally, Wall Street Zen upgraded AutoZone from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, AutoZone currently has a consensus rating of “Buy” and an average price target of $4,087.00.

AutoZone Stock Performance

Shares of AutoZone stock opened at $3,667.00 on Friday. AutoZone, Inc. has a 52 week low of $2,802.79 and a 52 week high of $3,916.81. The stock has a 50 day moving average price of $3,701.69 and a two-hundred day moving average price of $3,546.14. The stock has a market capitalization of $61.53 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 2.25 and a beta of 0.39.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, May 27th. The company reported $35.36 EPS for the quarter, missing analysts’ consensus estimates of $37.07 by ($1.71). AutoZone had a net margin of 13.56% and a negative return on equity of 56.07%. The firm had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.41 billion. During the same period last year, the business posted $36.69 EPS. The company’s revenue was up 5.4% on a year-over-year basis. Research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Insider Transactions at AutoZone

In related news, Chairman William C. Rhodes III sold 27,500 shares of AutoZone stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $3,708.93, for a total transaction of $101,995,575.00. Following the transaction, the chairman owned 8,546 shares of the company’s stock, valued at $31,696,515.78. The trade was a 76.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP K. Michelle Borninkhof sold 750 shares of AutoZone stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $3,597.13, for a total value of $2,697,847.50. Following the transaction, the senior vice president directly owned 406 shares in the company, valued at approximately $1,460,434.78. The trade was a 64.88% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,662 shares of company stock worth $131,999,089. 2.10% of the stock is currently owned by insiders.

About AutoZone

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.