United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires New Holdings in AutoZone, Inc. (NYSE:AZO)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in AutoZone, Inc. (NYSE:AZO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,563 shares of the company’s stock, valued at approximately $19,555,000.

A number of other institutional investors have also made changes to their positions in the stock. LGT Capital Partners LTD. grew its holdings in AutoZone by 32.2% in the 4th quarter. LGT Capital Partners LTD. now owns 27,250 shares of the company’s stock valued at $70,458,000 after buying an additional 6,630 shares during the last quarter. Graypoint LLC grew its holdings in AutoZone by 8.3% in the 4th quarter. Graypoint LLC now owns 143 shares of the company’s stock valued at $370,000 after buying an additional 11 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in AutoZone by 42,900.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 430 shares of the company’s stock valued at $1,112,000 after buying an additional 429 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in AutoZone by 59.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,292 shares of the company’s stock valued at $3,328,000 after buying an additional 480 shares during the last quarter. Finally, Compound Global Advisors LLC grew its holdings in AutoZone by 23.1% in the 4th quarter. Compound Global Advisors LLC now owns 4,991 shares of the company’s stock valued at $12,905,000 after buying an additional 938 shares during the last quarter. 92.74% of the stock is owned by institutional investors.

AutoZone Stock Up 1.0 %

AZO traded up $27.99 during trading on Wednesday, hitting $2,938.26. The company’s stock had a trading volume of 118,967 shares, compared to its average volume of 156,002. The firm’s 50 day moving average price is $2,992.30 and its two-hundred day moving average price is $2,751.32. AutoZone, Inc. has a 12 month low of $2,277.88 and a 12 month high of $3,256.37. The stock has a market capitalization of $50.89 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 1.44 and a beta of 0.70.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $26.08 by $2.81. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the previous year, the company posted $24.64 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, sell-side analysts forecast that AutoZone, Inc. will post 151.98 earnings per share for the current year.

Insider Transactions at AutoZone

In other news, Chairman William C. Rhodes III sold 6,700 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the completion of the sale, the chairman now owns 15,357 shares in the company, valued at $48,992,208.54. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Philip B. Daniele sold 4,190 shares of AutoZone stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $3,161.68, for a total transaction of $13,247,439.20. Following the completion of the sale, the chief executive officer now directly owns 900 shares of the company’s stock, valued at $2,845,512. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman William C. Rhodes III sold 6,700 shares of AutoZone 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 of the company’s stock, valued at $48,992,208.54. The disclosure for this sale can be found here. Insiders sold a total of 17,890 shares of company stock worth $55,531,693 over the last 90 days. 2.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AZO shares. UBS Group lifted their price objective on AutoZone from $3,100.00 to $3,425.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. StockNews.com lowered AutoZone from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Morgan Stanley lifted their price objective on AutoZone from $2,900.00 to $3,100.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price objective on AutoZone from $3,000.00 to $3,200.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Finally, Barclays lifted their price objective on AutoZone from $2,779.00 to $3,100.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3,086.61.

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.