Reliant Investment Management LLC Has $207,000 Stake in AutoZone, Inc. (NYSE:AZO)

Reliant Investment Management LLC reduced its position in AutoZone, Inc. (NYSE:AZO) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80 shares of the company’s stock after selling 6 shares during the quarter. Reliant Investment Management LLC’s holdings in AutoZone were worth $207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Arkadios Wealth Advisors lifted its holdings in shares of AutoZone by 3.9% in the fourth quarter. Arkadios Wealth Advisors now owns 796 shares of the company’s stock worth $2,058,000 after acquiring an additional 30 shares during the last quarter. International Assets Investment Management LLC increased its position in AutoZone by 232,194.6% during the 4th quarter. International Assets Investment Management LLC now owns 731,728 shares of the company’s stock worth $1,891,963,000 after purchasing an additional 731,413 shares in the last quarter. Boston Trust Walden Corp increased its position in AutoZone by 2.5% during the 4th quarter. Boston Trust Walden Corp now owns 26,969 shares of the company’s stock worth $69,731,000 after purchasing an additional 649 shares in the last quarter. KG&L Capital Management LLC acquired a new position in AutoZone during the 4th quarter worth approximately $238,000. Finally, Ballentine Partners LLC increased its position in AutoZone by 2.5% during the 4th quarter. Ballentine Partners LLC now owns 571 shares of the company’s stock worth $1,475,000 after purchasing an additional 14 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AutoZone

In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the sale, the chairman now owns 15,357 shares of the company’s stock, valued at $48,992,208.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other AutoZone 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 value of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares in the company, valued at $48,992,208.54. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Philip B. Daniele sold 4,190 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $3,161.68, for a total value of $13,247,439.20. Following the transaction, the chief executive officer now directly owns 900 shares in the company, valued at approximately $2,845,512. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,997 shares of company stock worth $61,108,338. 2.50% of the stock is owned by company insiders.

AutoZone Price Performance

Shares of AZO traded up $19.90 during trading hours on Friday, hitting $3,104.94. 84,683 shares of the stock were exchanged, compared to its average volume of 157,089. The firm has a market capitalization of $53.72 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 1.66 and a beta of 0.70. AutoZone, Inc. has a fifty-two week low of $2,277.88 and a fifty-two week high of $3,256.37. The business has a 50-day moving average of $2,960.12 and a 200-day moving average of $2,723.16.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share for the quarter, topping analysts’ consensus estimates of $26.08 by $2.81. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.32 billion. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $24.64 EPS. As a group, analysts forecast that AutoZone, Inc. will post 151.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on AZO. Mizuho began coverage on shares of AutoZone in a research report on Tuesday, March 19th. They set a “buy” rating and a $3,450.00 price objective for the company. JPMorgan Chase & Co. upped their price target on shares of AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. UBS Group upped their price target on shares of AutoZone from $3,100.00 to $3,425.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Barclays upped their price target on shares of AutoZone from $2,779.00 to $3,100.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Finally, William Blair restated an “outperform” rating on shares of AutoZone in a research report on Wednesday, December 13th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and an average price target of $3,089.61.

AutoZone Profile

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.