United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases Shares of 7,563 AutoZone, Inc. (NYSE:AZO)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of AutoZone, Inc. (NYSE:AZO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,563 shares of the company’s stock, valued at approximately $19,555,000.

Several other hedge funds have also modified their holdings of the company. TRUE Private Wealth Advisors raised its position in shares of AutoZone by 30.1% in the 4th quarter. TRUE Private Wealth Advisors now owns 160 shares of the company’s stock valued at $414,000 after purchasing an additional 37 shares during the last quarter. Tyche Wealth Partners LLC purchased a new position in shares of AutoZone in the 4th quarter valued at approximately $489,000. SVB Wealth LLC raised its position in shares of AutoZone by 9.3% in the 4th quarter. SVB Wealth LLC now owns 259 shares of the company’s stock valued at $670,000 after purchasing an additional 22 shares during the last quarter. Flputnam Investment Management Co. raised its position in shares of AutoZone by 10.7% in the 4th quarter. Flputnam Investment Management Co. now owns 93 shares of the company’s stock valued at $240,000 after purchasing an additional 9 shares during the last quarter. Finally, Sentry Investment Management LLC raised its position in shares of AutoZone by 145.8% in the 4th quarter. Sentry Investment Management LLC now owns 263 shares of the company’s stock valued at $680,000 after purchasing an additional 156 shares during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AZO shares. Evercore ISI reduced their price target on shares of AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating for the company in a research report on Tuesday. DA Davidson raised their price target on shares of AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Morgan Stanley raised their price target on shares of AutoZone from $2,900.00 to $3,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. StockNews.com lowered shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, Truist Financial raised their price target on shares of AutoZone from $3,363.00 to $3,523.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, AutoZone presently has an average rating of “Moderate Buy” and an average target price of $3,086.61.

Insider Buying and Selling at AutoZone

In other AutoZone news, SVP K. Michelle Borninkhof sold 1,900 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $2,735.00, for a total value of $5,196,500.00. Following the transaction, the senior vice president now directly owns 521 shares in the company, valued at $1,424,935. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP K. Michelle Borninkhof sold 1,900 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $2,735.00, for a total value of $5,196,500.00. Following the completion of the sale, the senior vice president now directly owns 521 shares of the company’s stock, valued at $1,424,935. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard Craig Smith sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $2,997.76, for a total value of $8,993,280.00. Following the completion of the sale, the vice president now directly owns 2,921 shares of the company’s stock, valued at $8,756,456.96. The disclosure for this sale can be found here. Insiders have sold 17,890 shares of company stock worth $55,531,693 over the last three months. Insiders own 2.50% of the company’s stock.

AutoZone Stock Performance

Shares of AZO traded up $27.99 during mid-day trading on Wednesday, hitting $2,938.26. 118,967 shares of the company’s stock were exchanged, compared to its average volume of 156,002. The company has a market cap of $50.89 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 1.44 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 stock’s 50-day moving average is $2,992.30 and its 200-day moving average is $2,751.32.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $28.89 EPS for the quarter, beating the consensus estimate of $26.08 by $2.81. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $4.32 billion. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $24.64 earnings per share. As a group, equities research analysts anticipate that AutoZone, Inc. will post 151.98 EPS for the current year.

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.