Broad Run Investment Management LLC trimmed its stake in AutoZone, Inc. (NYSE:AZO) by 3.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,986 shares of the company’s stock after selling 230 shares during the period. AutoZone comprises 0.1% of Broad Run Investment Management LLC’s investment portfolio, making the stock its 24th biggest holding. Broad Run Investment Management LLC’s holdings in AutoZone were worth $4,258,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in AZO. First Trust Advisors LP purchased a new stake in shares of AutoZone in the 3rd quarter valued at approximately $1,009,000. Gamco Investors INC. ET AL purchased a new stake in shares of AutoZone in the 3rd quarter valued at approximately $298,000. BNP Paribas Arbitrage SA raised its stake in shares of AutoZone by 54.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,270 shares of the company’s stock valued at $9,087,000 after acquiring an additional 5,358 shares during the period. Sei Investments Co. increased its stake in AutoZone by 1,989.1% during the 3rd quarter. Sei Investments Co. now owns 113,625 shares of the company’s stock worth $10,347,000 after buying an additional 108,186 shares during the period. Finally, Jarislowsky Fraser Ltd purchased a new stake in AutoZone during the 3rd quarter worth approximately $202,000. 95.82% of the stock is currently owned by institutional investors and hedge funds.
In other AutoZone news, insider Philip B. Daniele sold 740 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $780.37, for a total value of $577,473.80. Following the sale, the insider now directly owns 1,058 shares of the company’s stock, valued at approximately $825,631.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James C. Griffith sold 1,250 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $794.70, for a total transaction of $993,375.00. Following the completion of the sale, the insider now directly owns 1,353 shares in the company, valued at $1,075,229.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,887 shares of company stock worth $14,165,983. Insiders own 2.80% of the company’s stock.
AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $8.47 EPS for the quarter, missing the Zacks’ consensus estimate of $8.81 by ($0.34). AutoZone had a net margin of 12.00% and a negative return on equity of 85.64%. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the company posted $7.75 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. equities research analysts anticipate that AutoZone, Inc. will post 49.24 earnings per share for the current year.
AZO has been the topic of several recent research reports. Zacks Investment Research raised shares of AutoZone from a “hold” rating to a “buy” rating and set a $819.00 target price on the stock in a research note on Tuesday, February 6th. Barclays upped their target price on shares of AutoZone from $710.00 to $800.00 in a research note on Thursday, December 7th. UBS Group reaffirmed a “buy” rating and set a $750.00 target price (up from $655.00) on shares of AutoZone in a research note on Wednesday, November 29th. Raymond James Financial reaffirmed a “hold” rating on shares of AutoZone in a research note on Saturday, December 2nd. Finally, Argus upped their target price on shares of AutoZone from $675.00 to $875.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $754.28.
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Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of October 27, 2016, the Company operated through 6,029 locations in the United States, Puerto Rico, Mexico and Brazil.
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