Entropy Technologies LP Sells 1,210 Shares of AutoZone, Inc. $AZO

Entropy Technologies LP decreased its position in AutoZone, Inc. (NYSE:AZO) by 48.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,290 shares of the company’s stock after selling 1,210 shares during the quarter. Entropy Technologies LP’s holdings in AutoZone were worth $4,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Evelyn Partners Investment Management LLP increased its stake in AutoZone by 7.4% in the 4th quarter. Evelyn Partners Investment Management LLP now owns 10,465 shares of the company’s stock worth $35,492,000 after acquiring an additional 723 shares during the last quarter. Bard Associates Inc. bought a new stake in AutoZone in the 4th quarter worth approximately $31,000. Bollard Group LLC bought a new stake in AutoZone in the 4th quarter worth approximately $271,000. Aigen Investment Management LP increased its stake in AutoZone by 29.5% in the 4th quarter. Aigen Investment Management LP now owns 325 shares of the company’s stock worth $1,102,000 after acquiring an additional 74 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in AutoZone in the 4th quarter worth approximately $64,000. Institutional investors own 92.74% of the company’s stock.

Insider Buying and Selling

In other news, Director Earl G. Graves, Jr. sold 50 shares of AutoZone stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total value of $173,936.00. Following the completion of the transaction, the director owned 4,837 shares in the company, valued at approximately $16,826,568.64. The trade was a 1.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Hannasch bought 165 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was bought at an average price of $2,987.00 per share, with a total value of $492,855.00. Following the acquisition, the director owned 1,219 shares in the company, valued at approximately $3,641,153. This trade represents a 15.65% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.60% of the stock is currently owned by insiders.

AutoZone Stock Performance

Shares of AutoZone stock opened at $3,110.16 on Monday. The stock has a market cap of $51.26 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 1.58 and a beta of 0.35. The stock has a 50 day moving average price of $3,367.14 and a 200-day moving average price of $3,512.02. AutoZone, Inc. has a one year low of $2,928.11 and a one year high of $4,388.11.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, topping analysts’ consensus estimates of $36.22 by $1.85. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.86 billion. AutoZone had a negative return on equity of 80.35% and a net margin of 12.40%.The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $35.36 EPS. Sell-side analysts predict that AutoZone, Inc. will post 150.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. The Goldman Sachs Group reduced their price objective on AutoZone from $4,345.00 to $4,096.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Argus raised AutoZone from a “hold” rating to a “buy” rating and set a $4,325.00 price objective on the stock in a research note on Monday, March 9th. Barclays lifted their price objective on AutoZone from $3,800.00 to $3,900.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. JPMorgan Chase & Co. dropped their target price on AutoZone from $4,300.00 to $3,850.00 and set an “overweight” rating for the company in a report on Wednesday, May 27th. Finally, BMO Capital Markets dropped their target price on AutoZone from $4,300.00 to $4,000.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, AutoZone has an average rating of “Moderate Buy” and a consensus price target of $4,040.87.

AutoZone Company Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.