Banque Transatlantique SA Has $3.75 Million Stake in AutoZone, Inc. $AZO

Banque Transatlantique SA reduced its position in shares of AutoZone, Inc. (NYSE:AZO) by 17.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,102 shares of the company’s stock after selling 237 shares during the quarter. Banque Transatlantique SA’s holdings in AutoZone were worth $3,752,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. MidFirst Bank acquired a new position in AutoZone during the fourth quarter worth approximately $139,000. Titan Investment Management LLC acquired a new stake in shares of AutoZone in the fourth quarter valued at approximately $1,621,000. Clear Retirement Advice LLC bought a new position in shares of AutoZone during the 4th quarter worth approximately $331,000. MV Capital Management Inc. bought a new position in shares of AutoZone during the 4th quarter worth approximately $61,000. Finally, Sunbelt Securities Inc. increased its holdings in shares of AutoZone by 32.8% during the 4th quarter. Sunbelt Securities Inc. now owns 271 shares of the company’s stock worth $919,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other AutoZone news, Director Brian Hannasch bought 165 shares of AutoZone 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 completion of the transaction, the director owned 1,219 shares in the company, valued at $3,641,153. The trade was a 15.65% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Earl G. Graves, Jr. sold 50 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the completion of the transaction, the director owned 4,837 shares in the company, valued at $16,826,568.64. This trade represents a 1.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group dropped their price target 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. Oppenheimer reaffirmed an “outperform” rating and set a $4,300.00 price objective (up from $4,150.00) on shares of AutoZone in a research report on Tuesday, March 10th. Robert W. Baird decreased their price objective on shares of AutoZone from $3,900.00 to $3,600.00 and set a “neutral” rating on the stock in a report on Wednesday, May 27th. Weiss Ratings raised shares of AutoZone from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Finally, Argus upgraded shares of AutoZone from a “hold” rating to a “buy” rating and set a $4,325.00 target price for the company in a research note on Monday, March 9th. One investment 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4,040.87.

AutoZone Trading Up 0.1%

Shares of NYSE AZO opened at $3,064.22 on Friday. The firm has a market cap of $50.04 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 1.55 and a beta of 0.35. AutoZone, Inc. has a 1-year low of $2,928.11 and a 1-year high of $4,388.11. The business’s 50 day moving average is $3,341.84 and its 200-day moving average is $3,487.41.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, May 26th. The company reported $38.07 earnings per share for the quarter, topping the consensus estimate of $36.22 by $1.85. The business 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 firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $35.36 EPS. Analysts forecast that AutoZone, Inc. will post 150.51 EPS for the current year.

AutoZone announced that its board has initiated a share buyback plan on Tuesday, June 16th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to buy up to 3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.