Atria Wealth Solutions Inc. Sells 82 Shares of AutoZone, Inc. (NYSE:AZO)

Atria Wealth Solutions Inc. lowered its position in shares of AutoZone, Inc. (NYSE:AZO) by 9.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 834 shares of the company’s stock after selling 82 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in AutoZone were worth $2,157,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AZO. Magnolia Capital Advisors LLC purchased a new position in AutoZone during the 4th quarter valued at about $267,000. Bfsg LLC bought a new position in shares of AutoZone during the fourth quarter valued at approximately $155,000. Cumberland Partners Ltd raised its holdings in shares of AutoZone by 25.0% during the fourth quarter. Cumberland Partners Ltd now owns 375 shares of the company’s stock valued at $970,000 after acquiring an additional 75 shares in the last quarter. GAMMA Investing LLC purchased a new stake in AutoZone in the fourth quarter worth $271,000. Finally, Linden Thomas Advisory Services LLC boosted its holdings in AutoZone by 12.2% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 607 shares of the company’s stock valued at $1,569,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other news, VP Richard Craig Smith sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $2,997.76, for a total value of $8,993,280.00. Following the completion of the transaction, the vice president now owns 2,921 shares in the company, valued at $8,756,456.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Richard Craig Smith sold 3,000 shares of AutoZone stock in a transaction dated Wednesday, February 28th. The stock was 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 in the company, valued at approximately $8,756,456.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Philip B. Daniele sold 4,190 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $3,161.68, for a total value of $13,247,439.20. Following the completion of the transaction, the chief executive officer now directly owns 900 shares of the company’s stock, valued at approximately $2,845,512. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,990 shares of company stock worth $50,335,193. Insiders own 2.50% of the company’s stock.

AutoZone Stock Performance

Shares of AZO stock opened at $2,998.78 on Tuesday. The company has a market capitalization of $51.94 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 1.46 and a beta of 0.70. AutoZone, Inc. has a one year low of $2,277.88 and a one year high of $3,256.37. The company’s 50-day moving average is $3,034.46 and its 200 day moving average is $2,778.53.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $28.89 EPS for the quarter, beating analysts’ consensus estimates of $26.08 by $2.81. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same quarter in the prior year, the company posted $24.64 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, research analysts predict that AutoZone, Inc. will post 152.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

AZO has been the subject of several research reports. Wedbush upped their price objective on shares of AutoZone from $2,950.00 to $3,400.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Mizuho initiated coverage on shares of AutoZone in a research note on Tuesday, March 19th. They issued a “buy” rating and a $3,450.00 price target for the company. Barclays lifted their price objective on AutoZone from $2,779.00 to $3,100.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Evercore ISI decreased their target price on AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Finally, Morgan Stanley lifted their price target on AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3,086.61.

AutoZone Company 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.