Cwm LLC Has $820,000 Position in AutoZone, Inc. (NYSE:AZO)

Cwm LLC boosted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 317 shares of the company’s stock after buying an additional 16 shares during the quarter. Cwm LLC’s holdings in AutoZone were worth $820,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AZO. International Assets Investment Management LLC boosted its position in AutoZone by 232,194.6% during the fourth quarter. International Assets Investment Management LLC now owns 731,728 shares of the company’s stock valued at $1,891,963,000 after purchasing an additional 731,413 shares during the last quarter. Wellington Management Group LLP boosted its position in AutoZone by 111.4% during the third quarter. Wellington Management Group LLP now owns 335,190 shares of the company’s stock valued at $851,379,000 after purchasing an additional 176,623 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its position in AutoZone by 341.5% during the third quarter. Ontario Teachers Pension Plan Board now owns 159,285 shares of the company’s stock valued at $404,582,000 after purchasing an additional 123,208 shares during the last quarter. Nordea Investment Management AB boosted its position in AutoZone by 42.6% during the fourth quarter. Nordea Investment Management AB now owns 195,084 shares of the company’s stock valued at $501,512,000 after purchasing an additional 58,234 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in AutoZone by 196.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 51,460 shares of the company’s stock valued at $133,055,000 after purchasing an additional 34,092 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AutoZone

In other 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 transaction, the vice president now directly owns 2,921 shares of the company’s stock, valued at approximately $8,756,456.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Eric S. Gould sold 2,100 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the completion of the sale, the vice president now directly owns 910 shares of the company’s stock, valued at approximately $2,912,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Richard Craig Smith sold 3,000 shares of the business’s stock in a transaction dated 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. In the last ninety days, insiders sold 15,990 shares of company stock valued at $50,335,193. Corporate insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AZO shares. Truist Financial increased their price target on AutoZone from $3,363.00 to $3,523.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Evercore ISI lowered their target price on AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Barclays increased their target price on AutoZone from $2,779.00 to $3,100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. DA Davidson increased their target price on AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Finally, Morgan Stanley raised their price objective on AutoZone from $2,900.00 to $3,100.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $3,086.61.

AutoZone Trading Up 1.8 %

Shares of AZO opened at $2,998.78 on Tuesday. The company has a market capitalization of $51.94 billion, a PE ratio of 21.12, a PEG ratio of 1.46 and a beta of 0.70. AutoZone, Inc. has a 12 month low of $2,277.88 and a 12 month high of $3,256.37. The stock’s 50-day moving average price is $3,034.46 and its two-hundred day moving average price is $2,778.53.

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

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.