Canada Post Corp Registered Pension Plan Purchases 190 Shares of AutoZone, Inc. $AZO

Canada Post Corp Registered Pension Plan increased its holdings in AutoZone, Inc. (NYSE:AZO) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,669 shares of the company’s stock after purchasing an additional 190 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in AutoZone were worth $15,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AZO. Raleigh Capital Management Inc. purchased a new position in shares of AutoZone during the third quarter valued at approximately $26,000. Aspect Partners LLC boosted its holdings in AutoZone by 700.0% in the second quarter. Aspect Partners LLC now owns 8 shares of the company’s stock valued at $30,000 after acquiring an additional 7 shares in the last quarter. Global Trust Asset Management LLC increased its position in AutoZone by 600.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock valued at $30,000 after purchasing an additional 6 shares during the period. Bank of Jackson Hole Trust purchased a new position in AutoZone during the 2nd quarter valued at $33,000. Finally, NewSquare Capital LLC raised its holdings in AutoZone by 50.0% in the 2nd quarter. NewSquare Capital LLC now owns 9 shares of the company’s stock worth $33,000 after purchasing an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Insiders Place Their Bets

In other AutoZone news, Director Brian Hannasch bought 147 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was acquired at an average price of $3,393.09 per share, with a total value of $498,784.23. Following the transaction, the director owned 962 shares in the company, valued at $3,264,152.58. This represents a 18.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director George R. Mrkonic, Jr. sold 97 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $3,341.99, for a total value of $324,173.03. Following the completion of the transaction, the director directly owned 3,564 shares of the company’s stock, valued at approximately $11,910,852.36. This trade represents a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have purchased 347 shares of company stock worth $1,179,256 and have sold 9,447 shares worth $34,179,923. 2.60% of the stock is currently owned by company insiders.

AutoZone Stock Performance

Shares of AZO stock opened at $3,681.24 on Friday. The company has a market capitalization of $61.00 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41. AutoZone, Inc. has a one year low of $3,210.72 and a one year high of $4,388.11. The company’s 50-day moving average is $3,550.74 and its 200 day moving average is $3,847.96.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, December 9th. The company reported $31.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $32.69 by ($1.65). AutoZone had a negative return on equity of 65.38% and a net margin of 12.78%.The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the prior year, the company posted $32.52 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Robert W. Baird upgraded shares of AutoZone to a “strong-buy” rating in a research report on Thursday, December 4th. Erste Group Bank downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Friday, October 31st. Barclays set a $3,880.00 target price on AutoZone in a research report on Thursday, January 8th. Zacks Research upgraded AutoZone from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Wells Fargo & Company decreased their price objective on AutoZone from $4,700.00 to $4,500.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4,296.25.

AutoZone 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.