Lansforsakringar Fondforvaltning AB publ Increases Holdings in AutoZone, Inc. $AZO

Lansforsakringar Fondforvaltning AB publ grew its position in shares of AutoZone, Inc. (NYSE:AZO) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,890 shares of the company’s stock after buying an additional 225 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in AutoZone were worth $16,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in AutoZone by 1.5% in the third quarter. Vanguard Group Inc. now owns 1,797,548 shares of the company’s stock valued at $7,711,912,000 after acquiring an additional 26,544 shares during the period. Laurel Wealth Advisors LLC increased its position in shares of AutoZone by 371,123.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 935,482 shares of the company’s stock valued at $3,472,724,000 after purchasing an additional 935,230 shares during the last quarter. State Street Corp increased its position in shares of AutoZone by 1.6% during the 2nd quarter. State Street Corp now owns 714,091 shares of the company’s stock valued at $2,650,870,000 after purchasing an additional 11,088 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of AutoZone by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 444,671 shares of the company’s stock worth $1,649,228,000 after purchasing an additional 8,187 shares during the period. Finally, Norges Bank purchased a new position in shares of AutoZone in the second quarter worth approximately $981,202,000. Institutional investors own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of research reports. TD Cowen reduced their target price on shares of AutoZone from $4,900.00 to $4,400.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Roth Mkm restated a “buy” rating and issued a $4,650.00 price objective (down from $4,750.00) on shares of AutoZone in a research note on Wednesday, December 10th. Oppenheimer decreased their target price on AutoZone from $4,600.00 to $4,150.00 and set an “outperform” rating on the stock in a report on Friday, January 9th. Wolfe Research downgraded AutoZone from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. reduced their price target on AutoZone from $4,850.00 to $4,100.00 and set an “overweight” rating for the company in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,271.25.

Insider Buying and Selling

In other AutoZone news, Director Brian Hannasch acquired 147 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was acquired at an average cost of $3,393.09 per share, with a total value of $498,784.23. Following the purchase, the director directly owned 962 shares of the company’s stock, valued at approximately $3,264,152.58. This represents a 18.04% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael A. George purchased 145 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was bought at an average price of $3,398.13 per share, with a total value of $492,728.85. Following the transaction, the director owned 566 shares of the company’s stock, valued at $1,923,341.58. This represents a 34.44% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 347 shares of company stock worth $1,179,256 and sold 9,447 shares worth $34,179,923. 2.60% of the stock is currently owned by insiders.

AutoZone Stock Up 0.2%

Shares of AutoZone stock opened at $3,751.33 on Monday. The company has a market capitalization of $62.16 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 1.78 and a beta of 0.41. The stock’s 50-day simple moving average is $3,563.31 and its 200-day simple moving average is $3,839.55. AutoZone, Inc. has a 52 week low of $3,210.72 and a 52 week high of $4,388.11.

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). The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.64 billion. AutoZone had a net margin of 12.78% and a negative return on equity of 65.38%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $32.52 EPS. On average, equities analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

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.