APG Asset Management N.V. Has $84.30 Million Position in AutoZone, Inc. $AZO

APG Asset Management N.V. decreased its position in shares of AutoZone, Inc. (NYSE:AZO) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,650 shares of the company’s stock after selling 290 shares during the quarter. APG Asset Management N.V. owned approximately 0.12% of AutoZone worth $84,303,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AZO. Raleigh Capital Management Inc. acquired a new position in shares of AutoZone during the third quarter valued at $26,000. Aspect Partners LLC raised its holdings in AutoZone by 700.0% during the 2nd quarter. Aspect Partners LLC now owns 8 shares of the company’s stock worth $30,000 after purchasing an additional 7 shares during the last quarter. Global Trust Asset Management LLC lifted 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. NewSquare Capital LLC boosted its stake in shares of AutoZone by 50.0% in the 2nd quarter. NewSquare Capital LLC now owns 9 shares of the company’s stock valued at $33,000 after purchasing an additional 3 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of AutoZone during the 2nd quarter worth approximately $33,000. 92.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AZO shares. Citigroup cut their price objective on shares of AutoZone from $4,775.00 to $4,200.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of AutoZone in a research report on Monday, December 29th. UBS Group restated a “buy” rating and issued a $4,555.00 price target on shares of AutoZone in a research report on Wednesday, February 4th. Guggenheim decreased their price objective on AutoZone from $4,600.00 to $4,400.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Finally, Mizuho reissued a “neutral” rating and issued a $3,550.00 target price (down from $3,850.00) on shares of AutoZone in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, AutoZone presently has a consensus rating of “Moderate Buy” and an average target price of $4,280.63.

Insider Buying and Selling at AutoZone

In other news, VP Richard Craig Smith sold 5,910 shares of the business’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $3,700.00, for a total value of $21,867,000.00. Following the sale, the vice president directly owned 2,627 shares in the company, valued at $9,719,900. The trade was a 69.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael A. George acquired 145 shares of AutoZone stock in a transaction dated Monday, December 22nd. The shares were purchased at an average cost of $3,398.13 per share, with a total value of $492,728.85. Following the completion of the transaction, the director directly owned 566 shares of the company’s stock, valued at $1,923,341.58. This trade represents a 34.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 347 shares of company stock valued at $1,179,256 and sold 9,447 shares valued at $34,179,923. Insiders own 2.60% of the company’s stock.

AutoZone Stock Performance

Shares of AZO opened at $3,751.68 on Friday. The stock has a 50 day simple moving average of $3,594.55 and a 200 day simple moving average of $3,830.52. AutoZone, Inc. has a 52-week low of $3,210.72 and a 52-week high of $4,388.11. The firm has a market capitalization of $62.17 billion, a PE ratio of 26.16, a P/E/G ratio of 1.78 and a beta of 0.41.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $31.04 earnings per share for the quarter, missing analysts’ consensus estimates of $32.69 by ($1.65). The company had revenue of $4.63 billion during 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 business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $32.52 EPS. Equities research analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

About AutoZone

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.