Glenview Trust co Has $996,000 Holdings in AutoZone, Inc. (NYSE:AZO)

Glenview Trust co lifted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 116.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 311 shares of the company’s stock after buying an additional 167 shares during the quarter. Glenview Trust co’s holdings in AutoZone were worth $996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of AZO. Prime Capital Investment Advisors LLC acquired a new stake in shares of AutoZone during the 3rd quarter worth approximately $239,000. CIBC Asset Management Inc grew its position in shares of AutoZone by 7.2% during the 3rd quarter. CIBC Asset Management Inc now owns 2,497 shares of the company’s stock worth $7,866,000 after buying an additional 168 shares during the period. Empowered Funds LLC grew its position in shares of AutoZone by 16.6% during the 3rd quarter. Empowered Funds LLC now owns 1,514 shares of the company’s stock worth $4,769,000 after buying an additional 215 shares during the period. Braun Stacey Associates Inc. grew its position in shares of AutoZone by 0.9% during the 3rd quarter. Braun Stacey Associates Inc. now owns 7,129 shares of the company’s stock worth $22,457,000 after buying an additional 61 shares during the period. Finally, Cassaday & Co Wealth Management LLC grew its position in shares of AutoZone by 12.0% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 93 shares of the company’s stock worth $293,000 after buying an additional 10 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Transactions at AutoZone

In related news, VP Dennis W. Leriche sold 1,575 shares of AutoZone stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the completion of the sale, the vice president now owns 417 shares of the company’s stock, valued at approximately $1,501,200. This trade represents a 79.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP K. Michelle Borninkhof sold 136 shares of AutoZone stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total value of $482,810.88. Following the completion of the sale, the senior vice president now directly owns 403 shares of the company’s stock, valued at approximately $1,430,682.24. This trade represents a 25.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,871 shares of company stock worth $6,720,811 in the last ninety days. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AZO shares. BMO Capital Markets raised their price objective on shares of AutoZone from $3,700.00 to $3,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Evercore ISI increased their target price on AutoZone from $3,525.00 to $3,700.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Roth Capital set a $3,763.00 target price on AutoZone in a report on Wednesday, March 5th. Wells Fargo & Company increased their target price on AutoZone from $3,750.00 to $3,850.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Finally, Roth Mkm increased their target price on AutoZone from $3,634.00 to $3,763.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3,651.91.

AutoZone Price Performance

NYSE AZO opened at $3,620.16 on Tuesday. The stock has a market capitalization of $60.75 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,704.43. The business’s fifty day moving average is $3,408.03 and its 200-day moving average is $3,247.36.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. Research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

AutoZone 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.