Greenleaf Trust Acquires 24 Shares of AutoZone, Inc. (AZO)

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Greenleaf Trust boosted its holdings in AutoZone, Inc. (NYSE:AZO) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 726 shares of the company’s stock after buying an additional 24 shares during the quarter. Greenleaf Trust’s holdings in AutoZone were worth $609,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AZO. Great Lakes Advisors LLC grew its position in AutoZone by 1.0% during the 3rd quarter. Great Lakes Advisors LLC now owns 2,037 shares of the company’s stock worth $1,580,000 after purchasing an additional 20 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its position in AutoZone by 0.5% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 4,081 shares of the company’s stock worth $3,421,000 after purchasing an additional 22 shares in the last quarter. Janney Montgomery Scott LLC grew its position in AutoZone by 3.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 904 shares of the company’s stock worth $758,000 after purchasing an additional 28 shares in the last quarter. CENTRAL TRUST Co grew its position in AutoZone by 3.2% during the 4th quarter. CENTRAL TRUST Co now owns 962 shares of the company’s stock worth $806,000 after purchasing an additional 30 shares in the last quarter. Finally, ETF Managers Group LLC grew its position in AutoZone by 17.3% during the 4th quarter. ETF Managers Group LLC now owns 203 shares of the company’s stock worth $170,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

AutoZone stock opened at $906.33 on Friday. AutoZone, Inc. has a 12 month low of $590.76 and a 12 month high of $926.75. The firm has a market cap of $23.22 billion, a PE ratio of 16.50, a P/E/G ratio of 1.28 and a beta of 0.68.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 4th. The company reported $13.47 EPS for the quarter, beating the consensus estimate of $12.21 by $1.26. AutoZone had a net margin of 12.49% and a negative return on equity of 102.31%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the previous year, the company posted $10.00 EPS. AutoZone’s revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts predict that AutoZone, Inc. will post 59.66 earnings per share for the current year.

In related news, insider Richard Craig Smith sold 1,500 shares of AutoZone stock in a transaction on Thursday, January 17th. The shares were sold at an average price of $840.00, for a total value of $1,260,000.00. Following the completion of the sale, the insider now owns 4,500 shares of the company’s stock, valued at approximately $3,780,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William R. Hackney sold 5,700 shares of AutoZone stock in a transaction on Friday, December 7th. The shares were sold at an average price of $870.00, for a total transaction of $4,959,000.00. Following the completion of the sale, the insider now directly owns 3,998 shares of the company’s stock, valued at approximately $3,478,260. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,790 shares of company stock worth $40,211,001. 2.80% of the stock is currently owned by corporate insiders.

Several equities analysts have weighed in on AZO shares. Zacks Investment Research cut shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. Credit Suisse Group set a $854.00 price objective on shares of AutoZone and gave the stock a “buy” rating in a research report on Wednesday, November 28th. Morgan Stanley lifted their price objective on shares of AutoZone from $760.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 6th. Oppenheimer restated a “market perform” rating and set a $900.00 price target (up from $860.00) on shares of AutoZone in a report on Friday, February 8th. Finally, ValuEngine cut shares of AutoZone from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. AutoZone presently has an average rating of “Buy” and a consensus price target of $882.51.

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AutoZone Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.

Further Reading: How To Calculate Debt-to-Equity Ratio

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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