IFM Investors Pty Ltd Has $11.53 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

IFM Investors Pty Ltd decreased its position in shares of AutoZone, Inc. (NYSE:AZO) by 2.2% in the third quarter, Holdings Channel.com reports. The firm owned 3,660 shares of the company’s stock after selling 81 shares during the period. IFM Investors Pty Ltd’s holdings in AutoZone were worth $11,529,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AZO. International Assets Investment Management LLC lifted its holdings in shares of AutoZone by 354,692.5% during the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after buying an additional 993,139 shares during the last quarter. Boston Partners lifted its stake in AutoZone by 1.7% in the first quarter. Boston Partners now owns 382,169 shares of the company’s stock valued at $1,202,596,000 after acquiring an additional 6,226 shares during the last quarter. PineStone Asset Management Inc. grew its position in AutoZone by 137.6% in the second quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock worth $918,998,000 after acquiring an additional 179,543 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of AutoZone by 4.1% during the 1st quarter. Nordea Investment Management AB now owns 203,072 shares of the company’s stock worth $643,641,000 after purchasing an additional 7,988 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of AutoZone by 564.2% during the 1st quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock valued at $479,338,000 after purchasing an additional 129,193 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Down 1.3 %

Shares of AZO opened at $3,156.46 on Friday. The stock’s 50-day moving average price is $3,134.91 and its 200 day moving average price is $3,009.12. The firm has a market capitalization of $53.92 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 1.59 and a beta of 0.70. AutoZone, Inc. has a 12-month low of $2,375.35 and a 12-month high of $3,256.37.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing the consensus estimate of $53.31 by ($5.20). The firm had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.25 billion. AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. AutoZone’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $46.46 EPS. Equities research analysts expect that AutoZone, Inc. will post 157.99 EPS for the current year.

Insiders Place Their Bets

In other news, Chairman William C. Rhodes III sold 300 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total value of $922,560.00. Following the completion of the transaction, the chairman now owns 13,857 shares in the company, valued at approximately $42,613,046.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Chairman William C. Rhodes III sold 300 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total value of $922,560.00. Following the sale, the chairman now directly owns 13,857 shares in the company, valued at approximately $42,613,046.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the transaction, the vice president now owns 1,218 shares of the company’s stock, valued at $3,785,166.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,880 shares of company stock worth $46,225,660 over the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of recent research reports. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. Truist Financial increased their price objective on AutoZone from $3,341.00 to $3,501.00 and gave the company a “buy” rating in a report on Monday, October 14th. Roth Mkm restated a “buy” rating and issued a $3,634.00 target price on shares of AutoZone in a report on Wednesday, October 16th. BNP Paribas upgraded AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. Finally, Redburn Atlantic raised shares of AutoZone to a “strong-buy” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3,202.71.

AutoZone Company 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.