Legacy Private Trust Co. Has $3.84 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Legacy Private Trust Co. cut its position in shares of AutoZone, Inc. (NYSE:AZO) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,199 shares of the company’s stock after selling 9 shares during the period. Legacy Private Trust Co.’s holdings in AutoZone were worth $3,839,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in AutoZone in the third quarter valued at approximately $36,000. Meeder Asset Management Inc. lifted its stake in shares of AutoZone by 50.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after purchasing an additional 5 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in AutoZone in the third quarter worth $47,000. Darwin Wealth Management LLC acquired a new position in AutoZone during the third quarter worth $47,000. Finally, McIlrath & Eck LLC increased its position in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after buying an additional 4 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AutoZone news, Chairman William C. Rhodes III sold 13,000 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the sale, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. This represents a 48.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AZO shares. Redburn Atlantic upgraded AutoZone to a “strong-buy” rating in a research note on Tuesday, October 1st. BMO Capital Markets initiated coverage on shares of AutoZone in a research report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target on the stock. Argus upped their price objective on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Wedbush reiterated an “outperform” rating and issued a $3,200.00 target price on shares of AutoZone in a research note on Thursday, September 19th. Finally, UBS Group boosted their target price on shares of AutoZone from $3,340.00 to $3,500.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3,400.32.

AutoZone Stock Performance

Shares of AZO stock traded up $42.08 during mid-day trading on Wednesday, reaching $3,301.99. The company’s stock had a trading volume of 80,027 shares, compared to its average volume of 116,843. The firm’s 50-day moving average is $3,195.50 and its two-hundred day moving average is $3,118.13. The company has a market cap of $55.41 billion, a P/E ratio of 22.06, a PEG ratio of 1.73 and a beta of 0.71. AutoZone, Inc. has a 1-year low of $2,510.00 and a 1-year high of $3,416.71.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the business earned $32.55 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that AutoZone, Inc. will post 154.29 EPS for the current year.

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.