Mn Services Vermogensbeheer B.V. Buys 200 Shares of AutoZone, Inc. $AZO

Mn Services Vermogensbeheer B.V. raised its stake in shares of AutoZone, Inc. (NYSE:AZO) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,871 shares of the company’s stock after purchasing an additional 200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in AutoZone were worth $13,785,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Benchmark Investment Advisors LLC bought a new position in shares of AutoZone in the second quarter worth about $713,000. CYBER HORNET ETFs LLC boosted its stake in AutoZone by 33,193.5% during the 2nd quarter. CYBER HORNET ETFs LLC now owns 15,315 shares of the company’s stock valued at $48,946,000 after purchasing an additional 15,269 shares during the period. Nykredit A S acquired a new stake in AutoZone in the 2nd quarter valued at approximately $27,287,000. Bank of America Corp DE acquired a new stake in AutoZone in the 2nd quarter valued at approximately $233,576,000. Finally, Engineers Gate Manager LP increased its position in AutoZone by 923.1% in the 2nd quarter. Engineers Gate Manager LP now owns 1,238 shares of the company’s stock worth $3,957,000 after buying an additional 1,117 shares during the period. Institutional investors own 92.74% of the company’s stock.

Insider Transactions at AutoZone

In other AutoZone news, VP Dennis LeRiche sold 1,455 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $3,100.00, for a total transaction of $4,510,500.00. Following the completion of the transaction, the vice president directly owned 441 shares in the company, valued at $1,367,100. This represents a 76.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AZO has been the subject of a number of research analyst reports. Sanford C. Bernstein began coverage on AutoZone in a report on Tuesday, September 29th. They set an “outperform” rating and a $3,698.00 price target for the company. Guggenheim lowered their price objective on shares of AutoZone from $4,000.00 to $3,750.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. Evercore reaffirmed an “outperform” rating on shares of AutoZone in a research report on Wednesday, September 23rd. UBS Group set a $3,850.00 target price on shares of AutoZone in a research note on Wednesday, September 23rd. Finally, The Goldman Sachs Group reduced their price target on shares of AutoZone from $4,096.00 to $3,917.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, AutoZone has an average rating of “Moderate Buy” and an average target price of $3,669.12.

AutoZone Trading Up 0.9%

NYSE AZO opened at $2,935.62 on Friday. AutoZone, Inc. has a 1-year low of $2,730.65 and a 1-year high of $4,146.42. The company has a market capitalization of $47.94 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.35 and a beta of 0.40. The stock’s 50 day moving average is $2,945.42 and its two-hundred day moving average is $3,145.03.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, September 22nd. The company reported $56.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $55.51. The business had revenue of $6.59 billion during the quarter, compared to analysts’ expectations of $6.70 billion. AutoZone had a negative return on equity of 90.08% and a net margin of 12.65%. AutoZone’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $48.71 EPS. On average, analysts predict that AutoZone, Inc. will post 171.50 earnings per share for the current year.

AutoZone announced that its Board of Directors has initiated a share repurchase program on Tuesday, June 16th that permits the company to repurchase $1.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

AutoZone Profile

AutoZone, Inc is a specialty retailer of automotive replacement parts, accessories and maintenance products. The company serves do-it-yourself customers as well as professional automotive repair shops, offering products such as batteries, brakes, filters, engine components, tools, fluids and other vehicle parts.

In addition to its retail stores, AutoZone provides commercial sales and delivery services for professional repair businesses. The company also operates ALLDATA, which offers automotive diagnostic, repair and shop-management software and information services to repair professionals.

Founded in 1979 and headquartered in Memphis, Tennessee, AutoZone operates primarily in the United States, with additional stores and operations in Mexico and Brazil.