MUFG Securities EMEA plc Purchases 362 Shares of AutoZone, Inc. $AZO

MUFG Securities EMEA plc grew its position in AutoZone, Inc. (NYSE:AZO) by 113.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 682 shares of the company’s stock after purchasing an additional 362 shares during the quarter. MUFG Securities EMEA plc’s holdings in AutoZone were worth $2,313,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of AutoZone by 6.6% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,966 shares of the company’s stock valued at $21,315,000 after purchasing an additional 306 shares during the last quarter. Numerai GP LLC boosted its stake in shares of AutoZone by 1,199.3% in the 3rd quarter. Numerai GP LLC now owns 1,754 shares of the company’s stock valued at $7,525,000 after purchasing an additional 1,619 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of AutoZone in the 3rd quarter valued at $678,000. Caprock Group LLC acquired a new position in shares of AutoZone during the 3rd quarter valued at $4,049,000. Finally, ANTIPODES PARTNERS Ltd lifted its position in shares of AutoZone by 185.7% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 640 shares of the company’s stock valued at $2,746,000 after acquiring an additional 416 shares during the period. 92.74% of the stock is owned by institutional investors.

AutoZone Trading Up 2.9%

Shares of AutoZone stock opened at $3,020.43 on Tuesday. The company has a market capitalization of $49.78 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.49 and a beta of 0.35. The stock has a fifty day simple moving average of $3,415.35 and a 200 day simple moving average of $3,559.42. AutoZone, Inc. has a 12-month low of $2,928.11 and a 12-month high of $4,388.11.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, May 26th. The company reported $38.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $36.22 by $1.85. AutoZone had a net margin of 12.40% and a negative return on equity of 77.83%. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the firm earned $35.36 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts predict that AutoZone, Inc. will post 150.54 EPS for the current year.

Insider Transactions at AutoZone

In related news, Director Earl G. Graves, Jr. sold 50 shares of the firm’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the transaction, the director directly owned 4,837 shares of the company’s stock, valued at $16,826,568.64. This trade represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Hannasch purchased 165 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of $2,987.00 per share, for a total transaction of $492,855.00. Following the completion of the transaction, the director directly owned 1,219 shares of the company’s stock, valued at $3,641,153. This represents a 15.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AZO shares. Oppenheimer reiterated an “outperform” rating and set a $4,300.00 target price (up from $4,150.00) on shares of AutoZone in a research report on Tuesday, March 10th. Barclays boosted their target price on shares of AutoZone from $3,800.00 to $3,900.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. BNP Paribas Exane dropped their target price on shares of AutoZone from $4,478.00 to $3,979.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Guggenheim dropped their target price on shares of AutoZone from $4,400.00 to $4,000.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Finally, Truist Financial set a $3,700.00 target price on shares of AutoZone in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,040.87.

AutoZone Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do?it?yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.