Universal Beteiligungs und Servicegesellschaft mbH Sells 820 Shares of AutoZone, Inc. $AZO

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in AutoZone, Inc. (NYSE:AZO) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,745 shares of the company’s stock after selling 820 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in AutoZone were worth $56,804,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Raleigh Capital Management Inc. bought a new position in shares of AutoZone in the third quarter valued at approximately $26,000. Turning Point Benefit Group Inc. bought a new position in shares of AutoZone in the third quarter valued at approximately $25,000. Global Trust Asset Management LLC raised its stake in shares of AutoZone by 600.0% in the third quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock valued at $30,000 after acquiring an additional 6 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of AutoZone in the third quarter valued at approximately $34,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of AutoZone in the third quarter valued at approximately $43,000. Institutional investors own 92.74% of the company’s stock.

AutoZone Price Performance

Shares of AutoZone stock opened at $3,590.60 on Thursday. The firm has a market cap of $59.17 billion, a P/E ratio of 25.15, a P/E/G ratio of 1.85 and a beta of 0.41. The firm has a 50 day simple moving average of $3,568.38 and a 200 day simple moving average of $3,650.69. AutoZone, Inc. has a fifty-two week low of $3,210.72 and a fifty-two week high of $4,388.11.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share for the quarter, beating analysts’ consensus estimates of $27.59 by $0.04. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.31 billion. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. AutoZone’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $28.29 earnings per share. On average, sell-side analysts expect that AutoZone, Inc. will post 148.93 EPS for the current year.

Insiders Place Their Bets

In other AutoZone news, VP Richard Craig Smith sold 5,910 shares of AutoZone stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $3,700.00, for a total transaction of $21,867,000.00. Following the completion of the sale, the vice president owned 2,627 shares of the company’s stock, valued at approximately $9,719,900. The trade was a 69.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Earl G. Graves, Jr. sold 50 shares of AutoZone stock in a transaction on Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the sale, the director directly owned 4,837 shares of the company’s stock, valued at $16,826,568.64. This represents a 1.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AZO shares. Morgan Stanley lifted their target price on shares of AutoZone from $4,000.00 to $4,020.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of AutoZone in a report on Monday, December 29th. Evercore raised their price target on shares of AutoZone from $4,100.00 to $4,125.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Roth Mkm lowered their price target on shares of AutoZone from $4,650.00 to $4,526.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Finally, Robert W. Baird lowered shares of AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price target for the company. in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $4,312.13.

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.