Deroy & Devereaux Private Investment Counsel Inc. Buys 109 Shares of AutoZone, Inc. (NYSE:AZO)

Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of AutoZone, Inc. (NYSE:AZO) by 0.9% during the third quarter, HoldingsChannel reports. The firm owned 12,807 shares of the company’s stock after purchasing an additional 109 shares during the quarter. AutoZone makes up about 2.3% of Deroy & Devereaux Private Investment Counsel Inc.’s investment portfolio, making the stock its 5th largest position. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in AutoZone were worth $40,343,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC increased its stake in 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 purchasing an additional 993,139 shares in the last quarter. Boston Partners increased its stake in shares of AutoZone by 1.7% in the first quarter. Boston Partners now owns 382,169 shares of the company’s stock worth $1,202,596,000 after acquiring an additional 6,226 shares during the period. PineStone Asset Management Inc. increased its stake in shares of 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 during the period. Nordea Investment Management AB increased its stake in shares of AutoZone by 4.1% in the first quarter. Nordea Investment Management AB now owns 203,072 shares of the company’s stock worth $643,641,000 after acquiring an additional 7,988 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of AutoZone by 564.2% in the first quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock worth $479,338,000 after acquiring an additional 129,193 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AZO. DA Davidson reiterated a “neutral” rating and issued a $3,025.00 price objective on shares of AutoZone in a research note on Monday, September 30th. Evercore ISI raised their price target on shares of AutoZone from $3,300.00 to $3,350.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Mizuho raised their price target on shares of AutoZone from $3,280.00 to $3,350.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley raised their price target on shares of AutoZone from $3,038.00 to $3,125.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3,202.71.

AutoZone Trading Down 0.3 %

NYSE:AZO opened at $3,009.00 on Friday. The company’s 50-day moving average price is $3,122.12 and its 200-day moving average price is $3,011.66. The company has a market cap of $51.40 billion, a P/E ratio of 20.10, a P/E/G ratio of 1.59 and a beta of 0.70. AutoZone, Inc. has a twelve month low of $2,463.45 and a twelve month high of $3,256.37.

AutoZone (NYSE:AZO) last posted its quarterly earnings results 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). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The business had revenue of $6.21 billion during the quarter, compared to analysts’ expectations of $6.25 billion. During the same period in the prior year, the business posted $46.46 earnings per share. The business’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts expect that AutoZone, Inc. will post 157.99 earnings per share for the current year.

AutoZone 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.