AMF Tjanstepension AB Purchases 8,314 Shares of AutoZone, Inc. $AZO

AMF Tjanstepension AB increased its position in shares of AutoZone, Inc. (NYSE:AZO) by 73.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,599 shares of the company’s stock after buying an additional 8,314 shares during the period. AMF Tjanstepension AB’s holdings in AutoZone were worth $66,470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in AutoZone by 1.5% in the third quarter. Vanguard Group Inc. now owns 1,797,548 shares of the company’s stock valued at $7,711,912,000 after acquiring an additional 26,544 shares during the period. PineStone Asset Management Inc. grew its position in AutoZone by 1.5% in the fourth quarter. PineStone Asset Management Inc. now owns 269,173 shares of the company’s stock valued at $912,900,000 after acquiring an additional 3,868 shares during the period. Northern Trust Corp grew its position in AutoZone by 1.2% in the third quarter. Northern Trust Corp now owns 189,789 shares of the company’s stock valued at $814,240,000 after acquiring an additional 2,333 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in AutoZone by 39.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 176,986 shares of the company’s stock valued at $584,730,000 after acquiring an additional 50,071 shares during the period. Finally, Marshfield Associates grew its position in AutoZone by 3.2% in the third quarter. Marshfield Associates now owns 172,332 shares of the company’s stock valued at $739,347,000 after acquiring an additional 5,293 shares during the period. 92.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AZO has been the topic of a number of analyst reports. UBS Group set a $4,800.00 price target on AutoZone in a research report on Tuesday, March 3rd. Morgan Stanley upped their price target on AutoZone from $4,000.00 to $4,020.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. The Goldman Sachs Group upped their price target on AutoZone from $4,274.00 to $4,345.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. BMO Capital Markets lowered their price target on AutoZone from $4,400.00 to $4,300.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Finally, Robert W. Baird cut AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price target on the stock. in a research 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 stock. According to data from MarketBeat.com, AutoZone has an average rating of “Moderate Buy” and an average price target of $4,312.13.

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 stock was sold at an average price of $3,478.72, for a total value of $173,936.00. Following the transaction, the director owned 4,837 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by corporate insiders.

AutoZone Stock Performance

AutoZone stock opened at $3,364.00 on Tuesday. The firm has a market cap of $55.44 billion, a P/E ratio of 23.57, a P/E/G ratio of 1.70 and a beta of 0.43. The business’s fifty day moving average is $3,484.79 and its two-hundred day moving average is $3,593.07. AutoZone, Inc. has a 52 week low of $3,210.72 and a 52 week high of $4,388.11.

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

AutoZone Company 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.