Livforsakringsbolaget Skandia Omsesidigt Buys 24 Shares of AutoZone, Inc. (NYSE:AZO)

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in AutoZone, Inc. (NYSE:AZO) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,655 shares of the company’s stock after acquiring an additional 24 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in AutoZone were worth $6,857,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC acquired a new position in AutoZone in the third quarter valued at approximately $25,000. Rock Creek Group LP acquired a new position in AutoZone in the third quarter valued at approximately $25,000. First Capital Advisors Group LLC. acquired a new position in AutoZone in the second quarter valued at approximately $32,000. MUFG Americas Holdings Corp lifted its stake in AutoZone by 166.7% in the third quarter. MUFG Americas Holdings Corp now owns 16 shares of the company’s stock valued at $34,000 after buying an additional 10 shares during the period. Finally, Mascoma Wealth Management LLC acquired a new position in AutoZone in the third quarter valued at approximately $38,000. 92.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on AZO. Morgan Stanley boosted their price target on AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. TheStreet lowered AutoZone from a “c” rating to a “d+” rating in a research report on Wednesday, December 20th. Barclays upped their target price on AutoZone from $2,779.00 to $3,100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. StockNews.com lowered AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, Mizuho began coverage on AutoZone in a research report on Tuesday, March 19th. They set a “buy” rating and a $3,450.00 target price on the stock. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and an average price target of $3,086.61.

AutoZone Stock Performance

NYSE:AZO traded up $27.99 during trading on Wednesday, reaching $2,938.26. The company’s stock had a trading volume of 118,967 shares, compared to its average volume of 156,269. The firm has a market cap of $50.89 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 1.44 and a beta of 0.70. The firm has a 50 day moving average of $2,992.30 and a 200-day moving average of $2,751.32. AutoZone, Inc. has a 12 month low of $2,277.88 and a 12 month high of $3,256.37.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $26.08 by $2.81. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.32 billion. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $24.64 EPS. Equities research analysts forecast that AutoZone, Inc. will post 151.98 earnings per share for the current fiscal year.

Insider Transactions at AutoZone

In other news, Chairman William C. Rhodes III sold 6,700 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the completion of the transaction, the chairman now owns 15,357 shares in the company, valued at approximately $48,992,208.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman William C. Rhodes III sold 6,700 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the completion of the transaction, the chairman now owns 15,357 shares in the company, valued at approximately $48,992,208.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP K. Michelle Borninkhof sold 1,900 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $2,735.00, for a total value of $5,196,500.00. Following the transaction, the senior vice president now owns 521 shares of the company’s stock, valued at approximately $1,424,935. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,890 shares of company stock worth $55,531,693. 2.50% of the stock is owned by company insiders.

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.