AutoZone, Inc. (NYSE:AZO) Position Decreased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 3.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 121,514 shares of the company’s stock after selling 3,933 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in AutoZone were worth $382,774,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in AutoZone during the third quarter valued at about $36,000. Meeder Asset Management Inc. lifted its stake in AutoZone by 50.0% during the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after buying an additional 5 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in AutoZone during the third quarter valued at about $47,000. Darwin Wealth Management LLC purchased a new stake in AutoZone during the third quarter valued at about $47,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in AutoZone during the second quarter valued at about $50,000. Institutional investors own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

AZO has been the subject of a number of analyst reports. Mizuho upped their price objective on shares of AutoZone from $3,280.00 to $3,350.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. DA Davidson reissued a “neutral” rating and issued a $3,025.00 price target on shares of AutoZone in a research report on Monday, September 30th. Truist Financial increased their price target on shares of AutoZone from $3,341.00 to $3,501.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Roth Capital raised shares of AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley increased their price target on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,202.71.

Insider Transactions at AutoZone

In related news, VP John Scott Murphy sold 1,580 shares of the company’s stock in a transaction on 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 completion of the transaction, the vice president now directly owns 1,218 shares in the company, valued at $3,785,166.42. This represents a 56.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman William C. Rhodes III sold 300 shares of the company’s stock in a transaction on 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 owns 13,857 shares of the company’s stock, valued at approximately $42,613,046.40. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,880 shares of company stock worth $46,225,660. 2.10% of the stock is owned by insiders.

AutoZone Trading Up 1.5 %

Shares of AutoZone stock opened at $3,190.10 on Friday. The firm has a fifty day simple moving average of $3,118.05 and a 200-day simple moving average of $3,034.04. AutoZone, Inc. has a 1-year low of $2,510.00 and a 1-year high of $3,256.37. The stock has a market capitalization of $53.93 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 1.57 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The firm had revenue of $6.21 billion during the quarter, compared to analyst estimates of $6.25 billion. During the same quarter in the previous year, the firm posted $46.46 earnings per share. AutoZone’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, research analysts predict that AutoZone, Inc. will post 158.09 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.