Tompkins Financial Corp Lowers Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Tompkins Financial Corp reduced its position in AutoZone, Inc. (NYSE:AZO) by 5.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169 shares of the company’s stock after selling 10 shares during the quarter. Tompkins Financial Corp’s holdings in AutoZone were worth $421,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its stake in shares of AutoZone by 2.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 947 shares of the company’s stock valued at $2,328,000 after purchasing an additional 25 shares in the last quarter. Shelton Capital Management lifted its stake in shares of AutoZone by 860.0% in the 4th quarter. Shelton Capital Management now owns 1,200 shares of the company’s stock valued at $2,959,000 after acquiring an additional 1,075 shares during the last quarter. Mirova grew its position in AutoZone by 25.8% during the 4th quarter. Mirova now owns 278 shares of the company’s stock worth $686,000 after acquiring an additional 57 shares during the last quarter. Aviva PLC lifted its position in AutoZone by 27.3% in the fourth quarter. Aviva PLC now owns 15,314 shares of the company’s stock valued at $22,008,000 after purchasing an additional 3,288 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of AutoZone by 109.0% in the fourth quarter. Point72 Asset Management L.P. now owns 38,783 shares of the company’s stock worth $95,646,000 after purchasing an additional 20,230 shares during the last quarter. 90.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AutoZone

In other news, VP Albert Saltiel sold 2,245 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $2,500.00, for a total value of $5,612,500.00. Following the completion of the transaction, the vice president now owns 535 shares in the company, valued at $1,337,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Albert Saltiel sold 2,245 shares of the stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $2,500.00, for a total transaction of $5,612,500.00. Following the transaction, the vice president now owns 535 shares in the company, valued at $1,337,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Charles Pleas III sold 4,200 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $2,546.55, for a total transaction of $10,695,510.00. Following the completion of the sale, the vice president now owns 3,425 shares in the company, valued at approximately $8,721,933.75. The disclosure for this sale can be found here. Company insiders own 2.59% of the company’s stock.

AutoZone Stock Performance

Shares of AZO traded down $4.72 during trading hours on Tuesday, hitting $2,517.38. The company had a trading volume of 102,656 shares, compared to its average volume of 159,626. The stock has a market capitalization of $45.72 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 1.41 and a beta of 0.66. The firm has a fifty day moving average price of $2,505.11 and a 200-day moving average price of $2,510.10. AutoZone, Inc. has a 52-week low of $2,050.21 and a 52-week high of $2,750.00.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, September 19th. The company reported $46.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $44.69 by $1.77. AutoZone had a net margin of 14.45% and a negative return on equity of 62.38%. The firm had revenue of $5.69 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the prior year, the firm posted $40.51 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. Research analysts anticipate that AutoZone, Inc. will post 130.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AZO has been the subject of several analyst reports. Truist Financial increased their price target on shares of AutoZone from $2,878.00 to $2,886.00 in a research report on Wednesday, May 24th. StockNews.com initiated coverage on AutoZone in a report on Thursday, August 17th. They set a “buy” rating on the stock. Citigroup dropped their price objective on AutoZone from $3,125.00 to $3,020.00 in a report on Tuesday, May 30th. Northcoast Research assumed coverage on AutoZone in a research note on Wednesday, June 28th. They set a “neutral” rating on the stock. Finally, The Goldman Sachs Group dropped their price target on AutoZone from $2,899.00 to $2,840.00 in a research note on Tuesday, May 23rd. Two investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,714.42.

AutoZone Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs.