OLD National Bancorp IN decreased its stake in shares of AutoZone, Inc. (NYSE:AZO – Free Report) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 913 shares of the company’s stock after selling 55 shares during the quarter. OLD National Bancorp IN’s holdings in AutoZone were worth $2,361,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of AZO. Rock Creek Group LP bought a new position in shares of AutoZone during the third quarter worth $25,000. ORG Partners LLC purchased a new stake in AutoZone during the third quarter valued at $43,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in AutoZone during the third quarter valued at $51,000. Turtle Creek Wealth Advisors LLC purchased a new stake in AutoZone during the fourth quarter valued at $54,000. Finally, Steward Financial Group LLC raised its stake in AutoZone by 66.7% during the third quarter. Steward Financial Group LLC now owns 25 shares of the company’s stock valued at $63,000 after purchasing an additional 10 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.
Insiders Place Their Bets
In other AutoZone news, VP Richard Craig Smith sold 3,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $2,997.76, for a total transaction of $8,993,280.00. Following the transaction, the vice president now directly owns 2,921 shares in the company, valued at approximately $8,756,456.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Philip B. Daniele sold 4,190 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $3,161.68, for a total value of $13,247,439.20. Following the sale, the chief executive officer now directly owns 900 shares in the company, valued at approximately $2,845,512. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard Craig Smith sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $2,997.76, for a total transaction of $8,993,280.00. Following the completion of the sale, the vice president now owns 2,921 shares in the company, valued at $8,756,456.96. The disclosure for this sale can be found here. Insiders have sold a total of 15,990 shares of company stock worth $50,335,193 in the last three months. Corporate insiders own 2.50% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on AZO
AutoZone Trading Down 0.7 %
NYSE AZO opened at $2,963.27 on Tuesday. The company’s 50-day moving average price is $3,010.24 and its 200-day moving average price is $2,764.30. The stock has a market cap of $51.32 billion, a PE ratio of 20.87, a PEG ratio of 1.48 and a beta of 0.70. AutoZone, Inc. has a 12 month low of $2,277.88 and a 12 month high of $3,256.37.
AutoZone (NYSE:AZO – Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $26.08 by $2.81. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the prior year, the business earned $24.64 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, sell-side analysts forecast that AutoZone, Inc. will post 152.4 earnings per share for the current year.
AutoZone Company 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.
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