Atria Wealth Solutions Inc. Sells 82 Shares of AutoZone, Inc. (NYSE:AZO)

Atria Wealth Solutions Inc. reduced its stake in AutoZone, Inc. (NYSE:AZO) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 834 shares of the company’s stock after selling 82 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in AutoZone were worth $2,157,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. LGT Capital Partners LTD. boosted its position in shares of AutoZone by 32.2% during the fourth quarter. LGT Capital Partners LTD. now owns 27,250 shares of the company’s stock worth $70,458,000 after buying an additional 6,630 shares during the period. Handelsbanken Fonder AB boosted its position in AutoZone by 8.1% during the 4th quarter. Handelsbanken Fonder AB now owns 7,544 shares of the company’s stock worth $19,506,000 after acquiring an additional 566 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its stake in shares of AutoZone by 17.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 1,701 shares of the company’s stock worth $4,398,000 after acquiring an additional 255 shares in the last quarter. Graypoint LLC grew its stake in shares of AutoZone by 8.3% during the 4th quarter. Graypoint LLC now owns 143 shares of the company’s stock worth $370,000 after acquiring an additional 11 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in shares of AutoZone by 27.0% in the fourth quarter. Wedge Capital Management L L P NC now owns 17,100 shares of the company’s stock valued at $44,214,000 after purchasing an additional 3,636 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AZO has been the subject of a number of analyst reports. UBS Group raised their target price on shares of AutoZone from $3,100.00 to $3,425.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Mizuho began coverage on AutoZone in a research report on Tuesday, March 19th. They set a “buy” rating and a $3,450.00 price target for the company. Morgan Stanley boosted their price target on AutoZone from $2,900.00 to $3,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Finally, Barclays increased their price objective on AutoZone from $2,779.00 to $3,100.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Five equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3,086.61.

Insider Activity at AutoZone

In other AutoZone news, VP Eric S. Gould sold 2,100 shares of AutoZone stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the completion of the transaction, the vice president now directly owns 910 shares of the company’s stock, valued at approximately $2,912,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Eric S. Gould sold 2,100 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total transaction of $6,720,000.00. Following the completion of the sale, the vice president now owns 910 shares of the company’s stock, valued at approximately $2,912,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Philip B. Daniele sold 4,190 shares of AutoZone stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 900 shares in the company, valued at approximately $2,845,512. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,990 shares of company stock worth $50,335,193. Company insiders own 2.50% of the company’s stock.

AutoZone Stock Performance

AZO opened at $2,998.78 on Tuesday. The stock has a fifty day moving average of $3,034.46 and a 200-day moving average of $2,778.53. The company has a market capitalization of $51.94 billion, a P/E ratio of 21.12, a P/E/G ratio of 1.46 and a beta of 0.70. AutoZone, Inc. has a fifty-two week low of $2,277.88 and a fifty-two week high of $3,256.37.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 earnings per share 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 business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.32 billion. During the same quarter in the previous year, the company earned $24.64 EPS. The business’s revenue was up 4.6% on a year-over-year basis. On average, equities research analysts predict that AutoZone, Inc. will post 152.4 earnings per share for the current fiscal year.

About AutoZone

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.