Susquehanna Fundamental Investments LLC Purchases New Stake in AutoZone, Inc. (NYSE:AZO)

Susquehanna Fundamental Investments LLC acquired a new position in shares of AutoZone, Inc. (NYSE:AZO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,426 shares of the company’s stock, valued at approximately $4,227,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quent Capital LLC grew its stake in AutoZone by 4.8% in the 1st quarter. Quent Capital LLC now owns 88 shares of the company’s stock valued at $277,000 after buying an additional 4 shares during the last quarter. Mather Group LLC. grew its position in shares of AutoZone by 1.8% in the second quarter. Mather Group LLC. now owns 224 shares of the company’s stock valued at $706,000 after purchasing an additional 4 shares during the last quarter. Conning Inc. increased its stake in shares of AutoZone by 4.3% during the second quarter. Conning Inc. now owns 98 shares of the company’s stock worth $290,000 after purchasing an additional 4 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in AutoZone by 14.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock worth $95,000 after purchasing an additional 4 shares during the last quarter. Finally, Brighton Jones LLC boosted its stake in AutoZone by 4.1% in the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company’s stock valued at $299,000 after purchasing an additional 4 shares during the period. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AutoZone

In related news, VP John Scott Murphy sold 1,580 shares of AutoZone stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the sale, the vice president now directly owns 1,218 shares in the company, valued at $3,785,166.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

AZO has been the subject of several analyst reports. Citigroup dropped their price objective on shares of AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. BNP Paribas upgraded AutoZone to a “strong-buy” rating in a research report on Wednesday, September 25th. Guggenheim boosted their price objective on AutoZone from $3,225.00 to $3,350.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Oppenheimer restated a “market perform” rating and issued a $2,600.00 price target on shares of AutoZone in a research report on Wednesday, June 26th. Finally, Wedbush reiterated an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a report on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3,169.38.

AutoZone Stock Up 0.2 %

Shares of NYSE:AZO opened at $3,196.61 on Monday. The business’s 50 day moving average is $3,121.63 and its 200 day moving average is $3,011.39. AutoZone, Inc. has a 12-month low of $2,375.35 and a 12-month high of $3,256.37. The stock has a market cap of $54.61 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.43 and a beta of 0.71.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $53.31 by ($5.20). AutoZone had a negative return on equity of 54.58% and a net margin of 14.60%. The firm had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter in the previous year, the company earned $46.46 EPS. The business’s revenue was up 9.0% compared to the same quarter last year. As a group, equities research analysts expect that AutoZone, Inc. will post 151.08 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.