O Shaughnessy Asset Management LLC Purchases 759 Shares of AutoZone, Inc. (NYSE:AZO)

O Shaughnessy Asset Management LLC grew its position in AutoZone, Inc. (NYSE:AZOGet Rating) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,153 shares of the company’s stock after acquiring an additional 759 shares during the period. O Shaughnessy Asset Management LLC owned 0.06% of AutoZone worth $25,477,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP bought a new position in shares of AutoZone in the fourth quarter valued at approximately $29,000. CVA Family Office LLC bought a new position in shares of AutoZone in the fourth quarter valued at approximately $31,000. Larson Financial Group LLC raised its stake in shares of AutoZone by 157.1% in the fourth quarter. Larson Financial Group LLC now owns 18 shares of the company’s stock valued at $38,000 after acquiring an additional 11 shares during the last quarter. Rosenberg Matthew Hamilton raised its stake in shares of AutoZone by 280.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 19 shares of the company’s stock valued at $40,000 after acquiring an additional 14 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of AutoZone by 175.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 22 shares of the company’s stock valued at $46,000 after acquiring an additional 14 shares during the last quarter. Institutional investors own 95.97% of the company’s stock.

Several research firms recently weighed in on AZO. StockNews.com began coverage on shares of AutoZone in a research report on Thursday, March 31st. They issued a “buy” rating for the company. JPMorgan Chase & Co. boosted their price objective on shares of AutoZone from $2,175.00 to $2,200.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 2nd. Citigroup boosted their price objective on shares of AutoZone from $2,210.00 to $2,250.00 in a research report on Friday, May 13th. Argus upgraded shares of AutoZone from a “hold” rating to a “buy” rating and set a $2,210.00 price objective for the company in a research report on Tuesday, March 29th. Finally, Zacks Investment Research cut shares of AutoZone from a “strong-buy” rating to a “hold” rating and set a $2,096.00 price objective for the company. in a research report on Tuesday, February 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $2,075.11.

NYSE:AZO traded up $49.77 on Thursday, hitting $1,889.39. 304,250 shares of the company’s stock were exchanged, compared to its average volume of 187,908. The firm has a 50-day moving average price of $2,042.39 and a 200-day moving average price of $1,973.52. AutoZone, Inc. has a 52 week low of $1,367.96 and a 52 week high of $2,267.40. The company has a market cap of $37.50 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.61 and a beta of 0.90.

AutoZone (NYSE:AZOGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The company reported $22.30 EPS for the quarter, topping the consensus estimate of $17.79 by $4.51. AutoZone had a net margin of 15.44% and a negative return on equity of 109.21%. The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the previous year, the firm posted $14.93 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Research analysts anticipate that AutoZone, Inc. will post 111.56 earnings per share for the current year.

In other news, EVP Philip B. Daniele sold 100 shares of the company’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $1,890.00, for a total value of $189,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Preston Frazer sold 1,500 shares of the company’s stock in a transaction dated Wednesday, April 20th. The shares were sold at an average price of $2,220.00, for a total transaction of $3,330,000.00. Following the completion of the sale, the executive vice president now directly owns 783 shares in the company, valued at $1,738,260. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,682 shares of company stock worth $16,146,334. 2.60% of the stock is owned by insiders.

About AutoZone (Get Rating)

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.

See Also

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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