Kentucky Retirement Systems Insurance Trust Fund Has $1.18 Million Stake in AutoZone, Inc. (NYSE:AZO)

Kentucky Retirement Systems Insurance Trust Fund increased its stake in shares of AutoZone, Inc. (NYSE:AZOGet Rating) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 561 shares of the company’s stock after acquiring an additional 19 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in AutoZone were worth $1,176,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Kentucky Retirement Systems increased its stake in AutoZone by 5.5% in the 4th quarter. Kentucky Retirement Systems now owns 1,280 shares of the company’s stock valued at $2,683,000 after buying an additional 67 shares during the last quarter. Toronto Dominion Bank increased its stake in AutoZone by 0.5% in the 4th quarter. Toronto Dominion Bank now owns 12,711 shares of the company’s stock valued at $26,646,000 after buying an additional 61 shares during the last quarter. Brooks Moore & Associates Inc. acquired a new stake in AutoZone in the 4th quarter valued at $210,000. Empirical Finance LLC increased its stake in AutoZone by 31.8% in the 4th quarter. Empirical Finance LLC now owns 381 shares of the company’s stock valued at $799,000 after buying an additional 92 shares during the last quarter. Finally, IndexIQ Advisors LLC increased its stake in AutoZone by 2.6% in the 4th quarter. IndexIQ Advisors LLC now owns 2,081 shares of the company’s stock valued at $4,363,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

Shares of NYSE:AZO traded up $10.05 during midday trading on Monday, hitting $2,174.65. The stock had a trading volume of 139,482 shares, compared to its average volume of 186,671. The company’s 50-day moving average price is $1,971.06 and its 200-day moving average price is $1,928.77. The company has a market capitalization of $43.16 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 1.72 and a beta of 0.92. AutoZone, Inc. has a fifty-two week low of $1,367.96 and a fifty-two week high of $2,221.56.

AutoZone (NYSE:AZOGet Rating) last released its quarterly earnings data on Tuesday, March 1st. The company reported $22.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $17.79 by $4.51. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.16 billion. AutoZone had a net margin of 15.44% and a negative return on equity of 109.21%. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $14.93 EPS. As a group, equities research analysts expect that AutoZone, Inc. will post 111.68 earnings per share for the current fiscal year.

In other AutoZone news, EVP Philip B. Daniele sold 100 shares of the company’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Philip B. Daniele sold 200 shares of the company’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $1,950.00, for a total transaction of $390,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,182 shares of company stock valued at $12,816,334. Corporate insiders own 2.60% of the company’s stock.

AZO has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of AutoZone in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Wells Fargo & Company boosted their price objective on shares of AutoZone from $2,200.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 5th. Argus upgraded shares of AutoZone from a “hold” rating to a “buy” rating and set a $2,210.00 price objective on the stock in a research note on Tuesday, March 29th. 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 note on Wednesday, March 2nd. Finally, DA Davidson boosted their price objective on shares of AutoZone from $1,980.00 to $2,100.00 in a research note on Thursday, December 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $2,057.21.

AutoZone Company Profile (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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