Natixis Advisors LLC Has $50.79 Million Position in AutoZone, Inc. (NYSE:AZO)

Natixis Advisors LLC grew its holdings in AutoZone, Inc. (NYSE:AZO) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,122 shares of the company’s stock after buying an additional 699 shares during the quarter. Natixis Advisors LLC owned approximately 0.10% of AutoZone worth $50,785,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AZO. Capital Performance Advisors LLP bought a new position in shares of AutoZone in the third quarter worth about $36,000. Meeder Asset Management Inc. lifted its holdings in AutoZone by 50.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock worth $44,000 after buying an additional 5 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in AutoZone in the 3rd quarter valued at $47,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of AutoZone in the 2nd quarter valued at $50,000. Finally, ORG Partners LLC acquired a new position in shares of AutoZone during the second quarter valued at $50,000. 92.74% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Chairman William C. Rhodes III sold 13,000 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the sale, the chairman now owns 13,857 shares of the company’s stock, valued at $43,055,777.55. The trade was a 48.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the completion of the transaction, the vice president now directly owns 1,218 shares of the company’s stock, valued at approximately $3,785,166.42. This trade represents a 56.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,880 shares of company stock worth $46,225,660. 2.10% of the stock is owned by corporate insiders.

AutoZone Stock Down 0.9 %

AutoZone stock opened at $3,107.53 on Friday. AutoZone, Inc. has a twelve month low of $2,510.00 and a twelve month high of $3,256.37. The company has a 50 day moving average of $3,112.88 and a 200-day moving average of $3,024.56. The stock has a market capitalization of $52.52 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.60 and a beta of 0.71.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The firm had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter last year, the company posted $46.46 EPS. AutoZone’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts anticipate that AutoZone, Inc. will post 158.09 EPS for the current fiscal year.

Analyst Ratings Changes

AZO has been the subject of several recent research reports. Truist Financial boosted their price objective on AutoZone from $3,341.00 to $3,501.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Wedbush reissued an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a research note on Thursday, September 19th. Roth Mkm reaffirmed a “buy” rating and issued a $3,634.00 price objective on shares of AutoZone in a research note on Wednesday, October 16th. DA Davidson reiterated a “neutral” rating and set a $3,025.00 target price on shares of AutoZone in a research report on Monday, September 30th. Finally, UBS Group increased their price target on AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, AutoZone presently has an average rating of “Moderate Buy” and an average target price of $3,202.71.

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.