Lawson Kroeker Investment Management Inc. NE Has $18.36 Million Stake in AutoZone, Inc. (NYSE:AZO)

Lawson Kroeker Investment Management Inc. NE cut its holdings in AutoZone, Inc. (NYSE:AZO) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,735 shares of the company’s stock after selling 32 shares during the period. AutoZone makes up approximately 3.5% of Lawson Kroeker Investment Management Inc. NE’s portfolio, making the stock its 6th biggest position. Lawson Kroeker Investment Management Inc. NE’s holdings in AutoZone were worth $18,363,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in AZO. NewEdge Advisors LLC increased its position in AutoZone by 42.7% in the 2nd quarter. NewEdge Advisors LLC now owns 896 shares of the company’s stock valued at $2,657,000 after buying an additional 268 shares in the last quarter. Sunbelt Securities Inc. increased its position in AutoZone by 34.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 106 shares of the company’s stock valued at $314,000 after buying an additional 27 shares in the last quarter. Regal Investment Advisors LLC increased its position in AutoZone by 39.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 248 shares of the company’s stock valued at $735,000 after buying an additional 70 shares in the last quarter. 3Chopt Investment Partners LLC bought a new stake in AutoZone in the 2nd quarter valued at about $362,000. Finally, Sanctuary Advisors LLC bought a new stake in AutoZone in the 2nd quarter valued at about $2,249,000. 92.74% of the stock is owned by institutional investors.

AutoZone Trading Down 0.1 %

NYSE:AZO opened at $3,315.50 on Thursday. The stock has a market capitalization of $55.63 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71. The firm’s 50 day moving average is $3,247.14 and its 200 day moving average is $3,159.59. AutoZone, Inc. has a 12 month low of $2,672.31 and a 12 month high of $3,437.63.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the firm earned $32.55 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. Research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AZO. Citigroup lifted their price target on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. TD Cowen lifted their price target on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Truist Financial lifted their price target on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. BMO Capital Markets began coverage on AutoZone in a research note on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target for the company. Finally, Evercore ISI lifted their price target on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $3,429.84.

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.