AutoZone, Inc. (NYSE:AZO) is RBA Wealth Management LLC’s 5th Largest Position

RBA Wealth Management LLC lessened its holdings in AutoZone, Inc. (NYSE:AZO) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,397 shares of the company’s stock after selling 7 shares during the period. AutoZone makes up approximately 2.9% of RBA Wealth Management LLC’s portfolio, making the stock its 5th largest position. RBA Wealth Management LLC’s holdings in AutoZone were worth $7,551,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its stake in shares of AutoZone by 35.3% during the first quarter. SG Americas Securities LLC now owns 3,534 shares of the company’s stock worth $11,138,000 after acquiring an additional 922 shares during the period. Sei Investments Co. boosted its holdings in AutoZone by 60.7% during the first quarter. Sei Investments Co. now owns 22,315 shares of the company’s stock worth $70,326,000 after buying an additional 8,427 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of AutoZone by 12.9% in the first quarter. Oppenheimer & Co. Inc. now owns 3,509 shares of the company’s stock valued at $11,059,000 after purchasing an additional 401 shares in the last quarter. Peak Financial Advisors LLC purchased a new stake in shares of AutoZone in the second quarter valued at about $2,816,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of AutoZone by 7.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,823 shares of the company’s stock valued at $18,352,000 after purchasing an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other news, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the completion of the sale, the vice president now directly owns 1,218 shares in the company, valued at approximately $3,785,166.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP John Scott Murphy sold 1,580 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the transaction, the vice president now owns 1,218 shares in the company, valued at $3,785,166.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman William C. Rhodes III sold 300 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the transaction, the chairman now owns 13,857 shares in the company, valued at $42,613,046.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,880 shares of company stock worth $46,225,660 over the last three months. 2.50% of the stock is owned by insiders.

AutoZone Price Performance

Shares of AutoZone stock traded down $34.47 during trading on Tuesday, reaching $3,184.01. 52,704 shares of the company traded hands, compared to its average volume of 139,445. The company has a 50 day moving average price of $3,134.48 and a 200-day moving average price of $3,007.29. AutoZone, Inc. has a 1-year low of $2,375.35 and a 1-year high of $3,256.37. The firm has a market capitalization of $54.39 billion, a PE ratio of 22.02, a P/E/G ratio of 1.59 and a beta of 0.70.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing the consensus estimate of $53.31 by ($5.20). The company had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $6.25 billion. AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. AutoZone’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $46.46 EPS. Equities research analysts expect that AutoZone, Inc. will post 157.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AZO shares. StockNews.com lowered shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday, September 21st. Guggenheim increased their price target on AutoZone from $3,225.00 to $3,350.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. The Goldman Sachs Group lowered AutoZone from a “buy” rating to a “sell” rating and cut their price objective for the company from $3,205.00 to $2,917.00 in a research report on Monday, October 14th. Roth Mkm reaffirmed a “buy” rating and set a $3,634.00 target price on shares of AutoZone in a research report on Wednesday, October 16th. Finally, DA Davidson reiterated a “neutral” rating and issued a $3,025.00 price target on shares of AutoZone in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $3,202.71.

AutoZone 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.