Gulf International Bank UK Ltd Has $4.15 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Gulf International Bank UK Ltd cut its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,316 shares of the company’s stock after selling 62 shares during the period. Gulf International Bank UK Ltd’s holdings in AutoZone were worth $4,145,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its position in AutoZone by 50.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after purchasing an additional 5 shares during the period. Carolina Wealth Advisors LLC bought a new stake in shares of AutoZone in the 3rd quarter valued at about $47,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of AutoZone in the 2nd quarter valued at about $50,000. ORG Partners LLC bought a new stake in shares of AutoZone in the 2nd quarter valued at about $50,000. Finally, UMB Bank n.a. increased its stake in shares of AutoZone by 33.3% in the 2nd quarter. UMB Bank n.a. now owns 28 shares of the company’s stock valued at $83,000 after acquiring an additional 7 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman William C. Rhodes III sold 13,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the completion of the sale, the chairman now owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the completion of the sale, the vice president now owns 1,218 shares of the company’s stock, valued at $3,785,166.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman William C. Rhodes III sold 13,000 shares of the firm’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 directly owns 13,857 shares of the company’s stock, valued at $43,055,777.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,880 shares of company stock valued at $46,225,660. 2.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AZO shares. Roth Mkm reaffirmed a “buy” rating and issued a $3,634.00 price target on shares of AutoZone in a research note on Wednesday, October 16th. DA Davidson reaffirmed a “neutral” rating and issued a $3,025.00 price target on shares of AutoZone in a research note on Monday, September 30th. Guggenheim upped their price target on AutoZone from $3,225.00 to $3,350.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. UBS Group increased their target price on AutoZone from $3,340.00 to $3,500.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, Redburn Atlantic raised AutoZone to a “strong-buy” rating in a research note on Tuesday, October 1st. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and a consensus target price of $3,202.71.

AutoZone Stock Up 0.4 %

Shares of AZO opened at $3,059.83 on Wednesday. The stock has a market capitalization of $51.71 billion, a P/E ratio of 20.44, a P/E/G ratio of 1.51 and a beta of 0.71. 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 $3,114.41 and a 200-day moving average of $3,014.48.

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

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.