Keybank National Association OH Acquires 5 Shares of AutoZone, Inc. (NYSE:AZO)

Keybank National Association OH boosted its holdings in AutoZone, Inc. (NYSE:AZO) by 1.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 408 shares of the company’s stock after acquiring an additional 5 shares during the quarter. Keybank National Association OH’s holdings in AutoZone were worth $1,306,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Franklin Resources Inc. lifted its position in shares of AutoZone by 18.1% during the 3rd quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock worth $141,717,000 after buying an additional 6,898 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of AutoZone by 186.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock worth $292,544,000 after buying an additional 60,483 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of AutoZone by 29.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock worth $111,455,000 after buying an additional 7,922 shares in the last quarter. Silverleafe Capital Partners LLC lifted its position in shares of AutoZone by 1.0% during the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock worth $8,460,000 after buying an additional 26 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its position in shares of AutoZone by 592.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 9,210 shares of the company’s stock worth $29,012,000 after buying an additional 7,879 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

Analysts Set New Price Targets

AZO has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup raised their price target on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Mizuho raised their price target on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a research note on Wednesday. Truist Financial raised their price target on shares of AutoZone from $3,753.00 to $3,841.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Bank of America raised their price target on shares of AutoZone from $3,600.00 to $3,700.00 and gave the stock a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3,646.62.

AutoZone Price Performance

Shares of NYSE AZO opened at $3,620.28 on Friday. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,636.96. The company’s 50-day moving average is $3,365.96 and its 200 day moving average is $3,229.56. The stock has a market capitalization of $60.76 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Insider Activity at AutoZone

In other AutoZone news, SVP Bailey L. Childress sold 160 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following the sale, the senior vice president now owns 50 shares in the company, valued at approximately $177,500. This represents a 76.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is owned by corporate insiders.

About AutoZone

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.