Sapient Capital LLC Sells 4 Shares of AutoZone, Inc. (NYSE:AZO)

Sapient Capital LLC decreased its holdings in AutoZone, Inc. (NYSE:AZO) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157 shares of the company’s stock after selling 4 shares during the period. Sapient Capital LLC’s holdings in AutoZone were worth $495,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in AutoZone during the first quarter valued at about $32,000. Riverview Trust Co bought a new stake in AutoZone during the first quarter worth approximately $41,000. Meeder Asset Management Inc. increased its stake in AutoZone by 50.0% during the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock worth $44,000 after acquiring an additional 5 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in AutoZone during the second quarter worth approximately $50,000. Finally, ORG Partners LLC bought a new position in shares of AutoZone during the second quarter valued at approximately $50,000. Institutional investors own 92.74% of the company’s stock.

Insider Activity at AutoZone

In related news, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $3,785,166.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman William C. Rhodes III sold 13,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $4,910,150.20. Following the completion of the sale, the vice president now directly owns 1,218 shares of the company’s stock, valued at $3,785,166.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,880 shares of company stock valued at $46,225,660 over the last ninety days. Insiders own 2.50% of the company’s stock.

AutoZone Stock Up 1.0 %

NYSE:AZO opened at $3,160.09 on Tuesday. The company has a fifty day simple moving average of $3,131.44 and a two-hundred day simple moving average of $3,006.84. The company has a market cap of $53.98 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 1.59 and a beta of 0.70. AutoZone, Inc. has a 52 week low of $2,375.35 and a 52 week high of $3,256.37.

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

Analyst Ratings Changes

AZO has been the topic of several research analyst reports. UBS Group increased their price objective 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. Guggenheim increased their price objective 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 decreased their price objective for the company from $3,205.00 to $2,917.00 in a report on Monday. Citigroup reduced their target price on AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Finally, Mizuho increased their price target on AutoZone from $3,280.00 to $3,350.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3,175.75.

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.