Boston Trust Walden Corp Sells 589 Shares of AutoZone, Inc. (NYSE:AZO)

Boston Trust Walden Corp decreased its position in AutoZone, Inc. (NYSE:AZO) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,091 shares of the company’s stock after selling 589 shares during the quarter. Boston Trust Walden Corp owned approximately 0.17% of AutoZone worth $91,638,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. raised its holdings in AutoZone by 50.0% in the 2nd 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 period. Carolina Wealth Advisors LLC bought a new position in shares of AutoZone in the third quarter worth about $47,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of AutoZone during the 2nd quarter worth about $50,000. ORG Partners LLC bought a new stake in AutoZone during the 2nd quarter valued at approximately $50,000. Finally, UMB Bank n.a. grew its holdings in 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 buying an additional 7 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AZO has been the subject of a number of research analyst reports. Roth Capital upgraded AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. UBS Group upped their target price on shares of AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Citigroup decreased their price target on shares of AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. The Goldman Sachs Group lowered shares of 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. Finally, Truist Financial lifted their target price on AutoZone from $3,341.00 to $3,501.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $3,202.71.

Insider Activity

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 transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman William C. Rhodes III sold 13,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chairman now owns 13,857 shares of the company’s stock, valued at $43,055,777.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John Scott Murphy sold 1,580 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was 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 directly owns 1,218 shares in the company, valued at approximately $3,785,166.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,880 shares of company stock worth $46,225,660. 2.50% of the stock is owned by corporate insiders.

AutoZone Stock Performance

AutoZone stock traded down $22.29 during trading hours on Friday, hitting $3,130.96. 85,433 shares of the stock were exchanged, compared to its average volume of 139,152. The stock has a market capitalization of $53.49 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.59 and a beta of 0.70. The business’s 50-day moving average is $3,132.96 and its two-hundred day moving average is $3,010.58. AutoZone, Inc. has a 12 month low of $2,425.00 and a 12 month high of $3,256.37.

AutoZone (NYSE:AZO) last released its quarterly 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). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The business had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter last year, the company earned $46.46 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts predict that AutoZone, Inc. will post 157.99 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.