Fort Washington Investment Advisors Inc. OH Sells 18 Shares of AutoZone, Inc. (NYSE:AZO)

Fort Washington Investment Advisors Inc. OH lowered its position in AutoZone, Inc. (NYSE:AZO) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117 shares of the company’s stock after selling 18 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in AutoZone were worth $375,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AZO. Thrivent Financial for Lutherans increased its holdings in shares of AutoZone by 5.1% in the second quarter. Thrivent Financial for Lutherans now owns 1,248 shares of the company’s stock valued at $3,699,000 after purchasing an additional 61 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of AutoZone by 67.0% in the second quarter. Public Sector Pension Investment Board now owns 643 shares of the company’s stock valued at $1,906,000 after purchasing an additional 258 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of AutoZone by 7.3% in the second quarter. Evergreen Capital Management LLC now owns 118 shares of the company’s stock valued at $350,000 after purchasing an additional 8 shares in the last quarter. Fred Alger Management LLC increased its holdings in shares of AutoZone by 10.0% in the second quarter. Fred Alger Management LLC now owns 1,283 shares of the company’s stock valued at $3,803,000 after purchasing an additional 117 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of AutoZone by 1.4% in the second quarter. AQR Capital Management LLC now owns 41,355 shares of the company’s stock valued at $121,932,000 after purchasing an additional 554 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Truist Financial raised their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Evercore ISI raised their price target on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. The Goldman Sachs Group lowered shares of AutoZone from a “buy” rating to a “sell” rating and lowered their target price for the stock from $3,205.00 to $2,917.00 in a report on Monday, October 14th. Wells Fargo & Company lifted their target price on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Citigroup lifted their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Trading Up 1.4 %

Shares of NYSE AZO opened at $3,371.06 on Friday. The firm has a market cap of $56.57 billion, a PE ratio of 22.52, a PEG ratio of 1.82 and a beta of 0.71. AutoZone, Inc. has a 1-year low of $2,672.31 and a 1-year high of $3,416.71. The company has a fifty day moving average price of $3,229.64 and a 200 day moving average price of $3,144.01.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. AutoZone’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $32.55 earnings per share. Equities research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

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.