TD Waterhouse Canada Inc. Reduces Stock Holdings in AutoZone, Inc. (NYSE:AZO)

TD Waterhouse Canada Inc. reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,209 shares of the company’s stock after selling 28 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in AutoZone were worth $3,873,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of AutoZone by 9,014.3% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 638 shares of the company’s stock valued at $2,045,000 after buying an additional 631 shares during the period. Natixis purchased a new position in shares of AutoZone during the 4th quarter worth approximately $285,000. Norinchukin Bank The raised its position in shares of AutoZone by 8.5% in the 4th quarter. Norinchukin Bank The now owns 778 shares of the company’s stock worth $2,491,000 after acquiring an additional 61 shares in the last quarter. Ossiam lifted its stake in shares of AutoZone by 536.8% in the 4th quarter. Ossiam now owns 2,719 shares of the company’s stock valued at $8,706,000 after purchasing an additional 2,292 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of AutoZone during the fourth quarter valued at approximately $4,438,000. 92.74% of the stock is currently owned by institutional investors.

AutoZone Price Performance

NYSE AZO opened at $3,676.16 on Wednesday. The stock has a market capitalization of $61.69 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 1.86 and a beta of 0.54. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81. The business’s fifty day moving average price is $3,580.35 and its 200-day moving average price is $3,349.79.

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

Analysts Set New Price Targets

Several equities analysts have commented on AZO shares. Mizuho raised their price objective on AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Roth Mkm lifted their price target on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Truist Financial upped their price objective on shares of AutoZone from $3,753.00 to $3,841.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. BMO Capital Markets lifted their target price on shares of AutoZone from $3,700.00 to $3,850.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Finally, Evercore ISI upped their price target on AutoZone from $3,525.00 to $3,700.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $3,724.00.

Insider Buying and Selling

In related news, VP Dennis W. Leriche sold 1,575 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the transaction, the vice president now directly owns 417 shares of the company’s stock, valued at approximately $1,501,200. This trade represents a 79.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard Craig Smith sold 2,850 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the sale, the vice president now directly owns 2,924 shares of the company’s stock, valued at $10,555,640. This represents a 49.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,721 shares of company stock valued at $24,609,331. 2.10% of the stock is owned by insiders.

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.