300 Shares in AutoZone, Inc. (NYSE:AZO) Purchased by PDT Partners LLC

PDT Partners LLC bought a new position in shares of AutoZone, Inc. (NYSE:AZO) during the 3rd quarter, Holdings Channel reports. The firm bought 300 shares of the company’s stock, valued at approximately $945,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Verition Fund Management LLC grew its holdings in AutoZone by 270.5% during the 3rd quarter. Verition Fund Management LLC now owns 1,971 shares of the company’s stock worth $6,209,000 after acquiring an additional 1,439 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in shares of AutoZone by 6.2% during the third quarter. Atlantic Union Bankshares Corp now owns 1,239 shares of the company’s stock valued at $3,903,000 after purchasing an additional 72 shares during the last quarter. Capstone Investment Advisors LLC increased its holdings in shares of AutoZone by 12.0% in the third quarter. Capstone Investment Advisors LLC now owns 336 shares of the company’s stock valued at $1,058,000 after purchasing an additional 36 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in AutoZone by 98.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 35,269 shares of the company’s stock worth $111,101,000 after purchasing an additional 17,482 shares during the last quarter. Finally, Isthmus Partners LLC acquired a new position in AutoZone during the 3rd quarter worth $15,394,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Price Performance

AZO opened at $3,169.54 on Monday. The company has a market capitalization of $53.58 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 1.60 and a beta of 0.71. The business’s 50-day moving average price is $3,121.25 and its two-hundred day moving average price is $3,037.24. AutoZone, Inc. has a 1 year low of $2,510.00 and a 1 year high of $3,256.37.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The firm had revenue of $6.21 billion during the quarter, compared to analyst estimates of $6.25 billion. During the same period in the prior year, the business posted $46.46 EPS. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side analysts anticipate that AutoZone, Inc. will post 158.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on AZO. Citigroup lowered 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. StockNews.com cut AutoZone from a “buy” rating to a “hold” rating in a report on Saturday, September 21st. UBS Group raised 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. Morgan Stanley boosted their price target on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, Guggenheim raised their price objective on shares of AutoZone from $3,225.00 to $3,350.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3,202.71.

Insider Buying and Selling at AutoZone

In other news, Chairman William C. Rhodes III sold 300 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total value of $922,560.00. Following the completion of the sale, the chairman now owns 13,857 shares of the company’s stock, valued at approximately $42,613,046.40. This represents a 2.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 transaction of $4,910,150.20. Following the sale, the vice president now directly owns 1,218 shares in the company, valued at $3,785,166.42. This trade represents a 56.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,880 shares of company stock worth $46,225,660. Insiders own 2.10% of the company’s stock.

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.