Hudson Valley Investment Advisors Inc. ADV Acquires 718 Shares of AutoZone, Inc. (NYSE:AZO)

Hudson Valley Investment Advisors Inc. ADV increased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 36.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,705 shares of the company’s stock after acquiring an additional 718 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in AutoZone were worth $8,527,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of AZO. International Assets Investment Management LLC increased its position in AutoZone by 354,692.5% during the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock worth $31,293,100,000 after acquiring an additional 993,139 shares during the period. PineStone Asset Management Inc. increased its holdings in AutoZone by 137.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock valued at $918,998,000 after buying an additional 179,543 shares during the period. Strategic Financial Concepts LLC bought a new position in AutoZone in the 2nd quarter valued at about $424,000. Captrust Financial Advisors increased its holdings in AutoZone by 564.2% in the 1st quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock valued at $479,338,000 after buying an additional 129,193 shares during the period. Finally, Baillie Gifford & Co. increased its holdings in AutoZone by 2,714.8% in the 2nd quarter. Baillie Gifford & Co. now owns 120,194 shares of the company’s stock valued at $356,267,000 after buying an additional 115,924 shares during the period. 92.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

AZO has been the topic of several recent analyst reports. Truist Financial raised their target price on shares of AutoZone from $3,341.00 to $3,501.00 and gave the company a “buy” rating in a report on Monday, October 14th. Wedbush restated an “outperform” rating and issued a $3,200.00 price target on shares of AutoZone in a research note on Thursday, September 19th. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 15th. Evercore ISI raised their price target on shares of AutoZone from $3,300.00 to $3,350.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, BNP Paribas upgraded shares of AutoZone to a “strong-buy” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3,202.71.

Insider Transactions at AutoZone

In other news, VP John Scott Murphy sold 1,580 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 1,218 shares of the company’s stock, valued at approximately $3,785,166.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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 sale, the chairman now directly 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 through the SEC website. Also, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $3,785,166.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,880 shares of company stock valued at $46,225,660. 2.50% of the stock is currently owned by corporate insiders.

AutoZone Stock Down 1.4 %

Shares of NYSE:AZO opened at $3,017.98 on Thursday. The firm has a market capitalization of $51.56 billion, a PE ratio of 20.16, a P/E/G ratio of 1.59 and a beta of 0.70. AutoZone, Inc. has a twelve month low of $2,463.45 and a twelve month high of $3,256.37. The company has a 50-day moving average price of $3,125.36 and a two-hundred day moving average price of $3,011.68.

AutoZone (NYSE:AZO) last announced its quarterly 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 negative return on equity of 52.99% and a net margin of 14.40%. The firm had revenue of $6.21 billion during the quarter, compared to analysts’ expectations of $6.25 billion. During the same period in the previous year, the company posted $46.46 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Analysts anticipate 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.