AutoZone, Inc. (AZO) Shares Bought by Amalgamated Bank
Amalgamated Bank grew its holdings in AutoZone, Inc. (NYSE:AZO) by 7.5% in the fourth quarter, HoldingsChannel reports. The firm owned 3,599 shares of the company’s stock after buying an additional 252 shares during the quarter. Amalgamated Bank’s holdings in AutoZone were worth $2,560,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of AutoZone by 27.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,301,355 shares of the company’s stock worth $764,272,000 after buying an additional 282,939 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of AutoZone in the 3rd quarter worth $141,811,000. Ameriprise Financial Inc. boosted its stake in shares of AutoZone by 802.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 236,396 shares of the company’s stock worth $140,681,000 after buying an additional 210,205 shares during the last quarter. Sei Investments Co. boosted its stake in shares of AutoZone by 1,989.1% in the 3rd quarter. Sei Investments Co. now owns 113,625 shares of the company’s stock worth $10,347,000 after buying an additional 108,186 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of AutoZone by 164.2% in the 4th quarter. Wells Fargo & Company MN now owns 114,901 shares of the company’s stock worth $81,738,000 after buying an additional 71,408 shares during the last quarter. 95.03% of the stock is owned by institutional investors and hedge funds.
In other news, insider James C. Griffith sold 3,623 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $698.17, for a total value of $2,529,469.91. Following the transaction, the insider now directly owns 2,016 shares in the company, valued at $1,407,510.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William T. Giles sold 24,200 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $710.79, for a total value of $17,201,118.00. Following the completion of the transaction, the chief financial officer now owns 24,466 shares in the company, valued at $17,390,188.14. The disclosure for this sale can be found here. Insiders sold 96,710 shares of company stock worth $69,098,826 over the last 90 days. Company insiders own 2.60% of the company’s stock.
AutoZone, Inc. (NYSE AZO) opened at $662.86 on Monday. The firm has a market capitalization of $18,130.00, a price-to-earnings ratio of 16.15, a P/E/G ratio of 1.07 and a beta of 0.85. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27. AutoZone, Inc. has a 52-week low of $491.13 and a 52-week high of $797.89.
AutoZone (NYSE:AZO) last released its earnings results on Tuesday, February 27th. The company reported $8.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $8.81 by ($0.34). AutoZone had a net margin of 12.00% and a negative return on equity of 85.64%. The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the firm posted $7.75 earnings per share. AutoZone’s revenue for the quarter was up 5.4% on a year-over-year basis. equities analysts anticipate that AutoZone, Inc. will post 49.24 EPS for the current fiscal year.
Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of October 27, 2016, the Company operated through 6,029 locations in the United States, Puerto Rico, Mexico and Brazil.
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