Gotham Asset Management LLC Has $26.11 Million Position in AutoZone, Inc. (AZO)
Gotham Asset Management LLC decreased its holdings in AutoZone, Inc. (NYSE:AZO) by 22.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,147 shares of the company’s stock after selling 9,187 shares during the quarter. Gotham Asset Management LLC’s holdings in AutoZone were worth $26,112,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Berman Capital Advisors LLC bought a new stake in shares of AutoZone in the fourth quarter worth $26,000. Penserra Capital Management LLC bought a new stake in shares of AutoZone in the fourth quarter worth $30,000. Lindbrook Capital LLC bought a new stake in shares of AutoZone in the fourth quarter worth $35,000. CX Institutional bought a new stake in shares of AutoZone in the fourth quarter worth $71,000. Finally, Semmax Financial Advisors Inc. bought a new stake in shares of AutoZone in the fourth quarter worth $75,000. 92.82% of the stock is currently owned by institutional investors.
Several analysts recently weighed in on AZO shares. ValuEngine cut shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. Zacks Investment Research raised shares of AutoZone from a “hold” rating to a “buy” rating and set a $976.00 price objective on the stock in a research note on Monday, December 17th. Barclays reissued an “overweight” rating and issued a $1,050.00 price objective (up previously from $950.00) on shares of AutoZone in a research note on Wednesday, February 27th. Morgan Stanley upped their price target on shares of AutoZone from $800.00 to $870.00 in a research report on Thursday, December 27th. Finally, Deutsche Bank upped their price target on shares of AutoZone from $960.00 to $1,035.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $922.20.
AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, February 26th. The company reported $11.49 EPS for the quarter, beating the Zacks’ consensus estimate of $9.98 by $1.51. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.45 billion. AutoZone had a net margin of 12.49% and a negative return on equity of 98.24%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.47 earnings per share. On average, equities research analysts expect that AutoZone, Inc. will post 61.44 EPS for the current fiscal year.
In other news, insider Philip B. Daniele sold 740 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $920.00, for a total transaction of $680,800.00. Following the transaction, the insider now owns 1,105 shares of the company’s stock, valued at approximately $1,016,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Albert Saltiel sold 2,150 shares of the stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $912.11, for a total transaction of $1,961,036.50. Following the transaction, the vice president now directly owns 2,308 shares in the company, valued at approximately $2,105,149.88. The disclosure for this sale can be found here. Insiders have sold 4,390 shares of company stock worth $3,901,837 in the last ninety days. Insiders own 2.80% of the company’s stock.
AutoZone Company Profile
AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.
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