AutoZone, Inc. $AZO Stock Holdings Lifted by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lifted its holdings in AutoZone, Inc. (NYSE:AZO) by 4.3% during the 3rd quarter, Holdings Channel reports. The fund owned 4,871 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in AutoZone were worth $13,785,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in AutoZone during the 2nd quarter valued at $3,938,566,000. First Manhattan CO. LLC. grew its holdings in shares of AutoZone by 2.7% during the fourth quarter. First Manhattan CO. LLC. now owns 261,314 shares of the company’s stock worth $886,246,000 after purchasing an additional 6,765 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of AutoZone by 247,417.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 249,993 shares of the company’s stock valued at $798,963,000 after buying an additional 249,892 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of AutoZone in the second quarter valued at $572,885,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AutoZone by 11,577.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 141,066 shares of the company’s stock valued at $450,838,000 after buying an additional 139,858 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

AutoZone Price Performance

Shares of NYSE:AZO opened at $2,935.62 on Friday. The stock has a market cap of $47.94 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 1.35 and a beta of 0.40. The company has a 50 day moving average of $2,945.42 and a 200-day moving average of $3,145.03. AutoZone, Inc. has a one year low of $2,730.65 and a one year high of $4,146.42.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, September 22nd. The company reported $56.05 earnings per share for the quarter, beating the consensus estimate of $0.54 by $55.51. AutoZone had a net margin of 12.65% and a negative return on equity of 90.08%. The business had revenue of $6.59 billion for the quarter, compared to analyst estimates of $6.70 billion. During the same period in the prior year, the business posted $48.71 earnings per share. AutoZone’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that AutoZone, Inc. will post 171.50 earnings per share for the current year.

AutoZone declared that its board has authorized a stock repurchase plan on Tuesday, June 16th that authorizes the company to buy back $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 3% of its shares through open market purchases. Share repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at AutoZone

In other news, VP Dennis LeRiche sold 1,455 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $3,100.00, for a total value of $4,510,500.00. Following the transaction, the vice president owned 441 shares of the company’s stock, valued at $1,367,100. This represents a 76.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AZO has been the topic of several research reports. Citigroup reduced their price target on shares of AutoZone from $3,700.00 to $3,450.00 and set a “buy” rating on the stock in a research report on Monday, September 14th. Guggenheim lowered their price objective on shares of AutoZone from $4,000.00 to $3,750.00 and set a “buy” rating for the company in a research report on Wednesday, September 23rd. Oppenheimer set a $3,400.00 target price on shares of AutoZone in a research report on Wednesday, September 23rd. Mizuho decreased their price target on shares of AutoZone from $3,200.00 to $3,000.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 23rd. Finally, UBS Group set a $3,850.00 price target on shares of AutoZone in a report on Wednesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,669.12.

About AutoZone

AutoZone, Inc is a specialty retailer of automotive replacement parts, accessories and maintenance products. The company serves do-it-yourself customers as well as professional automotive repair shops, offering products such as batteries, brakes, filters, engine components, tools, fluids and other vehicle parts.

In addition to its retail stores, AutoZone provides commercial sales and delivery services for professional repair businesses. The company also operates ALLDATA, which offers automotive diagnostic, repair and shop-management software and information services to repair professionals.

Founded in 1979 and headquartered in Memphis, Tennessee, AutoZone operates primarily in the United States, with additional stores and operations in Mexico and Brazil.