Gulf International Bank UK Ltd Has $4.15 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

Gulf International Bank UK Ltd lowered its position in shares of AutoZone, Inc. (NYSE:AZO) by 4.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,316 shares of the company’s stock after selling 62 shares during the quarter. Gulf International Bank UK Ltd’s holdings in AutoZone were worth $4,145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in shares of AutoZone by 354,692.5% in the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock worth $31,293,100,000 after purchasing an additional 993,139 shares during the period. PineStone Asset Management Inc. increased its position in shares of AutoZone by 137.6% in the second quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock worth $918,998,000 after purchasing an additional 179,543 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of AutoZone in the second quarter worth $424,000. Captrust Financial Advisors increased its position in shares of AutoZone by 564.2% in the first quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock worth $479,338,000 after purchasing an additional 129,193 shares during the period. Finally, Baillie Gifford & Co. increased its position in shares of AutoZone by 2,714.8% in the second quarter. Baillie Gifford & Co. now owns 120,194 shares of the company’s stock worth $356,267,000 after purchasing an additional 115,924 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other news, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 1,218 shares in the company, valued at $3,785,166.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, 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 completion of the sale, the vice president now owns 1,218 shares in the company, 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 this link. Also, Chairman William C. Rhodes III sold 300 shares of the company’s stock in a transaction 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 sale, the chairman now owns 13,857 shares of the company’s stock, valued at $42,613,046.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,880 shares of company stock valued at $46,225,660. 2.50% of the stock is currently owned by company insiders.

AutoZone Stock Performance

Shares of AZO opened at $3,059.83 on Wednesday. AutoZone, Inc. has a 52-week low of $2,510.00 and a 52-week high of $3,256.37. The business’s 50 day moving average price is $3,114.41 and its two-hundred day moving average price is $3,014.48. The firm has a market cap of $51.71 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. DA Davidson restated a “neutral” rating and issued a $3,025.00 price target on shares of AutoZone in a research report on Monday, September 30th. Wedbush reiterated an “outperform” rating and issued a $3,200.00 target price on shares of AutoZone in a research report on Thursday, September 19th. Morgan Stanley lifted their target price on AutoZone from $3,038.00 to $3,125.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Redburn Atlantic upgraded AutoZone to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, BNP Paribas raised AutoZone to a “strong-buy” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and an average target price of $3,202.71.

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.