WINTON GROUP Ltd Increases Holdings in AutoZone, Inc. (NYSE:AZO)

WINTON GROUP Ltd grew its holdings in shares of AutoZone, Inc. (NYSE:AZO – Get Rating) by 125.1{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,260 shares of the company’s stock after buying an additional 1,812 shares during the period. AutoZone accounts for about 0.5{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} of WINTON GROUP Ltd’s holdings, making the stock its 29th largest holding. WINTON GROUP Ltd’s holdings in AutoZone were worth $6,983,000 as of its most recent SEC filing.

→ Laser breakthrough could send stock soaring 2,476{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} (From Behind the Markets)

A number of other institutional investors also recently bought and sold shares of AZO. RB Capital Management LLC acquired a new stake in shares of AutoZone during the first quarter worth about $274,000. Fairfield Bush & CO. acquired a new position in AutoZone in the 1st quarter valued at about $57,000. Roundview Capital LLC increased its position in AutoZone by 8.1{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} in the 1st quarter. Roundview Capital LLC now owns 426 shares of the company’s stock valued at $871,000 after acquiring an additional 32 shares during the period. Cetera Advisor Networks LLC increased its position in AutoZone by 31.7{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} in the 1st quarter. Cetera Advisor Networks LLC now owns 237 shares of the company’s stock valued at $485,000 after acquiring an additional 57 shares during the period. Finally, Sei Investments Co. increased its position in AutoZone by 24.4{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} in the 1st quarter. Sei Investments Co. now owns 12,966 shares of the company’s stock valued at $26,331,000 after acquiring an additional 2,545 shares during the period. 91.12{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. MKM Partners boosted their target price on AutoZone from $2,350.00 to $2,650.00 and gave the stock a “buy” rating in a research report on Wednesday, December 7th. UBS Group boosted their price target on AutoZone from $2,260.00 to $2,540.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 7th. Truist Financial boosted their price target on AutoZone from $2,792.00 to $2,800.00 and gave the stock a “buy” rating in a research note on Wednesday, December 7th. Guggenheim raised AutoZone from a “neutral” rating to a “buy” rating and set a $2,735.00 price target on the stock in a research note on Monday, January 9th. Finally, Bank of America lowered AutoZone from a “neutral” rating to an “underperform” rating in a research note on Wednesday, December 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,601.71.

Insider Buying and Selling

In related news, VP Grant E. Mcgee sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, December 22nd. The shares were sold at an average price of $2,400.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the vice president now directly owns 244 shares in the company, valued at $585,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other AutoZone news, VP Grant E. Mcgee sold 1,700 shares of AutoZone stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $2,450.00, for a total transaction of $4,165,000.00. Following the completion of the sale, the vice president now owns 246 shares of the company’s stock, valued at approximately $602,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Grant E. Mcgee sold 500 shares of the firm’s stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $2,400.00, for a total transaction of $1,200,000.00. Following the transaction, the vice president now owns 244 shares in the company, valued at approximately $585,600. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,786 shares of company stock worth $19,016,045. Corporate insiders own 2.59{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} of the company’s stock.

AutoZone Trading Up 0.3 {7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91}

NYSE AZO traded up $8.02 during trading hours on Monday, reaching $2,521.71. The company’s stock had a trading volume of 3,726 shares, compared to its average volume of 148,897. The business has a 50-day simple moving average of $2,418.55 and a 200 day simple moving average of $2,338.54. AutoZone, Inc. has a 52 week low of $1,703.32 and a 52 week high of $2,610.05. The stock has a market cap of $47.33 billion, a PE ratio of 21.07, a PEG ratio of 1.78 and a beta of 0.73.

AutoZone (NYSE:AZO – Get Rating) last announced its quarterly earnings results on Tuesday, December 6th. The company reported $27.45 EPS for the quarter, beating the consensus estimate of $25.15 by $2.30. AutoZone had a net margin of 14.57{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} and a negative return on equity of 69.45{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91}. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the business earned $25.69 earnings per share. AutoZone’s revenue was up 8.6{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} compared to the same quarter last year. As a group, equities analysts predict that AutoZone, Inc. will post 124.97 EPS for the current year.

About AutoZone

(Get Rating)

AutoZone, Inc engages in the retail and distribution of automotive replacement parts and accessories. The firm offers ALLDATA, which produces, sells, and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers.

Featured Stories

Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone, Inc. (NYSE:AZO – Get Rating).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider AutoZone, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and AutoZone wasn’t on the list.

While AutoZone currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here