United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Grows Holdings in AutoZone, Inc. (NYSE:AZO)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its position in shares of AutoZone, Inc. (NYSE:AZO) by 24.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,859 shares of the company’s stock after purchasing an additional 2,564 shares during the period. AutoZone accounts for 1.6% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s portfolio, making the stock its 21st largest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned 0.08% of AutoZone worth $41,175,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Pittenger & Anderson Inc. lifted its holdings in AutoZone by 5.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock worth $195,000 after purchasing an additional 3 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its holdings in shares of AutoZone by 2.0% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company’s stock worth $487,000 after buying an additional 3 shares in the last quarter. PDS Planning Inc boosted its position in shares of AutoZone by 2.3% during the fourth quarter. PDS Planning Inc now owns 132 shares of the company’s stock worth $423,000 after acquiring an additional 3 shares during the last quarter. Harbour Investments Inc. grew its stake in AutoZone by 42.9% during the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock valued at $32,000 after acquiring an additional 3 shares in the last quarter. Finally, McIlrath & Eck LLC increased its holdings in AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In related news, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the transaction, the senior vice president now directly owns 50 shares in the company, valued at $177,500. The trade was a 76.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP K. Michelle Borninkhof sold 136 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total value of $482,810.88. Following the completion of the sale, the senior vice president now owns 403 shares of the company’s stock, valued at approximately $1,430,682.24. This trade represents a 25.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,721 shares of company stock worth $17,009,311 over the last three months. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Barclays lifted their target price on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Evercore ISI increased their price objective on shares of AutoZone from $3,525.00 to $3,700.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Guggenheim boosted their target price on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Mizuho lifted their price target on AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Finally, TD Cowen upped their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3,683.36.

AutoZone Stock Up 0.5 %

AutoZone stock opened at $3,675.49 on Wednesday. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,704.43. The business has a fifty day moving average of $3,450.75 and a two-hundred day moving average of $3,267.24. The firm has a market cap of $61.68 billion, a P/E ratio of 24.56, a P/E/G ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Equities analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

About AutoZone

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.