Commerzbank Aktiengesellschaft FI Purchases 186 Shares of AutoZone, Inc. (NYSE:AZO)

Commerzbank Aktiengesellschaft FI lifted its position in shares of AutoZone, Inc. (NYSE:AZO) by 204.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 277 shares of the company’s stock after purchasing an additional 186 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in AutoZone were worth $873,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Meadow Creek Wealth Advisors LLC raised its position in AutoZone by 5.0% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 106 shares of the company’s stock worth $334,000 after acquiring an additional 5 shares during the period. Weaver Capital Management LLC grew its stake in AutoZone by 7.7% during the third quarter. Weaver Capital Management LLC now owns 1,099 shares of the company’s stock valued at $3,463,000 after acquiring an additional 79 shares in the last quarter. Waldron Private Wealth LLC grew its stake in AutoZone by 7.7% during the third quarter. Waldron Private Wealth LLC now owns 334 shares of the company’s stock valued at $1,052,000 after acquiring an additional 24 shares in the last quarter. Eastern Bank purchased a new position in AutoZone during the third quarter valued at approximately $265,000. Finally, Sequoia Financial Advisors LLC grew its stake in AutoZone by 22.3% during the third quarter. Sequoia Financial Advisors LLC now owns 542 shares of the company’s stock valued at $1,707,000 after acquiring an additional 99 shares in the last quarter. 92.74% of the stock is owned by institutional investors.

Insider Transactions at AutoZone

In other news, Chairman William C. Rhodes III sold 13,000 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the sale, the chairman now directly owns 13,857 shares of the company’s stock, valued at $43,055,777.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP John Scott Murphy sold 1,580 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the sale, the vice president now directly owns 1,218 shares of the company’s stock, valued at approximately $3,785,166.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman William C. Rhodes III sold 13,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the sale, the chairman now directly owns 13,857 shares in the company, valued at $43,055,777.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,880 shares of company stock valued at $46,225,660 in the last three months. 2.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AZO shares. BNP Paribas raised shares of AutoZone to a “strong-buy” rating in a research note on Wednesday, September 25th. Morgan Stanley boosted their price target on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Wedbush reissued an “outperform” rating and issued a $3,200.00 price target on shares of AutoZone in a research note on Thursday, September 19th. Mizuho boosted their price objective on shares of AutoZone from $3,280.00 to $3,350.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Finally, Guggenheim boosted their price objective on shares of AutoZone from $3,225.00 to $3,350.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $3,202.71.

AutoZone Trading Up 0.8 %

Shares of NYSE AZO opened at $3,196.44 on Thursday. AutoZone, Inc. has a 12 month low of $2,375.35 and a 12 month high of $3,256.37. The firm has a market capitalization of $54.60 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 1.59 and a beta of 0.70. The firm has a fifty day simple moving average of $3,134.91 and a two-hundred day simple moving average of $3,009.12.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing the consensus estimate of $53.31 by ($5.20). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The company had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter last year, the company posted $46.46 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, sell-side analysts predict that AutoZone, Inc. will post 157.99 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.