Syon Capital LLC Sells 48 Shares of AutoZone, Inc. (NYSE:AZO)

Syon Capital LLC lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 19.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 203 shares of the company’s stock after selling 48 shares during the period. Syon Capital LLC’s holdings in AutoZone were worth $525,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Rock Creek Group LP acquired a new stake in shares of AutoZone during the third quarter worth $25,000. ORG Partners LLC acquired a new position in AutoZone in the third quarter valued at about $43,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in AutoZone during the third quarter worth about $51,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of AutoZone during the 4th quarter worth about $54,000. Finally, Steward Financial Group LLC grew its position in shares of AutoZone by 66.7% during the 3rd quarter. Steward Financial Group LLC now owns 25 shares of the company’s stock worth $63,000 after buying an additional 10 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Up 0.1 %

AZO stock opened at $2,948.18 on Friday. The company has a market cap of $51.06 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 1.46 and a beta of 0.70. AutoZone, Inc. has a twelve month low of $2,277.88 and a twelve month high of $3,256.37. The business has a 50 day moving average price of $3,029.04 and a two-hundred day moving average price of $2,772.66.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share for the quarter, topping analysts’ consensus estimates of $26.08 by $2.81. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same period in the previous year, the firm earned $24.64 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that AutoZone, Inc. will post 152.4 EPS for the current fiscal year.

Insider Buying and Selling at AutoZone

In other news, VP Richard Craig Smith sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $2,997.76, for a total transaction of $8,993,280.00. Following the completion of the sale, the vice president now owns 2,921 shares in the company, valued at approximately $8,756,456.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Richard Craig Smith sold 3,000 shares of AutoZone stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $2,997.76, for a total transaction of $8,993,280.00. Following the completion of the sale, the vice president now directly owns 2,921 shares of the company’s stock, valued at approximately $8,756,456.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Philip B. Daniele sold 4,190 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $3,161.68, for a total transaction of $13,247,439.20. Following the sale, the chief executive officer now directly owns 900 shares of the company’s stock, valued at approximately $2,845,512. The disclosure for this sale can be found here. Insiders have sold a total of 15,990 shares of company stock worth $50,335,193 over the last ninety days. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AZO shares. DA Davidson increased their price target on shares of AutoZone from $2,770.00 to $3,025.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Wedbush lifted their price target on shares of AutoZone from $2,950.00 to $3,400.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. StockNews.com lowered shares of AutoZone from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Morgan Stanley increased their price target on AutoZone from $2,900.00 to $3,100.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Finally, Mizuho assumed coverage on AutoZone in a research report on Tuesday, March 19th. They issued a “buy” rating and a $3,450.00 price objective for the company. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,086.61.

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.