Napean Trading & Investment Co Singapore PTE Ltd Buys 520 Shares of AutoZone, Inc. (NYSE:AZO)

Napean Trading & Investment Co Singapore PTE Ltd increased its position in shares of AutoZone, Inc. (NYSE:AZO) by 16.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,622 shares of the company’s stock after acquiring an additional 520 shares during the period. AutoZone makes up about 2.9% of Napean Trading & Investment Co Singapore PTE Ltd’s holdings, making the stock its 13th biggest position. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in AutoZone were worth $11,598,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AZO. Franklin Resources Inc. lifted its holdings in shares of AutoZone by 18.1% during the 3rd quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock worth $141,717,000 after acquiring an additional 6,898 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of AutoZone by 186.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock worth $292,544,000 after purchasing an additional 60,483 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of AutoZone by 29.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock valued at $111,455,000 after buying an additional 7,922 shares in the last quarter. Silverleafe Capital Partners LLC grew its position in AutoZone by 1.0% during the fourth quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock valued at $8,460,000 after acquiring an additional 26 shares during the last quarter. Finally, Pensionfund Sabic raised its stake in shares of AutoZone by 51.3% during the fourth quarter. Pensionfund Sabic now owns 590 shares of the company’s stock worth $1,889,000 after acquiring an additional 200 shares in the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AZO has been the subject of several analyst reports. Barclays upped their price target on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. DA Davidson raised AutoZone from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $3,500.00 to $4,192.00 in a research note on Friday. Evercore ISI increased their price objective on AutoZone from $3,525.00 to $3,700.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. TD Cowen upped their price target on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Wells Fargo & Company raised their price target on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3,683.36.

Insider Activity

In other news, VP Richard Craig Smith sold 2,850 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total transaction of $10,288,500.00. Following the sale, the vice president now owns 2,924 shares of the company’s stock, valued at $10,555,640. This trade represents a 49.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Bailey L. Childress sold 160 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following the sale, the senior vice president now owns 50 shares in the company, valued at $177,500. This trade represents a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,721 shares of company stock worth $17,009,311. 2.10% of the stock is currently owned by corporate insiders.

AutoZone Trading Up 0.9 %

Shares of AZO opened at $3,605.88 on Monday. The firm has a market capitalization of $60.51 billion, a P/E ratio of 24.09, a P/E/G ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,704.43. The firm has a fifty day moving average price of $3,433.28 and a 200-day moving average price of $3,259.40.

AutoZone (NYSE:AZO) last announced its quarterly earnings data 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 negative return on equity of 53.89% and a net margin of 14.18%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. Analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

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.