Pinebridge Investments L.P. Sells 234 Shares of AutoZone, Inc. (NYSE:AZO)

Pinebridge Investments L.P. trimmed its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 14.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,362 shares of the company's stock after selling 234 shares during the quarter. Pinebridge Investments L.P.'s holdings in AutoZone were worth $4,361,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AZO. Pittenger & Anderson Inc. increased its holdings in shares of AutoZone by 5.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 61 shares of the company's stock worth $195,000 after acquiring an additional 3 shares during the period. Sound View Wealth Advisors Group LLC boosted its stake in AutoZone by 2.0% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company's stock valued at $487,000 after buying an additional 3 shares in the last quarter. PDS Planning Inc lifted its holdings in AutoZone by 2.3% in the 4th quarter. PDS Planning Inc now owns 132 shares of the company's stock valued at $423,000 after acquiring an additional 3 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after purchasing an additional 3 shares during the last quarter. Finally, Meeder Advisory Services Inc. boosted its holdings in AutoZone by 0.8% during the fourth quarter. Meeder Advisory Services Inc. now owns 371 shares of the company's stock worth $1,188,000 after buying an additional 3 shares in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone Stock Down 1.2 %

NYSE AZO traded down $46.37 during trading hours on Thursday, hitting $3,716.23. The company's stock had a trading volume of 19,849 shares, compared to its average volume of 131,513. The stock has a fifty day moving average of $3,609.63 and a 200 day moving average of $3,370.89. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,916.81. The firm has a market capitalization of $62.37 billion, a P/E ratio of 24.83, a PEG ratio of 1.86 and a beta of 0.54.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly 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). The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. On average, analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Guggenheim upped their price target on AutoZone from $3,750.00 to $3,850.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Roth Capital set a $3,763.00 price target on AutoZone in a research report on Wednesday, March 5th. Wedbush reissued an "outperform" rating and issued a $3,700.00 price target on shares of AutoZone in a research note on Wednesday, March 5th. StockNews.com upgraded shares of AutoZone from a "hold" rating to a "buy" rating in a research report on Monday. Finally, Roth Mkm lifted their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, AutoZone currently has an average rating of "Buy" and a consensus target price of $3,724.00.

Insider Transactions at AutoZone

In other news, CEO Philip B. Daniele sold 2,000 shares of AutoZone stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the transaction, the chief executive officer now owns 163 shares in the company, valued at $619,401.63. The trade was a 92.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the transaction, the senior vice president now directly owns 50 shares of the company's stock, valued at approximately $177,500. This trade represents a 76.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,521 shares of company stock worth $42,177,331. 2.10% of the stock is currently owned by company insiders.

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.