Voya Investment Management LLC Sells 303 Shares of AutoZone, Inc. (NYSE:AZO)

Voya Investment Management LLC decreased its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,001 shares of the company's stock after selling 303 shares during the period. Voya Investment Management LLC's holdings in AutoZone were worth $12,811,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in shares of AutoZone in the 4th quarter worth $29,000. Flagship Wealth Advisors LLC bought a new stake in AutoZone in the 4th quarter worth about $32,000. Harbour Investments Inc. increased its stake in AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after buying an additional 3 shares during the last quarter. Crews Bank & Trust purchased a new stake in AutoZone in the 4th quarter valued at about $61,000. Finally, McIlrath & Eck LLC lifted its position in shares of AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after buying an additional 4 shares in the last quarter. Institutional investors own 92.74% of the company's stock.

AutoZone Trading Down 0.8 %

Shares of NYSE AZO traded down $29.35 during midday trading on Thursday, hitting $3,733.25. 100,831 shares of the company's stock were exchanged, compared to its average volume of 131,835. The business's fifty day moving average price is $3,609.63 and its two-hundred day moving average price is $3,370.89. The company has a market cap of $62.65 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 1.86 and a beta of 0.54. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,916.81.

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

Insider Activity at AutoZone

In related news, CEO Philip B. Daniele sold 2,000 shares of AutoZone stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the transaction, the chief executive officer now owns 163 shares in the company, valued at $619,401.63. This trade represents a 92.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Domingo Hurtado sold 4,800 shares of AutoZone stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the completion of the transaction, the vice president now owns 159 shares in the company, valued at approximately $581,940. This represents a 96.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,521 shares of company stock valued at $42,177,331 over the last 90 days. 2.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AZO. Argus downgraded AutoZone from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Roth Mkm lifted their target price on AutoZone from $3,634.00 to $3,763.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Bank of America increased their price target on shares of AutoZone from $3,600.00 to $3,700.00 and gave the company a "neutral" rating in a research report on Wednesday, March 5th. Barclays lifted their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an "overweight" rating in a research report on Thursday, January 9th. Finally, Wedbush reissued an "outperform" rating and set a $3,700.00 target price on shares of AutoZone in a research report on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, AutoZone presently has an average rating of "Buy" and an average price target of $3,724.00.

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.