Greenleaf Trust Has $2.55 Million Stake in AutoZone, Inc. (NYSE:AZO)

Greenleaf Trust decreased its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 17.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 668 shares of the company's stock after selling 142 shares during the quarter. Greenleaf Trust's holdings in AutoZone were worth $2,547,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in AutoZone by 435,031.1% during the 1st quarter. GAMMA Investing LLC now owns 770,182 shares of the company's stock worth $2,936,535,000 after buying an additional 770,005 shares in the last quarter. Norges Bank acquired a new position in AutoZone during the 4th quarter worth about $834,556,000. Barclays PLC lifted its position in AutoZone by 82.6% during the 4th quarter. Barclays PLC now owns 170,216 shares of the company's stock worth $545,033,000 after buying an additional 77,015 shares in the last quarter. Northern Trust Corp lifted its position in AutoZone by 22.0% during the 4th quarter. Northern Trust Corp now owns 204,748 shares of the company's stock valued at $655,603,000 after purchasing an additional 36,916 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of AutoZone in the 4th quarter valued at about $95,480,000. Institutional investors own 92.74% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AZO. Raymond James Financial reaffirmed a "strong-buy" rating on shares of AutoZone in a research note on Wednesday, May 28th. Oppenheimer raised shares of AutoZone from a "market perform" rating to an "outperform" rating and set a $4,600.00 target price on the stock in a research note on Friday, May 2nd. DA Davidson raised their target price on shares of AutoZone from $4,192.00 to $4,850.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. raised their target price on shares of AutoZone from $3,830.00 to $4,350.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $4,100.00 target price (up previously from $3,850.00) on shares of AutoZone in a research note on Wednesday, May 28th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, AutoZone presently has a consensus rating of "Buy" and an average price target of $4,087.00.

Insider Buying and Selling at AutoZone

In other news, SVP K. Michelle Borninkhof sold 750 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $3,597.13, for a total transaction of $2,697,847.50. Following the completion of the transaction, the senior vice president directly owned 406 shares of the company's stock, valued at $1,460,434.78. This trade represents a 64.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman William C. Rhodes III sold 27,500 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $3,708.93, for a total transaction of $101,995,575.00. Following the transaction, the chairman directly owned 8,546 shares of the company's stock, valued at $31,696,515.78. This represents a 76.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,662 shares of company stock valued at $131,999,089 over the last quarter. Insiders own 2.10% of the company's stock.

AutoZone Stock Performance

AZO stock traded down $13.77 during mid-day trading on Thursday, hitting $3,728.41. 188,278 shares of the company were exchanged, compared to its average volume of 130,584. The firm has a market cap of $62.57 billion, a P/E ratio of 25.23, a P/E/G ratio of 2.23 and a beta of 0.39. The firm's 50 day simple moving average is $3,705.33 and its 200 day simple moving average is $3,554.80. AutoZone, Inc. has a 1-year low of $2,802.79 and a 1-year high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The company reported $35.36 earnings per share for the quarter, missing the consensus estimate of $37.07 by ($1.71). The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.41 billion. AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. AutoZone's revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $36.69 earnings per share. On average, equities research analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal 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.