Siemens Fonds Invest GmbH Has $5.05 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Siemens Fonds Invest GmbH increased its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 630.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,577 shares of the company's stock after purchasing an additional 1,361 shares during the quarter. Siemens Fonds Invest GmbH's holdings in AutoZone were worth $5,050,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of AutoZone during the 4th quarter worth approximately $29,000. Flagship Wealth Advisors LLC bought a new position in shares of AutoZone during the 4th quarter worth approximately $32,000. Harbour Investments Inc. grew its stake in shares of AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after acquiring an additional 3 shares in the last quarter. Minot DeBlois Advisors LLC bought a new position in shares of AutoZone during the 4th quarter worth approximately $45,000. Finally, Itau Unibanco Holding S.A. grew its stake in shares of AutoZone by 750.0% during the 4th quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company's stock worth $54,000 after acquiring an additional 15 shares in the last quarter. 92.74% of the stock is owned by institutional investors.

Insider Buying and Selling at AutoZone

In other news, CEO Philip B. Daniele sold 2,000 shares of the business's 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 sale, the chief executive officer now directly owns 163 shares in the company, valued at approximately $619,401.63. The trade was a 92.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Domingo Hurtado sold 4,800 shares of the business's 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 sale, the vice president now owns 159 shares in the company, valued at approximately $581,940. This trade represents a 96.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,521 shares of company stock worth $42,177,331 over the last 90 days. Insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

AZO has been the subject of several recent analyst reports. UBS Group increased their price objective on AutoZone from $4,025.00 to $4,260.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Mizuho lifted their target price on AutoZone from $3,600.00 to $3,740.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Raymond James reissued a "strong-buy" rating on shares of AutoZone in a report on Wednesday. Evercore ISI set a $3,950.00 target price on AutoZone in a report on Monday, May 19th. Finally, Wedbush reissued an "outperform" rating and set a $3,700.00 target price on shares of AutoZone in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, AutoZone currently has a consensus rating of "Buy" and an average price target of $4,054.52.

AutoZone Trading Up 1.3%

AutoZone stock traded up $46.58 during midday trading on Friday, reaching $3,736.21. The company's stock had a trading volume of 190,971 shares, compared to its average volume of 129,947. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,916.81. The business has a 50-day moving average price of $3,698.83 and a 200-day moving average price of $3,466.57. The stock has a market cap of $62.70 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44.

AutoZone (NYSE:AZO - Get Free Report) last released its earnings results on Tuesday, May 27th. The company reported $35.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $37.07 by ($1.71). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the prior year, the firm earned $36.69 EPS. The business's revenue was up 5.4% on a year-over-year basis. As a group, research analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

AutoZone 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.