Triasima Portfolio Management inc. Invests $301,000 in AutoZone, Inc. (NYSE:AZO)

Triasima Portfolio Management inc. acquired a new position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 79 shares of the company's stock, valued at approximately $301,000.

A number of other large investors have also recently bought and sold shares of AZO. PDS Planning Inc boosted its stake in shares of 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 purchasing an additional 3 shares in the last quarter. Harbour Investments Inc. raised its holdings 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. Meeder Advisory Services Inc. raised its holdings in AutoZone by 0.8% in the 4th quarter. Meeder Advisory Services Inc. now owns 371 shares of the company's stock valued at $1,188,000 after buying an additional 3 shares during the last quarter. Tandem Wealth Advisors LLC raised its holdings in AutoZone by 3.6% in the 4th quarter. Tandem Wealth Advisors LLC now owns 87 shares of the company's stock valued at $279,000 after buying an additional 3 shares during the last quarter. Finally, United Capital Financial Advisors LLC raised its holdings in AutoZone by 0.3% during the 4th quarter. United Capital Financial Advisors LLC now owns 1,120 shares of the company's stock worth $3,585,000 after purchasing an additional 3 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Guggenheim boosted their price objective on AutoZone from $3,850.00 to $4,100.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Raymond James Financial restated a "strong-buy" rating on shares of AutoZone in a report on Wednesday, May 28th. Oppenheimer upgraded shares of AutoZone from a "market perform" rating to an "outperform" rating and set a $4,600.00 price objective for the company in a research note on Friday, May 2nd. Mizuho lifted their price objective on shares of AutoZone from $3,740.00 to $4,050.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Finally, Roth Capital set a $4,135.00 price objective on shares of AutoZone and gave the company a "buy" rating in a research note on Monday, June 2nd. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $4,087.00.

Insider Activity

In related news, CFO Jamere Jackson sold 2,612 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $3,728.05, for a total value of $9,737,666.60. Following the transaction, the chief financial officer directly owned 427 shares of the company's stock, valued at approximately $1,591,877.35. The trade was a 85.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $17,568,000.00. Following the completion of the transaction, the vice president directly owned 159 shares in the company, valued at $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 sold 35,662 shares of company stock valued at $131,999,089 over the last quarter. 2.10% of the stock is owned by insiders.

AutoZone Stock Performance

AZO traded down $33.75 during mid-day trading on Thursday, reaching $3,648.87. 96,232 shares of the stock were exchanged, compared to its average volume of 130,471. The stock has a market capitalization of $61.23 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 2.21 and a beta of 0.39. The company has a 50 day moving average price of $3,701.58 and a two-hundred day moving average price of $3,570.51. AutoZone, Inc. has a 1 year low of $2,894.02 and a 1 year high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $4.46 billion for the quarter, compared to analysts' expectations 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 firm earned $36.69 earnings per share. Sell-side analysts expect 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.