Boston Trust Walden Corp Acquires 649 Shares of AutoZone, Inc. (NYSE:AZO)

Boston Trust Walden Corp raised its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,969 shares of the company's stock after buying an additional 649 shares during the quarter. Boston Trust Walden Corp owned 0.16% of AutoZone worth $69,731,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Williams Jones Wealth Management LLC. boosted its position in AutoZone by 4.6% during the first quarter. Williams Jones Wealth Management LLC. now owns 91 shares of the company's stock worth $224,000 after purchasing an additional 4 shares during the period. Rosenberg Matthew Hamilton boosted its position in AutoZone by 8.2% during the third quarter. Rosenberg Matthew Hamilton now owns 53 shares of the company's stock worth $135,000 after purchasing an additional 4 shares during the period. CWM LLC boosted its position in AutoZone by 1.3% during the third quarter. CWM LLC now owns 301 shares of the company's stock worth $765,000 after purchasing an additional 4 shares during the period. Private Trust Co. NA boosted its position in AutoZone by 2.9% during the third quarter. Private Trust Co. NA now owns 142 shares of the company's stock worth $361,000 after purchasing an additional 4 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in shares of AutoZone by 2.0% in the third quarter. Venturi Wealth Management LLC now owns 202 shares of the company's stock valued at $513,000 after acquiring an additional 4 shares during the period. Institutional investors own 92.74% of the company's stock.

Insider Activity at AutoZone

In related news, Chairman William C. Rhodes III sold 6,700 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the completion of the sale, the chairman now directly owns 15,357 shares of the company's stock, valued at approximately $48,992,208.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares in the company, valued at approximately $48,992,208.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eric S. Gould sold 2,100 shares of AutoZone stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the sale, the vice president now owns 910 shares in the company, valued at $2,912,000. The disclosure for this sale can be found here. In the last three months, insiders sold 27,797 shares of company stock valued at $81,010,974. 2.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AZO. Truist Financial boosted their target price on shares of AutoZone from $3,363.00 to $3,523.00 and gave the company a "buy" rating in a research report on Tuesday. StockNews.com raised shares of AutoZone from a "hold" rating to a "buy" rating in a research report on Thursday. Raymond James raised shares of AutoZone from an "outperform" rating to a "strong-buy" rating and boosted their target price for the company from $2,850.00 to $3,100.00 in a research report on Wednesday, December 6th. Evercore ISI boosted their target price on shares of AutoZone from $3,375.00 to $3,400.00 and gave the company an "outperform" rating in a research report on Tuesday, March 26th. Finally, DA Davidson upped their price objective on shares of AutoZone from $2,770.00 to $3,025.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 28th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $3,089.61.

AutoZone Stock Performance

Shares of AutoZone stock traded down $61.59 on Thursday, reaching $3,085.04. 117,306 shares of the company's stock were exchanged, compared to its average volume of 158,204. The company has a market capitalization of $53.37 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 1.68 and a beta of 0.70. AutoZone, Inc. has a 52 week low of $2,277.88 and a 52 week high of $3,256.37. The firm's 50-day moving average is $2,953.40 and its two-hundred day moving average is $2,720.63.

AutoZone (NYSE:AZO - Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $26.08 by $2.81. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The company had revenue of $3.86 billion for the quarter, compared to analysts' expectations of $4.32 billion. During the same period last year, the business earned $24.64 EPS. AutoZone's quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts expect that AutoZone, Inc. will post 151.33 EPS for the current fiscal year.

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.

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