Compound Global Advisors LLC Acquires 938 Shares of AutoZone, Inc. (NYSE:AZO)

Compound Global Advisors LLC increased its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 23.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,991 shares of the company's stock after acquiring an additional 938 shares during the period. AutoZone comprises 2.4% of Compound Global Advisors LLC's investment portfolio, making the stock its 20th biggest holding. Compound Global Advisors LLC's holdings in AutoZone were worth $12,905,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AZO. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of AutoZone in the third quarter valued at about $25,000. Rock Creek Group LP purchased a new stake in AutoZone in the 3rd quarter valued at about $25,000. First Capital Advisors Group LLC. bought a new position in shares of AutoZone during the 2nd quarter worth approximately $32,000. MUFG Americas Holdings Corp boosted its stake in shares of AutoZone by 166.7% in the 3rd quarter. MUFG Americas Holdings Corp now owns 16 shares of the company's stock worth $34,000 after buying an additional 10 shares during the last quarter. Finally, Mascoma Wealth Management LLC bought a new position in shares of AutoZone in the third quarter valued at approximately $38,000. Institutional investors own 92.74% of the company's stock.

Insider Transactions at AutoZone

In related news, Director George R. Mrkonic, Jr. sold 414 shares of the company's stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $2,541.85, for a total value of $1,052,325.90. Following the completion of the transaction, the director now directly owns 3,470 shares in the company, valued at $8,820,219.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman William C. Rhodes III sold 6,700 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The shares were 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 in the company, valued at approximately $48,992,208.54. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George R. Mrkonic, Jr. sold 414 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $2,541.85, for a total transaction of $1,052,325.90. Following the transaction, the director now directly owns 3,470 shares in the company, valued at approximately $8,820,219.50. The disclosure for this sale can be found here. Insiders have sold 19,997 shares of company stock valued at $61,108,338 in the last quarter. Insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AZO. JPMorgan Chase & Co. lifted their price target on AutoZone from $3,000.00 to $3,200.00 and gave the stock an "overweight" rating in a report on Wednesday, February 28th. Mizuho began coverage on AutoZone in a research note on Tuesday, March 19th. They set a "buy" rating and a $3,450.00 target price on the stock. DA Davidson increased their price target on shares of AutoZone from $2,770.00 to $3,025.00 and gave the company a "neutral" rating in a research report on Wednesday, February 28th. William Blair restated an "outperform" rating on shares of AutoZone in a report on Wednesday, December 13th. Finally, TheStreet cut shares of AutoZone from a "c" rating to a "d+" rating in a research note on Wednesday, December 20th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $3,089.61.

AutoZone Price Performance

NYSE AZO traded up $19.90 during trading on Friday, reaching $3,104.94. The company's stock had a trading volume of 84,663 shares, compared to its average volume of 157,089. The firm has a fifty day moving average of $2,960.12 and a 200 day moving average of $2,723.16. AutoZone, Inc. has a one year low of $2,277.88 and a one year high of $3,256.37. The stock has a market capitalization of $53.72 billion, a PE ratio of 21.86, a P/E/G ratio of 1.66 and a beta of 0.70.

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