United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires New Position in AutoZone, Inc. (NYSE:AZO)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in AutoZone, Inc. (NYSE:AZO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,563 shares of the company's stock, valued at approximately $19,555,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Householder Group Estate & Retirement Specialist LLC bought a new position in AutoZone during the third quarter valued at $25,000. Rock Creek Group LP bought a new stake in shares of AutoZone in the 3rd quarter worth about $25,000. First Capital Advisors Group LLC. bought a new stake in shares of AutoZone in the 2nd quarter worth about $32,000. MUFG Americas Holdings Corp lifted its holdings 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 acquiring an additional 10 shares during the last quarter. Finally, Mascoma Wealth Management LLC bought a new stake in shares of AutoZone in the 3rd quarter worth about $38,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AZO shares. Truist Financial raised their target price on shares of AutoZone from $3,363.00 to $3,523.00 and gave the stock a "buy" rating in a report on Tuesday, April 2nd. Morgan Stanley raised their target price on shares of AutoZone from $2,900.00 to $3,100.00 and gave the stock an "overweight" rating in a report on Wednesday, February 28th. DA Davidson raised their target price on shares of AutoZone from $2,770.00 to $3,025.00 and gave the stock a "neutral" rating in a report on Wednesday, February 28th. Evercore ISI lowered their target price on shares of AutoZone from $3,400.00 to $3,346.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, TheStreet lowered shares of AutoZone from a "c" rating to a "d+" rating in a report on Wednesday, December 20th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $3,086.61.

Insider Transactions at AutoZone

In other news, CEO Philip B. Daniele sold 4,190 shares of AutoZone stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $3,161.68, for a total value of $13,247,439.20. Following the transaction, the chief executive officer now owns 900 shares of the company's stock, valued at approximately $2,845,512. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Philip B. Daniele sold 4,190 shares of AutoZone stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $3,161.68, for a total value of $13,247,439.20. Following the transaction, the chief executive officer now owns 900 shares of the company's stock, valued at approximately $2,845,512. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 15,357 shares in the company, valued at approximately $48,992,208.54. The disclosure for this sale can be found here. Insiders have sold a total of 17,890 shares of company stock valued at $55,531,693 in the last 90 days. Insiders own 2.50% of the company's stock.

AutoZone Price Performance

NYSE AZO traded up $27.99 during trading on Wednesday, reaching $2,938.26. 118,967 shares of the company's stock traded hands, compared to its average volume of 156,269. The firm has a market cap of $50.89 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.44 and a beta of 0.70. The company's 50 day simple moving average is $2,994.12 and its two-hundred day simple moving average is $2,752.63. AutoZone, Inc. has a 12-month low of $2,277.88 and a 12-month high of $3,256.37.

AutoZone (NYSE:AZO - Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported $28.89 EPS for the quarter, beating analysts' consensus estimates of $26.08 by $2.81. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.32 billion. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $24.64 EPS. Research analysts expect that AutoZone, Inc. will post 151.98 earnings per share 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.