Parkside Financial Bank & Trust Has $2.72 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Parkside Financial Bank & Trust grew its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 3,290.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,051 shares of the company's stock after acquiring an additional 1,020 shares during the quarter. Parkside Financial Bank & Trust's holdings in AutoZone were worth $2,717,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AZO. LGT Capital Partners LTD. raised its holdings in shares of AutoZone by 32.2% in the 4th quarter. LGT Capital Partners LTD. now owns 27,250 shares of the company's stock worth $70,458,000 after purchasing an additional 6,630 shares during the period. Handelsbanken Fonder AB grew its stake in AutoZone by 8.1% during the fourth quarter. Handelsbanken Fonder AB now owns 7,544 shares of the company's stock worth $19,506,000 after buying an additional 566 shares during the period. Knights of Columbus Asset Advisors LLC increased its position in shares of AutoZone by 17.6% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 1,701 shares of the company's stock worth $4,398,000 after acquiring an additional 255 shares in the last quarter. Graypoint LLC lifted its holdings in shares of AutoZone by 8.3% during the 4th quarter. Graypoint LLC now owns 143 shares of the company's stock valued at $370,000 after acquiring an additional 11 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in AutoZone by 59.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,292 shares of the company's stock valued at $3,328,000 after purchasing an additional 480 shares in the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Trading Up 0.9 %

AZO traded up $27.47 on Wednesday, hitting $2,988.51. 103,672 shares of the company's stock were exchanged, compared to its average volume of 154,312. The stock has a fifty day moving average of $3,020.17 and a two-hundred day moving average of $2,768.74. AutoZone, Inc. has a twelve month low of $2,277.88 and a twelve month high of $3,256.37. The firm has a market cap of $51.76 billion, a PE ratio of 21.04, a P/E/G ratio of 1.47 and a beta of 0.70.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $26.08 by $2.81. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.32 billion. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $24.64 EPS. On average, analysts predict that AutoZone, Inc. will post 152.4 EPS for the current year.

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of recent research reports. Truist Financial increased their target price on AutoZone from $3,363.00 to $3,523.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. Mizuho started coverage on shares of AutoZone in a research note on Tuesday, March 19th. They issued a "buy" rating and a $3,450.00 target price for the company. StockNews.com downgraded shares of AutoZone from a "buy" rating to a "hold" rating in a research note on Friday, April 12th. UBS Group raised their target price on AutoZone from $3,100.00 to $3,425.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. Finally, Morgan Stanley boosted their price target on AutoZone from $2,900.00 to $3,100.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $3,086.61.

Insider Buying and Selling

In other news, 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 sale, the chairman now owns 15,357 shares of the company's stock, valued at $48,992,208.54. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Philip B. Daniele sold 4,190 shares of AutoZone stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $3,161.68, for a total transaction of $13,247,439.20. Following the sale, the chief executive officer now directly owns 900 shares in the company, valued at $2,845,512. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman William C. Rhodes III sold 6,700 shares of the stock in a transaction dated Tuesday, March 26th. The shares were 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 owns 15,357 shares of the company's stock, valued at approximately $48,992,208.54. The disclosure for this sale can be found here. Insiders have sold a total of 15,990 shares of company stock valued at $50,335,193 in the last quarter. Company insiders own 2.50% of the company's stock.

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.