Pathstone Holdings LLC Has $12.79 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Pathstone Holdings LLC lifted its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,994 shares of the company's stock after acquiring an additional 232 shares during the quarter. Pathstone Holdings LLC's holdings in AutoZone were worth $12,789,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mufg Securities Americas Inc. purchased a new stake in AutoZone in the 4th quarter valued at approximately $800,000. Man Group plc lifted its stake in AutoZone by 291.9% in the 4th quarter. Man Group plc now owns 5,620 shares of the company's stock valued at $17,995,000 after buying an additional 4,186 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in AutoZone by 49.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 33,364 shares of the company's stock valued at $108,153,000 after buying an additional 10,987 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in AutoZone in the 4th quarter valued at approximately $1,780,000. Finally, NorthRock Partners LLC purchased a new stake in AutoZone in the 4th quarter valued at approximately $311,000. Hedge funds and other institutional investors own 92.74% of the company's stock.

Insider Transactions at AutoZone

In related news, SVP K. Michelle Borninkhof sold 136 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total value of $482,810.88. Following the completion of the sale, the senior vice president now directly owns 403 shares in the company, valued at approximately $1,430,682.24. The trade was a 25.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Richard Craig Smith sold 2,850 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the completion of the sale, the vice president now owns 2,924 shares of the company's stock, valued at approximately $10,555,640. This trade represents a 49.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,521 shares of company stock worth $42,177,331 over the last quarter. Company insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Roth Mkm boosted their price target on AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Raymond James reiterated a "strong-buy" rating on shares of AutoZone in a report on Wednesday, March 5th. DA Davidson upgraded AutoZone from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $3,500.00 to $4,192.00 in a report on Friday, March 21st. Evercore ISI increased their target price on AutoZone from $3,525.00 to $3,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Finally, Argus cut AutoZone from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $3,837.82.

AutoZone Trading Up 2.4%

Shares of AutoZone stock traded up $90.58 during trading on Monday, reaching $3,877.00. The stock had a trading volume of 139,147 shares, compared to its average volume of 130,345. The company has a market capitalization of $65.06 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 1.86 and a beta of 0.44. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,916.81. The stock has a fifty day moving average price of $3,658.37 and a two-hundred day moving average price of $3,423.45.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. On average, equities analysts forecast 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.