CENTRAL TRUST Co Trims Holdings in AutoZone, Inc. (AZO)

CENTRAL TRUST Co reduced its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 4.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 917 shares of the company’s stock after selling 45 shares during the period. CENTRAL TRUST Co’s holdings in AutoZone were worth $939,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in AZO. JPMorgan Chase & Co. boosted its position in shares of AutoZone by 4.4% in the third quarter. JPMorgan Chase & Co. now owns 2,034,551 shares of the company’s stock worth $1,578,202,000 after purchasing an additional 84,961 shares during the period. LPL Financial LLC boosted its position in shares of AutoZone by 52.0% in the third quarter. LPL Financial LLC now owns 2,285 shares of the company’s stock worth $1,772,000 after purchasing an additional 782 shares during the period. Mackenzie Financial Corp boosted its position in shares of AutoZone by 25.0% in the third quarter. Mackenzie Financial Corp now owns 1,327 shares of the company’s stock worth $1,029,000 after purchasing an additional 265 shares during the period. Kentucky Retirement Systems bought a new position in shares of AutoZone in the third quarter worth approximately $1,343,000. Finally, Teachers Advisors LLC boosted its position in shares of AutoZone by 5.4% in the third quarter. Teachers Advisors LLC now owns 41,373 shares of the company’s stock worth $32,093,000 after purchasing an additional 2,126 shares during the period. 95.22% of the stock is owned by institutional investors and hedge funds.

AZO stock opened at $1,033.55 on Monday. The stock has a market capitalization of $25.72 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.39 and a beta of 0.69. AutoZone, Inc. has a 12 month low of $597.00 and a 12 month high of $1,074.67.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, February 26th. The company reported $11.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $9.97 by $1.52. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.45 billion. AutoZone had a net margin of 12.49% and a negative return on equity of 98.24%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $8.47 EPS. As a group, analysts forecast that AutoZone, Inc. will post 61.74 earnings per share for the current fiscal year.

A number of research firms have weighed in on AZO. Zacks Investment Research lowered shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. Credit Suisse Group set a $1,131.00 price target on shares of AutoZone and gave the stock a “positive” rating in a research report on Tuesday, April 23rd. They noted that the move was a valuation call. JPMorgan Chase & Co. upped their target price on shares of AutoZone from $995.00 to $1,126.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Barclays restated an “overweight” rating and set a $1,050.00 target price (up previously from $950.00) on shares of AutoZone in a research report on Wednesday, February 27th. Finally, Citigroup assumed coverage on shares of AutoZone in a research report on Monday, April 1st. They set a “buy” rating and a $1,206.00 target price for the company. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $964.89.

In other AutoZone news, VP Albert Saltiel sold 2,150 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $912.11, for a total transaction of $1,961,036.50. Following the transaction, the vice president now owns 2,308 shares of the company’s stock, valued at approximately $2,105,149.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Earl G. Graves, Jr. sold 250 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $1,038.68, for a total transaction of $259,670.00. Following the transaction, the director now directly owns 4,357 shares in the company, valued at approximately $4,525,528.76. The disclosure for this sale can be found here. Insiders sold a total of 10,640 shares of company stock worth $10,370,907 in the last ninety days. 2.80% of the stock is currently owned by insiders.

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AutoZone Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.

See Also: Cost of Capital

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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