Bank of Montreal Can raised its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 44.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,444 shares of the company’s stock after acquiring an additional 46,222 shares during the quarter. Bank of Montreal Can owned approximately 0.59% of AutoZone worth $125,285,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of AZO. Renaissance Technologies LLC raised its holdings in AutoZone by 3,482.1% during the third quarter. Renaissance Technologies LLC now owns 100,300 shares of the company’s stock valued at $77,803,000 after acquiring an additional 97,500 shares during the period. JPMorgan Chase & Co. raised its holdings in AutoZone by 4.4% during the third quarter. JPMorgan Chase & Co. now owns 2,034,551 shares of the company’s stock valued at $1,578,202,000 after acquiring an additional 84,961 shares during the period. Advisors Asset Management Inc. raised its holdings in AutoZone by 4,470.7% during the second quarter. Advisors Asset Management Inc. now owns 82,593 shares of the company’s stock valued at $1,287,000 after acquiring an additional 80,786 shares during the period. Clearbridge Investments LLC raised its holdings in AutoZone by 74.7% during the third quarter. Clearbridge Investments LLC now owns 187,749 shares of the company’s stock valued at $145,637,000 after acquiring an additional 80,296 shares during the period. Finally, Eagle Asset Management Inc. bought a new stake in AutoZone during the third quarter valued at about $60,188,000. 88.94% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Richard Craig Smith sold 1,500 shares of AutoZone stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $840.00, for a total value of $1,260,000.00. Following the completion of the transaction, the insider now owns 4,500 shares in the company, valued at $3,780,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ronald B. Griffin sold 21,000 shares of AutoZone stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $844.93, for a total value of $17,743,530.00. Following the completion of the transaction, the insider now owns 21,377 shares of the company’s stock, valued at approximately $18,062,068.61. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,790 shares of company stock valued at $40,211,001. 2.80% of the stock is currently owned by company insiders.
AZO opened at $891.36 on Thursday. The stock has a market capitalization of $22.52 billion, a P/E ratio of 17.71, a P/E/G ratio of 1.22 and a beta of 0.68. AutoZone, Inc. has a 12 month low of $590.76 and a 12 month high of $899.99.
AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, December 4th. The company reported $13.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $12.21 by $1.26. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. AutoZone had a negative return on equity of 102.31% and a net margin of 12.49%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $10.00 earnings per share. As a group, analysts expect that AutoZone, Inc. will post 59.7 EPS for the current year.
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.
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