M&T Bank Corp raised its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 83.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,174 shares of the company's stock after purchasing an additional 1,443 shares during the period. M&T Bank Corp's holdings in AutoZone were worth $9,998,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Raymond James Trust N.A. lifted its stake in AutoZone by 1.2% in the second quarter. Raymond James Trust N.A. now owns 569 shares of the company's stock valued at $1,687,000 after buying an additional 7 shares during the period. Atomi Financial Group Inc. raised its position in shares of AutoZone by 5.7% in the 2nd quarter. Atomi Financial Group Inc. now owns 92 shares of the company's stock valued at $273,000 after acquiring an additional 5 shares during the period. Conning Inc. boosted its stake in AutoZone by 4.3% during the 2nd quarter. Conning Inc. now owns 98 shares of the company's stock worth $290,000 after acquiring an additional 4 shares during the last quarter. Lester Murray Antman dba SimplyRich grew its holdings in AutoZone by 4.5% during the second quarter. Lester Murray Antman dba SimplyRich now owns 116 shares of the company's stock valued at $343,000 after purchasing an additional 5 shares during the period. Finally, Rosenberg Matthew Hamilton increased its stake in AutoZone by 17.0% in the second quarter. Rosenberg Matthew Hamilton now owns 62 shares of the company's stock valued at $176,000 after purchasing an additional 9 shares in the last quarter. Institutional investors own 92.74% of the company's stock.
Shares of AutoZone stock opened at $3,253.47 on Monday. The stock has a market cap of $55.00 billion, a P/E ratio of 21.74, a P/E/G ratio of 1.73 and a beta of 0.71. AutoZone, Inc. has a 12-month low of $2,510.00 and a 12-month high of $3,416.71. The business's 50 day moving average is $3,171.99 and its 200-day moving average is $3,084.67.
AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the company posted $32.55 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts expect that AutoZone, Inc. will post 154.29 EPS for the current year.
Several brokerages have recently issued reports on AZO. Wells Fargo & Company boosted their price target on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Redburn Atlantic raised AutoZone to a "strong-buy" rating in a research note on Tuesday, October 1st. Truist Financial raised their price target on AutoZone from $3,501.00 to $3,753.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. BNP Paribas upgraded AutoZone to a "strong-buy" rating in a research report on Wednesday, September 25th. Finally, DA Davidson restated a "neutral" rating and set a $3,025.00 target price on shares of AutoZone in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $3,384.89.
Get Our Latest Stock Report on AZO
In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the company's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the sale, the vice president now owns 1,218 shares in the company, valued at $3,785,166.42. This represents a 56.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman William C. Rhodes III sold 300 shares of AutoZone stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total value of $922,560.00. Following the transaction, the chairman now owns 13,857 shares of the company's stock, valued at $42,613,046.40. This represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,880 shares of company stock worth $46,225,660. Insiders own 2.10% of the company's stock.
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.
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