Crossmark Global Holdings Inc. Sells 179 Shares of AutoZone, Inc. (NYSE:AZO)

Crossmark Global Holdings Inc. cut its holdings in AutoZone, Inc. (NYSE:AZO) by 25.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 529 shares of the company’s stock after selling 179 shares during the period. Crossmark Global Holdings Inc.’s holdings in AutoZone were worth $1,666,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Axxcess Wealth Management LLC increased its stake in AutoZone by 1.5% in the third quarter. Axxcess Wealth Management LLC now owns 267 shares of the company’s stock valued at $841,000 after acquiring an additional 4 shares during the last quarter. Bridges Investment Management Inc. raised its holdings in shares of AutoZone by 4,503.8% during the 3rd quarter. Bridges Investment Management Inc. now owns 7,274 shares of the company’s stock valued at $22,913,000 after buying an additional 7,116 shares in the last quarter. Assetmark Inc. lifted its position in AutoZone by 2.1% in the 3rd quarter. Assetmark Inc. now owns 1,697 shares of the company’s stock worth $5,344,000 after buying an additional 35 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of AutoZone by 1.9% during the third quarter. Verdence Capital Advisors LLC now owns 2,127 shares of the company’s stock worth $6,700,000 after acquiring an additional 40 shares in the last quarter. Finally, Townsend & Associates Inc lifted its holdings in shares of AutoZone by 2.8% in the 3rd quarter. Townsend & Associates Inc now owns 4,490 shares of the company’s stock worth $14,351,000 after acquiring an additional 121 shares during the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AutoZone news, Chairman William C. Rhodes III sold 13,000 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the sale, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other AutoZone news, Chairman William C. Rhodes III sold 300 shares of AutoZone stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the sale, the chairman now owns 13,857 shares of the company’s stock, valued at $42,613,046.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman William C. Rhodes III sold 13,000 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the sale, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,880 shares of company stock valued at $46,225,660. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on AZO shares. Evercore ISI boosted their price target on shares of AutoZone from $3,300.00 to $3,350.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group cut AutoZone from a “buy” rating to a “sell” rating and decreased their price target for the stock from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. Redburn Atlantic upgraded shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 1st. UBS Group increased their price target on shares of AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, BNP Paribas upgraded shares of AutoZone to a “strong-buy” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $3,202.71.

AutoZone Price Performance

NYSE:AZO opened at $3,161.87 on Thursday. The firm has a market cap of $53.44 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.61 and a beta of 0.71. The company has a 50-day moving average of $3,112.53 and a 200 day moving average of $3,021.55. AutoZone, Inc. has a 1-year low of $2,510.00 and a 1-year high of $3,256.37.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). The company had revenue of $6.21 billion for the quarter, compared to analysts’ expectations of $6.25 billion. AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $46.46 earnings per share. Sell-side analysts anticipate that AutoZone, Inc. will post 158.09 EPS for the current fiscal year.

About AutoZone

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.