Ascent Group LLC Reduces Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Ascent Group LLC cut its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 40.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,016 shares of the specialty retailer's stock after selling 1,378 shares during the period. Ascent Group LLC's holdings in O'Reilly Automotive were worth $2,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Darwin Wealth Management LLC purchased a new stake in O'Reilly Automotive in the 3rd quarter worth $32,000. Trifecta Capital Advisors LLC lifted its position in shares of O'Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock worth $33,000 after buying an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of O'Reilly Automotive in the third quarter worth about $37,000. Princeton Global Asset Management LLC bought a new position in O'Reilly Automotive during the third quarter valued at approximately $41,000. Finally, Kings Path Partners LLC purchased a new position in O'Reilly Automotive during the 2nd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insider Activity at O'Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the transaction, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrea Weiss sold 600 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, the director now owns 700 shares of the company's stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by corporate insiders.

O'Reilly Automotive Stock Performance

ORLY traded down $3.64 during trading on Tuesday, hitting $1,243.18. 87,192 shares of the stock were exchanged, compared to its average volume of 372,975. The firm has a 50 day simple moving average of $1,191.32 and a 200 day simple moving average of $1,110.24. The firm has a market cap of $71.77 billion, a price-to-earnings ratio of 30.79, a P/E/G ratio of 2.52 and a beta of 0.93. O'Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,255.40.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). The firm had revenue of $4.36 billion for the quarter, compared to analysts' expectations of $4.42 billion. O'Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $10.72 EPS. As a group, equities analysts anticipate that O'Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. DA Davidson restated a "buy" rating and set a $1,275.00 price objective on shares of O'Reilly Automotive in a research report on Thursday, October 24th. TD Cowen increased their price target on O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a "buy" rating in a report on Friday, October 25th. Wells Fargo & Company lifted their price objective on shares of O'Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Finally, Evercore ISI increased their target price on shares of O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an "outperform" rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, O'Reilly Automotive has an average rating of "Moderate Buy" and an average price target of $1,248.06.

O'Reilly Automotive Profile

O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.