BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 1,481 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 13.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 9,826 shares of the specialty retailer's stock after selling 1,481 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in O'Reilly Automotive were worth $11,316,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cetera Advisors LLC boosted its stake in shares of O'Reilly Automotive by 10.7% in the first quarter. Cetera Advisors LLC now owns 1,953 shares of the specialty retailer's stock valued at $2,205,000 after purchasing an additional 189 shares during the period. Marcum Wealth LLC increased its position in shares of O'Reilly Automotive by 5.1% during the second quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer's stock worth $218,000 after acquiring an additional 10 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of O'Reilly Automotive in the second quarter valued at $90,000. Mather Group LLC. raised its stake in shares of O'Reilly Automotive by 9.8% in the second quarter. Mather Group LLC. now owns 729 shares of the specialty retailer's stock valued at $823,000 after acquiring an additional 65 shares in the last quarter. Finally, Fulton Bank N.A. boosted its holdings in O'Reilly Automotive by 2.5% in the second quarter. Fulton Bank N.A. now owns 1,992 shares of the specialty retailer's stock valued at $2,104,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 85.00% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays increased their price target on O'Reilly Automotive from $986.00 to $1,088.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Bank of America raised their target price on shares of O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their price target on shares of O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Roth Capital upgraded shares of O'Reilly Automotive to a "strong-buy" rating in a report on Tuesday, October 15th. Finally, BNP Paribas upgraded shares of O'Reilly Automotive to a "strong-buy" rating in a research note on Friday, October 25th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,242.13.

O'Reilly Automotive Stock Up 0.3 %

Shares of NASDAQ:ORLY traded up $3.60 on Monday, reaching $1,246.82. 424,366 shares of the company's stock were exchanged, compared to its average volume of 374,233. The business's 50-day moving average is $1,191.32 and its two-hundred day moving average is $1,110.24. O'Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.40. The firm has a market capitalization of $71.98 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 2.52 and a beta of 0.92.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released 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). O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the company posted $10.72 EPS. The firm's revenue was up 3.8% on a year-over-year basis. Analysts predict that O'Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Insider Transactions at O'Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of the business's stock in a transaction on 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 directly owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the transaction, the senior vice president now directly owns 5 shares of the company's stock, valued at $6,201.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by insiders.

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.