Commerce Bank Reduces Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Commerce Bank reduced its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,790 shares of the specialty retailer's stock after selling 785 shares during the period. Commerce Bank's holdings in O'Reilly Automotive were worth $25,093,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Seven Eight Capital LP increased its position in shares of O'Reilly Automotive by 40.4% in the first quarter. Seven Eight Capital LP now owns 382 shares of the specialty retailer's stock worth $431,000 after acquiring an additional 110 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of O'Reilly Automotive in the first quarter valued at $43,000. CreativeOne Wealth LLC boosted its position in shares of O'Reilly Automotive by 249.6% in the first quarter. CreativeOne Wealth LLC now owns 1,388 shares of the specialty retailer's stock worth $1,567,000 after buying an additional 991 shares during the period. Wellington Wealth Strategies LLC. purchased a new position in shares of O'Reilly Automotive during the first quarter valued at $227,000. Finally, EP Wealth Advisors LLC raised its position in O'Reilly Automotive by 1.6% during the first quarter. EP Wealth Advisors LLC now owns 1,270 shares of the specialty retailer's stock valued at $1,434,000 after buying an additional 20 shares during the period. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Stock Down 1.0 %

Shares of NASDAQ:ORLY opened at $1,188.87 on Thursday. The stock has a market cap of $68.63 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 2.44 and a beta of 0.92. The business's 50 day moving average is $1,175.63 and its 200 day moving average is $1,098.92. O'Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,255.30.

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

Insider Buying and Selling at O'Reilly Automotive

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the company's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.55% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ORLY. Barclays boosted their target price on O'Reilly Automotive from $986.00 to $1,088.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their price target on O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their price target on O'Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. TD Cowen raised their price objective on shares of O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, BNP Paribas raised O'Reilly Automotive to a "strong-buy" rating in a report on Friday, October 25th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,242.13.

O'Reilly Automotive Company 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.