First Heartland Consultants Inc. lessened its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 38.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,245 shares of the specialty retailer's stock after selling 779 shares during the period. First Heartland Consultants Inc.'s holdings in O'Reilly Automotive were worth $1,434,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of O'Reilly Automotive by 99,957.0% in the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer's stock worth $984,027,000 after acquiring an additional 853,633 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of O'Reilly Automotive by 56.2% in the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer's stock worth $1,180,259,000 after acquiring an additional 376,167 shares during the last quarter. CCLA Investment Management acquired a new position in shares of O'Reilly Automotive during the 1st quarter worth about $95,481,000. Marshall Wace LLP raised its holdings in shares of O'Reilly Automotive by 809.8% in the second quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer's stock worth $96,078,000 after acquiring an additional 80,978 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of O'Reilly Automotive by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer's stock worth $5,739,462,000 after buying an additional 75,837 shares during the period. Institutional investors own 85.00% of the company's stock.
Wall Street Analyst Weigh In
ORLY has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target 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. UBS Group reduced their price target on shares of O'Reilly Automotive from $1,275.00 to $1,250.00 and set a "buy" rating for the company in a research note on Thursday, July 18th. Evercore ISI increased their price target on shares of O'Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an "outperform" rating in a report on Thursday, August 22nd. Barclays boosted their price objective 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. Finally, JPMorgan Chase & Co. lifted their price target on O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,242.13.
Read Our Latest Analysis on ORLY
Insider Transactions at O'Reilly Automotive
In other O'Reilly Automotive news, Chairman David E. Oreilly sold 1,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the sale, the chairman now owns 183,583 shares in the company, valued at $205,407,347.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Lawrence P. Oreilly sold 13,765 shares of the company's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the completion of the sale, the director now directly owns 141,589 shares of the company's stock, valued at $158,511,717.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David E. Oreilly sold 1,000 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the transaction, the chairman now owns 183,583 shares in the company, valued at approximately $205,407,347.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,322 shares of company stock valued at $18,280,698. Insiders own 1.55% of the company's stock.
O'Reilly Automotive Trading Up 0.7 %
Shares of ORLY traded up $8.33 during trading hours on Tuesday, reaching $1,236.85. 298,352 shares of the company's stock traded hands, compared to its average volume of 375,247. O'Reilly Automotive, Inc. has a 12 month low of $914.50 and a 12 month high of $1,244.50. The stock has a market cap of $71.74 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 2.47 and a beta of 0.92. The firm's 50 day simple moving average is $1,163.19 and its 200-day simple moving average is $1,089.75.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $4.42 billion. O'Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. O'Reilly Automotive's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $10.72 earnings per share. As a group, analysts expect that O'Reilly Automotive, Inc. will post 40.81 earnings per share for the current fiscal year.
O'Reilly Automotive Company Profile
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Free Report)
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.
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