Franklin Resources Inc. Sells 54,116 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Franklin Resources Inc. decreased its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 628,740 shares of the specialty retailer's stock after selling 54,116 shares during the period. Franklin Resources Inc. owned 1.09% of O'Reilly Automotive worth $774,859,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new stake in O'Reilly Automotive in the third quarter valued at $32,000. Trifecta Capital Advisors LLC grew its stake in shares of O'Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock valued at $33,000 after buying an additional 23 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in O'Reilly Automotive in the 3rd quarter valued at about $37,000. Princeton Global Asset Management LLC acquired a new position in O'Reilly Automotive during the 3rd quarter worth approximately $41,000. Finally, Kings Path Partners LLC bought a new position in O'Reilly Automotive in the second quarter worth approximately $44,000. Institutional investors and hedge funds own 85.00% of the company's stock.

Analyst Ratings Changes

ORLY has been the subject of several recent research reports. Royal Bank of Canada boosted their price objective on O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an "outperform" rating in a report on Friday, October 25th. TD Cowen boosted their price target on shares of O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Morgan Stanley raised their price objective on shares of O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Roth Capital raised shares of O'Reilly Automotive to a "strong-buy" rating in a research report on Tuesday, October 15th. Finally, Bank of America raised their price target on shares of O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,257.00.

Insiders Place Their Bets

In other news, Director Andrea Weiss sold 600 shares of O'Reilly Automotive 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 transaction, the director now owns 700 shares in the company, valued at $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.55% of the company's stock.

O'Reilly Automotive Stock Up 0.1 %

ORLY traded up $0.88 during trading on Friday, hitting $1,270.60. 203,096 shares of the company traded hands, compared to its average volume of 370,439. The firm has a market cap of $73.35 billion, a P/E ratio of 31.43, a price-to-earnings-growth ratio of 2.57 and a beta of 0.93. O'Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,281.95. The stock's fifty day moving average is $1,213.13 and its 200 day moving average is $1,126.84.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts' consensus estimates of $11.53 by ($0.12). The company had revenue of $4.36 billion for 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%. The firm's revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $10.72 earnings per share. On average, equities research analysts forecast that O'Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

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.