King Luther Capital Management Corp Sells 1,885 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

King Luther Capital Management Corp lessened its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 144,236 shares of the specialty retailer's stock after selling 1,885 shares during the period. King Luther Capital Management Corp owned about 0.25% of O'Reilly Automotive worth $171,035,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fiera Capital Corp boosted its position in O'Reilly Automotive by 6.9% during the third quarter. Fiera Capital Corp now owns 419 shares of the specialty retailer's stock worth $483,000 after purchasing an additional 27 shares during the period. SpiderRock Advisors LLC bought a new position in shares of O'Reilly Automotive in the third quarter valued at approximately $1,225,000. Bridges Investment Management Inc. bought a new position in shares of O'Reilly Automotive in the third quarter valued at approximately $219,000. Mesirow Financial Investment Management Inc. boosted its position in shares of O'Reilly Automotive by 7.7% in the third quarter. Mesirow Financial Investment Management Inc. now owns 322 shares of the specialty retailer's stock valued at $371,000 after acquiring an additional 23 shares during the period. Finally, Sigma Planning Corp boosted its position in shares of O'Reilly Automotive by 14.5% in the third quarter. Sigma Planning Corp now owns 1,090 shares of the specialty retailer's stock valued at $1,255,000 after acquiring an additional 138 shares during the period. Hedge funds and other institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Price Performance

ORLY stock traded up $37.92 during trading on Friday, hitting $1,327.41. 318,274 shares of the stock traded hands, compared to its average volume of 349,130. O'Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,389.05. The firm's 50 day moving average is $1,288.56 and its two-hundred day moving average is $1,222.68. The stock has a market cap of $76.02 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91.

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O'Reilly Automotive's stock is set to split on the morning of Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly issued shares will be issued to shareholders after the market closes on Monday, June 9th.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.73 by $0.23. O'Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. As a group, analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ORLY shares. DA Davidson raised their price objective on shares of O'Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Royal Bank of Canada raised their price objective on shares of O'Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Guggenheim reiterated a "buy" rating and set a $1,475.00 target price on shares of O'Reilly Automotive in a research report on Monday. BMO Capital Markets lifted their price target on shares of O'Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company lifted their price target on shares of O'Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $1,390.81.

Insiders Place Their Bets

In related news, EVP Jason Lee Tarrant sold 1,992 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $1,339.10, for a total value of $2,667,487.20. Following the completion of the transaction, the executive vice president now directly owns 1,398 shares of the company's stock, valued at approximately $1,872,061.80. This trade represents a 58.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Gregory L. Henslee sold 3,073 shares of O'Reilly Automotive stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total transaction of $4,041,455.95. Following the transaction, the chairman now directly owns 11,397 shares of the company's stock, valued at $14,988,764.55. The trade was a 21.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,894 shares of company stock worth $10,409,618. Company insiders own 1.18% of the company's stock.

About O'Reilly Automotive

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.