Los Angeles Capital Management LLC decreased its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 52.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,529 shares of the specialty retailer's stock after selling 26,038 shares during the quarter. Los Angeles Capital Management LLC's holdings in O'Reilly Automotive were worth $27,096,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently 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 third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer's stock valued at $984,027,000 after buying an additional 853,633 shares in the last quarter. JPMorgan Chase & Co. grew 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 valued at $1,180,259,000 after buying an additional 376,167 shares in the last quarter. CCLA Investment Management acquired a new stake in shares of O'Reilly Automotive in the first quarter valued at $95,481,000. Marshall Wace LLP grew its stake 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 valued at $96,078,000 after buying an additional 80,978 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake 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 valued at $5,739,462,000 after buying an additional 75,837 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.
O'Reilly Automotive Stock Performance
NASDAQ ORLY traded up $10.82 during trading on Monday, reaching $1,228.52. 300,104 shares of the company's stock were exchanged, compared to its average volume of 375,600. The stock has a market cap of $71.27 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 2.47 and a beta of 0.92. The company has a 50 day moving average price of $1,161.22 and a two-hundred day moving average price of $1,088.52. O'Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,241.29.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). O'Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm had revenue of $4.36 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same period in the previous year, the firm posted $10.72 earnings per share. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. Research analysts forecast that O'Reilly Automotive, Inc. will post 40.81 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on ORLY. UBS Group dropped their price objective on 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. DA Davidson reaffirmed a "buy" rating and issued a $1,275.00 price objective on shares of O'Reilly Automotive in a research note on Thursday, October 24th. Morgan Stanley lifted their target price on O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. Royal Bank of Canada lifted their target price 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. Finally, Bank of America lifted their target price on 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. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,242.13.
Read Our Latest Stock Report on O'Reilly Automotive
Insider Activity
In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the business's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the business's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman David E. Oreilly sold 1,000 shares of the company's stock in a transaction that occurred 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 sale, the chairman now directly owns 183,583 shares of the company's stock, valued at approximately $205,407,347.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,322 shares of company stock valued at $18,280,698. Insiders own 1.55% of the company's stock.
O'Reilly Automotive Company Profile
(
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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