Nordea Investment Management AB Boosts Stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Nordea Investment Management AB lifted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 3.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,057 shares of the specialty retailer's stock after purchasing an additional 2,214 shares during the quarter. Nordea Investment Management AB owned 0.10% of O'Reilly Automotive worth $68,327,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rise Advisors LLC bought a new position in shares of O'Reilly Automotive in the 1st quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. acquired a new stake in O'Reilly Automotive in the 1st quarter valued at $37,000. Indiana Trust & Investment Management CO boosted its stake in O'Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer's stock worth $38,000 after purchasing an additional 26 shares in the last quarter. Riverview Trust Co acquired a new position in O'Reilly Automotive in the first quarter worth $41,000. Finally, LifeSteps Financial Inc. acquired a new position in O'Reilly Automotive in the first quarter worth $45,000. Institutional investors and hedge funds own 85.00% of the company's stock.

Insider Activity at O'Reilly Automotive

In other O'Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of O'Reilly Automotive stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Lawrence P. Oreilly sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the transaction, the director now owns 31,613 shares in the company, valued at approximately $30,016,543.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brad W. Beckham sold 6,032 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the transaction, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on ORLY shares. StockNews.com cut O'Reilly Automotive from a "buy" rating to a "hold" rating in a research note on Friday, May 3rd. Evercore ISI lowered their target price on O'Reilly Automotive from $1,275.00 to $1,250.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 2nd. Wedbush reiterated a "neutral" rating and set a $1,100.00 target price on shares of O'Reilly Automotive in a research note on Thursday, April 25th. UBS Group raised their price objective on O'Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a "buy" rating in a research note on Wednesday, April 17th. Finally, Mizuho began coverage on O'Reilly Automotive in a report on Tuesday, March 19th. They issued a "buy" rating and a $1,225.00 target price on the stock. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,116.93.

O'Reilly Automotive Trading Down 0.7 %

O'Reilly Automotive stock traded down $7.17 during midday trading on Tuesday, reaching $1,015.62. The stock had a trading volume of 239,345 shares, compared to its average volume of 396,087. O'Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The company has a market capitalization of $59.81 billion, a P/E ratio of 25.96, a PEG ratio of 1.89 and a beta of 0.92. The company has a fifty day moving average price of $1,011.66 and a two-hundred day moving average price of $1,037.14.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, beating analysts' consensus estimates of $9.18 by $0.02. O'Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period in the previous year, the company posted $8.28 EPS. The firm's revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts predict that O'Reilly Automotive, Inc. will post 41.86 earnings per share 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.