O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP lowered its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 3.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,143 shares of the specialty retailer's stock after selling 823 shares during the quarter. O'Reilly Automotive accounts for about 3.6% of L. Roy Papp & Associates LLP's investment portfolio, making the stock its 5th biggest holding. L. Roy Papp & Associates LLP's holdings in O'Reilly Automotive were worth $30,106,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ORLY. Vanguard Group Inc. raised its position in shares of O'Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer's stock worth $5,739,462,000 after purchasing an additional 75,837 shares during the period. Principal Financial Group Inc. raised its holdings in O'Reilly Automotive by 3.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer's stock worth $1,954,404,000 after buying an additional 57,194 shares during the period. Bank of New York Mellon Corp raised its holdings in O'Reilly Automotive by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer's stock worth $1,505,649,000 after buying an additional 19,211 shares during the period. JPMorgan Chase & Co. lifted its stake in 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. Finally, International Assets Investment Management LLC boosted its holdings 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 during the period. Institutional investors own 85.00% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Roth Capital upgraded shares of O'Reilly Automotive to a "strong-buy" rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price target on O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. TD Cowen upped their price objective on O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a "buy" rating in a research report on Friday. Morgan Stanley increased their price objective on O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Royal Bank of Canada boosted their target price on O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an "outperform" rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,242.13.

Insider Buying and Selling

In other O'Reilly Automotive news, Director Gregory D. Johnson sold 15,364 shares of the company's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the transaction, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Gregory D. Johnson sold 15,364 shares of the business's stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the sale, the director now owns 5,016 shares in the company, valued at $5,698,978.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Gregory L. Henslee sold 18,264 shares of the company's stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the transaction, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is owned by insiders.

O'Reilly Automotive Trading Down 0.4 %

Shares of ORLY traded down $4.55 during midday trading on Friday, reaching $1,195.22. The stock had a trading volume of 238,279 shares, compared to its average volume of 374,296. The firm has a market cap of $70.39 billion, a PE ratio of 30.34, a P/E/G ratio of 2.29 and a beta of 0.92. The firm has a 50 day simple moving average of $1,150.51 and a 200-day simple moving average of $1,081.90. O'Reilly Automotive, Inc. has a one year low of $895.88 and a one year high of $1,221.18.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts' consensus estimates of $11.53 by ($0.12). The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O'Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $10.72 EPS. As a group, research analysts forecast that O'Reilly Automotive, Inc. will post 41.05 EPS for the current fiscal year.

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.