MetLife Investment Management LLC Sells 699 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

MetLife Investment Management LLC reduced its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,510 shares of the specialty retailer's stock after selling 699 shares during the quarter. MetLife Investment Management LLC's holdings in O'Reilly Automotive were worth $20,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Darwin Wealth Management LLC bought a new position in shares of O'Reilly Automotive during the 3rd quarter valued at about $32,000. Trifecta Capital Advisors LLC grew its position in O'Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock valued at $33,000 after acquiring an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in O'Reilly Automotive during the third quarter valued at approximately $37,000. Princeton Global Asset Management LLC purchased a new position in shares of O'Reilly Automotive during the third quarter worth approximately $41,000. Finally, Kings Path Partners LLC bought a new stake in shares of O'Reilly Automotive in the 2nd quarter worth approximately $44,000. 85.00% of the stock is currently owned by institutional investors.

O'Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded down $0.21 during midday trading on Thursday, hitting $1,244.01. 214,889 shares of the company traded hands, compared to its average volume of 374,993. O'Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,255.30. The stock has a 50-day moving average price of $1,186.07 and a 200 day moving average price of $1,106.27. The firm has a market cap of $71.82 billion, a P/E ratio of 30.78, a P/E/G ratio of 2.51 and a beta of 0.92.

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 analysts' consensus estimates of $11.53 by ($0.12). The firm had revenue of $4.36 billion for the quarter, compared to analysts' expectations of $4.42 billion. O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm's revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $10.72 EPS. As a group, equities analysts expect that O'Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Andrea Weiss sold 600 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the sale, the director now directly owns 700 shares of the company's stock, valued at $856,849. The trade was a 46.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on ORLY. DA Davidson reaffirmed a "buy" rating and set a $1,275.00 target price on shares of O'Reilly Automotive in a report on Thursday, October 24th. Roth Mkm reaffirmed a "buy" rating and set a $1,337.00 price objective on shares of O'Reilly Automotive in a research note on Wednesday, October 16th. Roth Capital upgraded O'Reilly Automotive to a "strong-buy" rating in a report on Tuesday, October 15th. Royal Bank of Canada lifted their price target on O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company increased their price objective on O'Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,242.13.

O'Reilly Automotive Company 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.