Nordea Investment Management AB Cuts Stock Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Nordea Investment Management AB decreased its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 94.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,826 shares of the specialty retailer's stock after selling 93,394 shares during the period. Nordea Investment Management AB's holdings in O'Reilly Automotive were worth $6,909,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Advisor Group LLC lifted its holdings in O'Reilly Automotive by 1.1% during the 2nd quarter. Private Advisor Group LLC now owns 2,421 shares of the specialty retailer's stock valued at $2,557,000 after buying an additional 26 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of O'Reilly Automotive by 152.7% in the second quarter. Acadian Asset Management LLC now owns 2,145 shares of the specialty retailer's stock valued at $2,262,000 after purchasing an additional 1,296 shares during the period. Quest Partners LLC grew its stake in O'Reilly Automotive by 390.5% in the second quarter. Quest Partners LLC now owns 618 shares of the specialty retailer's stock worth $653,000 after purchasing an additional 492 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in O'Reilly Automotive during the 2nd quarter worth $113,000. Finally, Dorsey & Whitney Trust CO LLC raised its position in O'Reilly Automotive by 10.7% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 611 shares of the specialty retailer's stock valued at $645,000 after purchasing an additional 59 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ORLY. Morgan Stanley increased their price target on O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Barclays raised their target price on shares of O'Reilly Automotive from $1,088.00 to $1,110.00 and gave the company an "equal weight" rating in a research report on Thursday. Roth Mkm reaffirmed a "buy" rating and issued a $1,337.00 price target on shares of O'Reilly Automotive in a research report on Wednesday, October 16th. Roth Capital raised shares of O'Reilly Automotive to a "strong-buy" rating in a report on Tuesday, October 15th. Finally, Evercore ISI upped their target price on O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,270.69.

Insider Activity

In other O'Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares of the company's stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrea Weiss sold 600 shares of the stock in a transaction dated 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 in the company, valued at $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company's stock.

O'Reilly Automotive Price Performance

NASDAQ:ORLY traded down $8.14 during trading hours on Friday, hitting $1,197.60. 308,156 shares of the company were exchanged, compared to its average volume of 327,959. O'Reilly Automotive, Inc. has a 52-week low of $935.75 and a 52-week high of $1,283.96. The stock has a market capitalization of $69.14 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 2.58 and a beta of 0.94. The company's 50 day moving average price is $1,222.65 and its 200-day moving average price is $1,155.30.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $4.36 billion for the quarter, compared to analysts' expectations of $4.42 billion. O'Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. O'Reilly Automotive's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $10.72 earnings per share. On average, equities analysts predict that O'Reilly Automotive, Inc. will post 40.85 earnings per share for the current 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.