Parnassus Investments LLC Cuts Stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Parnassus Investments LLC lowered its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,776 shares of the specialty retailer's stock after selling 5,808 shares during the quarter. Parnassus Investments LLC owned approximately 0.14% of O'Reilly Automotive worth $93,413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ORLY. JPL Wealth Management LLC acquired a new stake in O'Reilly Automotive during the 4th quarter worth $3,123,000. Annex Advisory Services LLC boosted its position in O'Reilly Automotive by 23.2% during the fourth quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer's stock worth $40,349,000 after acquiring an additional 6,418 shares during the last quarter. CIBC Asset Management Inc raised its holdings in O'Reilly Automotive by 4.7% in the 3rd quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer's stock valued at $22,568,000 after acquiring an additional 882 shares during the last quarter. Montecito Bank & Trust purchased a new position in O'Reilly Automotive in the 4th quarter worth approximately $365,000. Finally, Y Intercept Hong Kong Ltd boosted its holdings in shares of O'Reilly Automotive by 824.6% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 3,606 shares of the specialty retailer's stock worth $4,276,000 after purchasing an additional 3,216 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

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Insider Activity at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total value of $662,500.00. Following the transaction, the senior vice president now directly owns 275 shares in the company, valued at $364,375. This represents a 64.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brad W. Beckham sold 833 shares of O'Reilly Automotive stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total transaction of $1,082,900.00. Following the sale, the chief executive officer now owns 760 shares in the company, valued at $988,000. This represents a 52.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,894 shares of company stock valued at $10,409,618 over the last 90 days. 1.55% of the stock is owned by corporate insiders.

O'Reilly Automotive Stock Down 0.7 %

NASDAQ ORLY traded down $9.24 during trading on Tuesday, hitting $1,338.75. The stock had a trading volume of 262,068 shares, compared to its average volume of 343,819. The company has a market capitalization of $76.67 billion, a PE ratio of 32.93, a PEG ratio of 2.34 and a beta of 0.91. The firm has a 50 day moving average price of $1,293.77 and a 200 day moving average price of $1,226.88. O'Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,389.05.

O'Reilly Automotive's stock is set to split on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly created shares will be payable to shareholders after the closing bell on Monday, June 9th.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.73 by $0.23. O'Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. On average, sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ORLY. Barclays upped their target price on O'Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Guggenheim reissued a "buy" rating and set a $1,475.00 price target on shares of O'Reilly Automotive in a research report on Monday, March 10th. DA Davidson raised their price objective on shares of O'Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Wedbush increased their price target on shares of O'Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. Finally, Morgan Stanley upgraded shares of O'Reilly Automotive from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, fifteen 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 "Buy" and a consensus target price of $1,390.81.

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.