Synovus Financial Corp Sells 1,520 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Synovus Financial Corp lowered its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 30.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,451 shares of the specialty retailer's stock after selling 1,520 shares during the period. Synovus Financial Corp's holdings in O'Reilly Automotive were worth $3,974,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC grew its position in shares of O'Reilly Automotive by 99,957.0% during the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer's stock valued at $984,027,000 after purchasing an additional 853,633 shares in the last quarter. Wellington Management Group LLP grew its position in O'Reilly Automotive by 73.0% during the third quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer's stock worth $1,986,874,000 after buying an additional 728,040 shares in the last quarter. Mizuho Securities USA LLC grew its position in O'Reilly Automotive by 10,626.8% during the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer's stock worth $5,393,000 after buying an additional 482,670 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of O'Reilly Automotive by 28.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer's stock valued at $692,816,000 after acquiring an additional 133,139 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of O'Reilly Automotive by 809.8% during the 2nd quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer's stock valued at $96,078,000 after acquiring an additional 80,978 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insider Buying and Selling at O'Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrea Weiss sold 600 shares of O'Reilly Automotive stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now directly owns 700 shares of the company's stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ORLY. DA Davidson reissued a "buy" rating and set a $1,275.00 price objective on shares of O'Reilly Automotive in a report on Thursday, October 24th. Wells Fargo & Company increased their price target on shares of O'Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. BMO Capital Markets began coverage on shares of O'Reilly Automotive in a report on Friday. They set an "outperform" rating and a $1,400.00 price objective for the company. Evercore ISI increased their target price on O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Finally, Morgan Stanley raised their price target on O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an "equal weight" rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,257.00.

O'Reilly Automotive Price Performance

O'Reilly Automotive stock traded up $0.88 during trading hours on Friday, reaching $1,270.60. The stock had a trading volume of 203,096 shares, compared to its average volume of 370,439. The stock has a market cap of $73.35 billion, a PE ratio of 31.43, a PEG ratio of 2.57 and a beta of 0.93. The company has a fifty day simple moving average of $1,213.13 and a 200-day simple moving average of $1,128.02. O'Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,281.95.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business had revenue of $4.36 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter last year, the business posted $10.72 EPS. The company's quarterly revenue was up 3.8% compared to the same quarter last year. Research analysts predict that O'Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

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.