Thomas Story & Son LLC lowered its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 6.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,859 shares of the specialty retailer's stock after selling 731 shares during the period. O'Reilly Automotive accounts for approximately 4.6% of Thomas Story & Son LLC's holdings, making the stock its 5th biggest holding. Thomas Story & Son LLC's holdings in O'Reilly Automotive were worth $11,354,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of ORLY. International Assets Investment Management LLC grew its holdings in 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 buying an additional 853,633 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 acquiring an additional 376,167 shares in the last quarter. CCLA Investment Management purchased a new position in O'Reilly Automotive in the first quarter valued at about $95,481,000. Marshall Wace LLP grew its stake in O'Reilly Automotive by 809.8% in the second quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer's stock valued at $96,078,000 after purchasing an additional 80,978 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake 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 acquiring an additional 75,837 shares during the last quarter. Institutional investors own 85.00% of the company's stock.
O'Reilly Automotive Price Performance
ORLY traded up $3.19 during midday trading on Friday, reaching $1,217.70. 313,310 shares of the company's stock traded hands, compared to its average volume of 333,266. O'Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,239.65. The stock has a market capitalization of $70.64 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 2.51 and a beta of 0.92. The firm has a fifty day moving average of $1,161.22 and a two-hundred day moving average of $1,088.58.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $11.53 by ($0.12). The firm had revenue of $4.36 billion during 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 business's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned $10.72 earnings per share. Sell-side analysts forecast that O'Reilly Automotive, Inc. will post 40.82 EPS for the current year.
Insider Activity
In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other O'Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman David E. Oreilly sold 1,000 shares of O'Reilly Automotive stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the sale, the chairman now directly owns 183,583 shares in the company, valued at approximately $205,407,347.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,322 shares of company stock valued at $18,280,698. 1.55% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Roth Capital raised O'Reilly Automotive to a "strong-buy" rating in a report on Tuesday, October 15th. DA Davidson reiterated a "buy" rating and set a $1,275.00 price target on shares of O'Reilly Automotive in a report on Thursday, October 24th. BNP Paribas raised O'Reilly Automotive to a "strong-buy" rating in a research report on Friday, October 25th. Evercore ISI raised their target price on O'Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an "outperform" rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley raised 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 note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,242.13.
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O'Reilly Automotive Profile
(
Free Report)
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.
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