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

Parnassus Investments LLC lowered its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,584 shares of the specialty retailer's stock after selling 3,637 shares during the period. Parnassus Investments LLC owned 0.15% of O'Reilly Automotive worth $97,407,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank Pictet & Cie Asia Ltd. bought a new position in O'Reilly Automotive in the 2nd quarter valued at about $800,000. Handelsbanken Fonder AB raised its position in O'Reilly Automotive by 2.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer's stock valued at $34,507,000 after buying an additional 727 shares during the last quarter. Assetmark Inc. lifted its stake in O'Reilly Automotive by 20.8% during the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer's stock valued at $21,396,000 after acquiring an additional 3,193 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of O'Reilly Automotive by 90.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer's stock worth $15,458,000 after acquiring an additional 6,954 shares in the last quarter. Finally, Marshfield Associates lifted its position in shares of O'Reilly Automotive by 0.6% during the second quarter. Marshfield Associates now owns 302,886 shares of the specialty retailer's stock valued at $319,866,000 after purchasing an additional 1,718 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Price Performance

NASDAQ:ORLY traded down $16.08 during trading hours on Tuesday, hitting $1,200.59. The stock had a trading volume of 222,596 shares, compared to its average volume of 374,724. The company has a 50 day simple moving average of $1,172.69 and a two-hundred day simple moving average of $1,096.96. The firm has a market capitalization of $69.31 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 2.46 and a beta of 0.92. O'Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,255.30.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS 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 for the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the previous year, the firm earned $10.72 earnings per share. O'Reilly Automotive's quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts anticipate that O'Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of O'Reilly Automotive stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ORLY has been the subject of several analyst reports. Wedbush reiterated a "neutral" rating and issued a $1,200.00 price objective on shares of O'Reilly Automotive in a research note on Thursday, October 24th. TD Cowen upped their price objective on O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Roth Mkm reissued a "buy" rating and issued a $1,337.00 price target on shares of O'Reilly Automotive in a report on Wednesday, October 16th. Bank of America lifted their price objective on shares of O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Finally, Barclays lifted their price target on shares of O'Reilly Automotive from $986.00 to $1,088.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,242.13.

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.