Victory Capital Management Inc. Has $104.24 Million Stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Victory Capital Management Inc. decreased its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 11.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,513 shares of the specialty retailer's stock after selling 11,722 shares during the period. Victory Capital Management Inc. owned 0.16% of O'Reilly Automotive worth $104,235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank Pictet & Cie Asia Ltd. acquired a new position in shares of O'Reilly Automotive during the 2nd quarter worth approximately $800,000. Handelsbanken Fonder AB lifted its holdings in shares of O'Reilly Automotive by 2.5% during the third quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer's stock worth $34,507,000 after purchasing an additional 727 shares during the period. Assetmark Inc. grew its position in shares of O'Reilly Automotive by 20.8% in the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer's stock valued at $21,396,000 after buying an additional 3,193 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in O'Reilly Automotive by 5.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer's stock valued at $16,723,000 after purchasing an additional 701 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in O'Reilly Automotive by 90.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer's stock valued at $15,458,000 after buying an additional 6,954 shares during the period. Institutional investors and hedge funds own 85.00% of the company's stock.

Insider Buying and Selling

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David E. Oreilly sold 1,000 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the transaction, the chairman now owns 183,583 shares in the company, valued at $205,407,347.04. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,322 shares of company stock valued at $18,280,698. 1.55% of the stock is owned by company insiders.

O'Reilly Automotive Trading Down 1.2 %

NASDAQ:ORLY traded down $14.38 on Thursday, hitting $1,224.40. 407,075 shares of the stock were exchanged, compared to its average volume of 374,994. The stock has a fifty day moving average of $1,167.21 and a 200-day moving average of $1,092.14. O'Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.30. The stock has a market cap of $70.68 billion, a PE ratio of 31.05, a PEG ratio of 2.51 and a beta of 0.92.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results 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). The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O'Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.72 EPS. As a group, analysts predict that O'Reilly Automotive, Inc. will post 40.81 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ORLY shares. TD Cowen increased their price objective on shares of O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Morgan Stanley raised their target price on shares of O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. DA Davidson reiterated a "buy" rating and issued a $1,275.00 price objective on shares of O'Reilly Automotive in a research report on Thursday, October 24th. Bank of America upped their price objective on shares of O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada lifted their price target on shares of O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, O'Reilly Automotive has an average rating of "Moderate Buy" and a consensus price target 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.