Advisory Services Network LLC lessened its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,082 shares of the specialty retailer’s stock after selling 16 shares during the quarter. Advisory Services Network LLC’s holdings in O’Reilly Automotive were worth $2,928,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of O’Reilly Automotive in the 4th quarter valued at $671,384,000. International Assets Investment Management LLC increased its holdings in O’Reilly Automotive by 89,319.3% in the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after buying an additional 652,924 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of O’Reilly Automotive in the third quarter worth about $198,365,000. Assenagon Asset Management S.A. boosted its stake in shares of O’Reilly Automotive by 269.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 216,787 shares of the specialty retailer’s stock worth $205,965,000 after acquiring an additional 158,075 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its position in shares of O’Reilly Automotive by 360,914.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 151,626 shares of the specialty retailer’s stock valued at $137,807,000 after acquiring an additional 151,584 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.
Insider Transactions at O’Reilly Automotive
In related news, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares in the company, valued at $726,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.18% of the company’s stock.
O’Reilly Automotive Stock Up 1.1 %
Shares of NASDAQ:ORLY opened at $986.96 on Monday. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The stock has a market cap of $58.12 billion, a P/E ratio of 25.05, a PEG ratio of 1.81 and a beta of 0.90. The business has a fifty day moving average of $1,069.21 and a two-hundred day moving average of $1,028.29.
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the prior year, the firm posted $8.28 earnings per share. O’Reilly Automotive’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts anticipate that O’Reilly Automotive, Inc. will post 41.93 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on ORLY shares. StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Evercore ISI lifted their price target on shares of O’Reilly Automotive from $1,255.00 to $1,275.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Wedbush reissued a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday, April 25th. Mizuho started coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective on the stock. Finally, Royal Bank of Canada boosted their target price on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average target price of $1,123.64.
Check Out Our Latest Report on O’Reilly Automotive
O’Reilly Automotive 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.
Featured Stories
- Five stocks we like better than O’Reilly Automotive
- Golden Cross Stocks: Pattern, Examples and Charts
- Norwegian Cruise Line Sets Sail on Record Bookings Raised EPS
- Want to Profit on the Downtrend? Downtrends, Explained.
- The Best EV Stock You Haven’t Considered
- Short Selling: How to Short a Stock
- MarketBeat Week in Review – 5/20 – 5/24
Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.
