Simmons Bank lowered its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,762 shares of the specialty retailer’s stock after selling 1,682 shares during the period. O’Reilly Automotive accounts for about 5.8% of Simmons Bank’s holdings, making the stock its 3rd largest position. Simmons Bank owned 0.21% of O’Reilly Automotive worth $52,554,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of ORLY. Norges Bank bought a new position in O’Reilly Automotive during the fourth quarter worth about $227,907,000. TIAA CREF Investment Management LLC raised its position in O’Reilly Automotive by 117.2% in the first quarter. TIAA CREF Investment Management LLC now owns 825,717 shares of the specialty retailer’s stock worth $222,811,000 after buying an additional 445,609 shares in the last quarter. Alliancebernstein L.P. raised its position in O’Reilly Automotive by 109.1% in the first quarter. Alliancebernstein L.P. now owns 792,138 shares of the specialty retailer’s stock worth $213,751,000 after buying an additional 413,385 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in O’Reilly Automotive by 85.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 894,128 shares of the specialty retailer’s stock worth $248,933,000 after buying an additional 411,530 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in O’Reilly Automotive by 31.9% in the fourth quarter. William Blair Investment Management LLC now owns 813,748 shares of the specialty retailer’s stock worth $226,556,000 after buying an additional 196,938 shares in the last quarter. 92.20% of the stock is currently owned by institutional investors.
Shares of O’Reilly Automotive, Inc. (ORLY) traded down 2.042% during mid-day trading on Tuesday, hitting $225.675. 1,078,571 shares of the stock traded hands. O’Reilly Automotive, Inc. has a 52 week low of $220.31 and a 52 week high of $292.84. The stock has a 50-day moving average of $244.44 and a 200-day moving average of $263.60. The company has a market cap of $20.54 billion, a price-to-earnings ratio of 20.572 and a beta of 0.64.
O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.88 by $0.28. O’Reilly Automotive had a return on equity of 61.79% and a net margin of 12.10%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the company earned $2.59 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Analysts anticipate that O’Reilly Automotive, Inc. will post $12.26 EPS for the current year.
ORLY has been the topic of a number of research reports. Zacks Investment Research raised O’Reilly Automotive from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Stephens set a $315.00 price target on O’Reilly Automotive and gave the stock a “buy” rating in a report on Friday, April 28th. Atlantic Securities raised O’Reilly Automotive to an “overweight” rating and set a $307.00 price objective on the stock in a report on Friday, April 7th. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. set a $300.00 price objective on O’Reilly Automotive and gave the company a “buy” rating in a report on Thursday, April 27th. Finally, Cleveland Research lowered O’Reilly Automotive from a “buy” rating to a “neutral” rating in a report on Monday, April 3rd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. O’Reilly Automotive presently has an average rating of “Hold” and a consensus target price of $300.89.
In other O’Reilly Automotive news, Chairman David E. Oreilly sold 25,000 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $250.56, for a total value of $6,264,000.00. Following the completion of the sale, the chairman now owns 145,568 shares in the company, valued at approximately $36,473,518.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Raymond Murphy sold 600 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $246.77, for a total transaction of $148,062.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,600 shares of company stock valued at $10,537,062. Insiders own 3.12% of the company’s stock.
About O’Reilly Automotive
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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