Fernwood Investment Management LLC decreased its position in O’Reilly Automotive Inc (NASDAQ:ORLY) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,940 shares of the specialty retailer’s stock after selling 100 shares during the period. Fernwood Investment Management LLC’s holdings in O’Reilly Automotive were worth $716,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. lifted its stake in O’Reilly Automotive by 0.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 28,358 shares of the specialty retailer’s stock valued at $10,473,000 after acquiring an additional 184 shares during the period. Twin Capital Management Inc. bought a new position in O’Reilly Automotive during the 2nd quarter valued at about $2,668,000. TRUE Private Wealth Advisors bought a new position in O’Reilly Automotive during the 2nd quarter valued at about $46,000. Ardevora Asset Management LLP lifted its stake in O’Reilly Automotive by 7.3% during the 2nd quarter. Ardevora Asset Management LLP now owns 83,747 shares of the specialty retailer’s stock valued at $30,929,000 after acquiring an additional 5,700 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in O’Reilly Automotive by 98.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 26,443 shares of the specialty retailer’s stock valued at $9,821,000 after acquiring an additional 13,142 shares during the period. Institutional investors own 85.49% of the company’s stock.
ORLY has been the topic of several research analyst reports. Goldman Sachs Group initiated coverage on shares of O’Reilly Automotive in a research note on Thursday, July 11th. They set a “buy” rating and a $440.00 target price on the stock. ValuEngine cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BidaskClub upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Stephens lowered their target price on shares of O’Reilly Automotive from $440.00 to $430.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. Finally, Zacks Investment Research cut shares of O’Reilly Automotive from a “hold” rating to a “sell” rating and set a $427.00 target price on the stock. in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $410.00.
In related news, Director John Raymond Murphy sold 528 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $361.05, for a total value of $190,634.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jason Lee Tarrant sold 651 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $370.69, for a total transaction of $241,319.19. Following the completion of the sale, the senior vice president now directly owns 1,941 shares of the company’s stock, valued at $719,509.29. The disclosure for this sale can be found here. Insiders sold a total of 1,301 shares of company stock valued at $479,036 over the last three months. 2.52% of the stock is currently owned by insiders.
O’Reilly Automotive stock traded up $2.29 during midday trading on Thursday, hitting $371.72. The stock had a trading volume of 21,223 shares, compared to its average volume of 696,300. The stock has a fifty day moving average of $383.90. The stock has a market capitalization of $28.37 billion, a P/E ratio of 23.15, a PEG ratio of 1.50 and a beta of 0.73. O’Reilly Automotive Inc has a 52-week low of $314.14 and a 52-week high of $414.63. The company has a quick ratio of 0.10, a current ratio of 0.85 and a debt-to-equity ratio of 37.43.
O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 24th. The specialty retailer reported $4.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.67 by ($0.16). The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.61 billion. O’Reilly Automotive had a return on equity of 391.89% and a net margin of 13.69%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $4.28 earnings per share. On average, equities research analysts anticipate that O’Reilly Automotive Inc will post 17.54 EPS for the current year.
O’Reilly Automotive Company Profile
O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.
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