O’Reilly Automotive Inc (NASDAQ:ORLY) Shares Sold by Eagle Ridge Investment Management

Eagle Ridge Investment Management lessened its holdings in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 0.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 70,772 shares of the specialty retailer’s stock after selling 457 shares during the quarter. O’Reilly Automotive comprises approximately 3.8% of Eagle Ridge Investment Management’s holdings, making the stock its 3rd largest position. Eagle Ridge Investment Management’s holdings in O’Reilly Automotive were worth $26,138,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cobiz Wealth LLC boosted its position in O’Reilly Automotive by 2.8% during the 1st quarter. Cobiz Wealth LLC now owns 22,395 shares of the specialty retailer’s stock worth $8,696,000 after acquiring an additional 606 shares during the period. Sigma Planning Corp boosted its position in O’Reilly Automotive by 43.3% during the 1st quarter. Sigma Planning Corp now owns 874 shares of the specialty retailer’s stock worth $339,000 after acquiring an additional 264 shares during the period. McKinley Carter Wealth Services Inc. boosted its position in O’Reilly Automotive by 6.4% during the 1st quarter. McKinley Carter Wealth Services Inc. now owns 10,250 shares of the specialty retailer’s stock worth $3,980,000 after acquiring an additional 614 shares during the period. Deane Retirement Strategies Inc. boosted its position in O’Reilly Automotive by 1.3% during the 2nd quarter. Deane Retirement Strategies Inc. now owns 5,524 shares of the specialty retailer’s stock worth $2,040,000 after acquiring an additional 73 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in O’Reilly Automotive by 4.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,582 shares of the specialty retailer’s stock worth $1,779,000 after acquiring an additional 212 shares during the period. Institutional investors own 85.49% of the company’s stock.

In related news, SVP Jeffrey Alan Lauro bought 150 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $368.33 per share, with a total value of $55,249.50. Following the completion of the transaction, the senior vice president now directly owns 422 shares of the company’s stock, valued at $155,435.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Raymond Murphy sold 528 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $361.05, for a total value of $190,634.40. The disclosure for this sale can be found here. Insiders have sold 1,301 shares of company stock worth $479,036 over the last ninety days. 2.52% of the stock is owned by insiders.

Shares of ORLY traded up $4.03 during midday trading on Thursday, reaching $373.46. The stock had a trading volume of 17,442 shares, compared to its average volume of 696,300. The firm has a 50 day moving average of $383.90. The firm has a market cap of $28.37 billion, a P/E ratio of 23.15, a P/E/G ratio of 1.50 and a beta of 0.73. 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 Inc has a 52 week low of $314.14 and a 52 week high of $414.63.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $4.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.16). The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.61 billion. O’Reilly Automotive had a return on equity of 391.89% and a net margin of 13.69%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $4.28 earnings per share. Sell-side analysts expect that O’Reilly Automotive Inc will post 17.54 earnings per share for the current year.

A number of research analysts have issued reports on ORLY shares. Raymond James boosted their price target on O’Reilly Automotive from $435.00 to $460.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Goldman Sachs Group started coverage on O’Reilly Automotive in a research report on Thursday, July 11th. They set a “buy” rating and a $440.00 price target for the company. Wells Fargo & Co boosted their price target on O’Reilly Automotive from $415.00 to $445.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. ValuEngine lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Stephens reduced their price target on O’Reilly Automotive from $440.00 to $430.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $410.00.

O’Reilly Automotive 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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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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