Papp L Roy & Associates Sells 261 Shares of O’Reilly Automotive Inc (NASDAQ:ORLY)

Papp L Roy & Associates lowered its stake in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 0.8% during the third quarter, Holdings Channel reports. The fund owned 34,512 shares of the specialty retailer’s stock after selling 261 shares during the period. O’Reilly Automotive makes up approximately 2.2% of Papp L Roy & Associates’ holdings, making the stock its 13th biggest holding. Papp L Roy & Associates’ holdings in O’Reilly Automotive were worth $13,753,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. National Pension Service lifted its position in O’Reilly Automotive by 4.8% during the 2nd quarter. National Pension Service now owns 111,202 shares of the specialty retailer’s stock valued at $41,069,000 after purchasing an additional 5,141 shares during the period. Pennsylvania Trust Co acquired a new position in O’Reilly Automotive during the 3rd quarter valued at about $213,000. Deane Retirement Strategies Inc. lifted 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 valued at $2,040,000 after purchasing an additional 73 shares during the period. Profund Advisors LLC lifted its position in O’Reilly Automotive by 11.8% during the 2nd quarter. Profund Advisors LLC now owns 7,144 shares of the specialty retailer’s stock valued at $2,638,000 after purchasing an additional 753 shares during the period. Finally, Investec Asset Management North America Inc. lifted its position in O’Reilly Automotive by 24.1% during the 2nd quarter. Investec Asset Management North America Inc. now owns 4,185 shares of the specialty retailer’s stock valued at $1,546,000 after purchasing an additional 812 shares during the period. 85.86% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Jonathan Wyatt Andrews sold 6,250 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $440.51, for a total value of $2,753,187.50. Following the completion of the transaction, the senior vice president now directly owns 6,756 shares of the company’s stock, valued at $2,976,085.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Raymond Murphy sold 250 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $438.66, for a total transaction of $109,665.00. Following the completion of the transaction, the director now directly owns 14,053 shares of the company’s stock, valued at $6,164,488.98. The disclosure for this sale can be found here. Insiders sold 66,958 shares of company stock valued at $29,272,722 over the last three months. 2.52% of the stock is owned by company insiders.

A number of research analysts have issued reports on ORLY shares. Stephens cut 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 report on Friday, July 26th. Royal Bank of Canada set a $465.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a research report on Friday, October 25th. Credit Suisse Group increased their price target on shares of O’Reilly Automotive from $413.00 to $418.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. BidaskClub downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Citigroup downgraded shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating and cut their price target for the company from $441.00 to $430.00 in a research report on Friday, September 13th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. O’Reilly Automotive has an average rating of “Hold” and an average target price of $489.53.

Shares of NASDAQ:ORLY traded down $1.03 during mid-day trading on Friday, reaching $439.23. The stock had a trading volume of 256,400 shares, compared to its average volume of 613,447. O’Reilly Automotive Inc has a twelve month low of $326.71 and a twelve month high of $446.78. The company has a current ratio of 0.81, a quick ratio of 0.08 and a debt-to-equity ratio of 32.16. The firm has a 50 day simple moving average of $410.60 and a two-hundred day simple moving average of $388.03. The firm has a market cap of $33.19 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 1.71 and a beta of 0.70.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $5.08 earnings per share for the quarter, beating the consensus estimate of $4.79 by $0.29. O’Reilly Automotive had a net margin of 13.69% and a return on equity of 527.13%. The business had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the business earned $4.50 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. On average, equities analysts anticipate that O’Reilly Automotive Inc will post 17.9 EPS for the current fiscal 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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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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