Western Financial Corp CA Sells 211 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Western Financial Corp CA trimmed its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 12.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,492 shares of the specialty retailer’s stock after selling 211 shares during the quarter. O’Reilly Automotive makes up 1.2% of Western Financial Corp CA’s holdings, making the stock its 12th biggest holding. Western Financial Corp CA’s holdings in O’Reilly Automotive were worth $2,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV raised its position in shares of O’Reilly Automotive by 95.1% during the first quarter. Creative Financial Designs Inc. ADV now owns 359 shares of the specialty retailer’s stock worth $514,000 after acquiring an additional 175 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of O’Reilly Automotive by 3.4% during the first quarter. Sequoia Financial Advisors LLC now owns 2,135 shares of the specialty retailer’s stock worth $3,059,000 after acquiring an additional 70 shares during the last quarter. Alpine Bank Wealth Management bought a new position in shares of O’Reilly Automotive during the first quarter worth about $106,000. Golden State Wealth Management LLC raised its position in shares of O’Reilly Automotive by 191.1% during the first quarter. Golden State Wealth Management LLC now owns 131 shares of the specialty retailer’s stock worth $188,000 after acquiring an additional 86 shares during the last quarter. Finally, waypoint wealth counsel raised its position in shares of O’Reilly Automotive by 13.3% during the first quarter. waypoint wealth counsel now owns 272 shares of the specialty retailer’s stock worth $390,000 after acquiring an additional 32 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $87.84 on Thursday. O’Reilly Automotive, Inc. has a 52 week low of $67.24 and a 52 week high of $97.22. The stock has a 50 day moving average price of $91.00 and a two-hundred day moving average price of $88.13. The stock has a market capitalization of $75.09 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 2.43 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, April 23rd. The specialty retailer reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). O’Reilly Automotive had a net margin of 14.10% and a negative return on equity of 167.25%. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the business posted $0.61 EPS. The company’s revenue was up 4.0% on a year-over-year basis. Research analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Activity at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 3,000 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $91.93, for a total transaction of $275,800.00. Following the transaction, the director now owns 4,560 shares of the company’s stock, valued at $419,216. The trade was a 39.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Najera Jose A. Montellano sold 285 shares of O’Reilly Automotive stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $90.13, for a total value of $25,686.29. The disclosure for this sale can be found here. Insiders have sold a total of 33,285 shares of company stock valued at $3,022,386 over the last 90 days. Insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ORLY shares. UBS Group raised their price objective on O’Reilly Automotive from $102.33 to $105.33 and gave the stock a “buy” rating in a research report on Thursday, April 24th. Guggenheim reiterated a “buy” rating and issued a $98.33 target price on shares of O’Reilly Automotive in a report on Monday, March 10th. DA Davidson lifted their target price on O’Reilly Automotive from $101.67 to $106.67 and gave the stock a “buy” rating in a report on Friday, April 25th. Barclays lifted their target price on O’Reilly Automotive from $83.33 to $86.00 and gave the stock an “equal weight” rating in a report on Monday, April 28th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of O’Reilly Automotive in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive currently has an average rating of “Buy” and an average target price of $94.30.

About O’Reilly Automotive

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.