Illinois Municipal Retirement Fund lessened its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 9.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 203,971 shares of the specialty retailer’s stock after selling 20,821 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in O’Reilly Automotive were worth $17,421,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in ORLY. BlackRock Inc. acquired a new position in shares of O’Reilly Automotive during the 2nd quarter worth $5,950,042,000. Bank of New York Mellon Corp bought a new position in shares of O’Reilly Automotive during the 2nd quarter valued at $1,023,936,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of O’Reilly Automotive by 1.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,329,667 shares of the specialty retailer’s stock valued at $859,169,000 after purchasing an additional 141,915 shares in the last quarter. Amundi lifted its stake in shares of O’Reilly Automotive by 19.7% in the 1st quarter. Amundi now owns 8,497,984 shares of the specialty retailer’s stock valued at $784,449,000 after purchasing an additional 1,397,671 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at $721,747,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.
O’Reilly Automotive Stock Up 1.3%
Shares of ORLY stock opened at $90.54 on Thursday. O’Reilly Automotive, Inc. has a 12 month low of $82.59 and a 12 month high of $102.46. The company has a market cap of $72.62 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.12 and a beta of 0.55. The business’s 50 day moving average is $87.42 and its two-hundred day moving average is $90.30.
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The specialty retailer reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The business had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $5.02 billion. O’Reilly Automotive had a net margin of 14.27% and a negative return on equity of 188.24%. O’Reilly Automotive’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. As a group, equities analysts expect that O’Reilly Automotive, Inc. will post 3.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
ORLY has been the subject of a number of recent research reports. Bank of America started coverage on shares of O’Reilly Automotive in a report on Monday, October 26th. They issued a “buy” rating and a $106.00 price objective for the company. Roth Capital restated a “buy” rating and set a $111.00 target price (up from $109.00) on shares of O’Reilly Automotive in a report on Friday, July 31st. DA Davidson reaffirmed a “buy” rating and issued a $106.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, September 16th. UBS Group reaffirmed a “buy” rating and issued a $122.00 price target (up from $120.00) on shares of O’Reilly Automotive in a research report on Thursday, October 29th. Finally, Wells Fargo & Company upped their price target on O’Reilly Automotive from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and an average target price of $108.00.
Check Out Our Latest Research Report on O’Reilly Automotive
Insider Activity
In related news, Chairman Gregory Henslee sold 138,705 shares of O’Reilly Automotive stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $91.75, for a total value of $12,726,183.75. Following the transaction, the chairman owned 241,950 shares in the company, valued at $22,198,912.50. This trade represents a 36.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas Hendrickson sold 1,000 shares of O’Reilly Automotive stock in a transaction on Friday, August 28th. The stock was sold at an average price of $87.83, for a total transaction of $87,830.00. Following the completion of the transaction, the director owned 18,675 shares in the company, valued at $1,640,225.25. This trade represents a 5.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 148,655 shares of company stock valued at $13,623,283. 0.77% of the stock is owned by corporate insiders.
O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc. is a specialty retailer of automotive aftermarket parts, tools and accessories. Its products serve both do-it-yourself customers maintaining their own vehicles and professional repair shops. The company also offers services such as battery testing, check-engine-light code reading and parts installation assistance. Its operations include retail stores and distribution centers that support customers and professional service providers. Founded in 1957 by Charles F. O’Reilly and his son Charles H. O’Reilly, the company opened its first store in Springfield, Missouri.
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