Oppenheimer & Co. Inc. Sells 137 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Oppenheimer & Co. Inc. lessened its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,518 shares of the specialty retailer’s stock after selling 137 shares during the period. Oppenheimer & Co. Inc.’s holdings in O’Reilly Automotive were worth $16,719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ORLY. International Assets Investment Management LLC boosted its holdings in shares of O’Reilly Automotive by 99,957.0% during the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock worth $984,027,000 after buying an additional 853,633 shares during the period. JPMorgan Chase & Co. boosted its holdings in O’Reilly Automotive by 56.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after purchasing an additional 376,167 shares during the period. CCLA Investment Management bought a new stake in O’Reilly Automotive in the 1st quarter valued at about $95,481,000. Marshall Wace LLP boosted its holdings in O’Reilly Automotive by 809.8% in the 2nd quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer’s stock valued at $96,078,000 after purchasing an additional 80,978 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of O’Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock valued at $5,739,462,000 after buying an additional 75,837 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Insider Activity

In other news, Director Lawrence P. Oreilly sold 13,765 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the sale, the director now owns 141,589 shares in the company, valued at approximately $158,511,717.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lawrence P. Oreilly sold 13,765 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the completion of the transaction, the director now owns 141,589 shares in the company, valued at approximately $158,511,717.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,322 shares of company stock worth $18,280,698. Corporate insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on ORLY shares. JPMorgan Chase & Co. boosted their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Royal Bank of Canada raised their price objective on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Bank of America increased their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Barclays increased their target price on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,242.13.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded down $0.42 during mid-day trading on Wednesday, hitting $1,236.43. The stock had a trading volume of 6,653 shares, compared to its average volume of 373,572. The firm has a market cap of $71.38 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 2.49 and a beta of 0.92. The business has a 50 day moving average price of $1,165.19 and a two-hundred day moving average price of $1,091.11. O’Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,244.50.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the firm posted $10.72 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts predict that O’Reilly Automotive, Inc. will post 40.81 EPS for the current fiscal year.

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.