Gateway Investment Advisers LLC Reduces Position in O’Reilly Automotive Inc (ORLY)

Gateway Investment Advisers LLC lessened its position in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 4.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,464 shares of the specialty retailer’s stock after selling 168 shares during the quarter. Gateway Investment Advisers LLC’s holdings in O’Reilly Automotive were worth $1,203,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ORLY. Polen Capital Management LLC grew its stake in shares of O’Reilly Automotive by 1.8% in the 2nd quarter. Polen Capital Management LLC now owns 2,835,262 shares of the specialty retailer’s stock valued at $775,643,000 after purchasing an additional 48,778 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of O’Reilly Automotive by 1.5% in the 1st quarter. Principal Financial Group Inc. now owns 2,615,556 shares of the specialty retailer’s stock valued at $647,037,000 after purchasing an additional 37,570 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of O’Reilly Automotive by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,441,213 shares of the specialty retailer’s stock valued at $394,273,000 after purchasing an additional 62,889 shares during the last quarter. American Century Companies Inc. grew its stake in shares of O’Reilly Automotive by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 1,110,755 shares of the specialty retailer’s stock valued at $303,869,000 after purchasing an additional 105,794 shares during the last quarter. Finally, Waddell & Reed Financial Inc. grew its stake in shares of O’Reilly Automotive by 25.1% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 594,457 shares of the specialty retailer’s stock valued at $162,626,000 after purchasing an additional 119,235 shares during the last quarter. Hedge funds and other institutional investors own 86.16% of the company’s stock.

Several brokerages have weighed in on ORLY. Morgan Stanley lifted their target price on O’Reilly Automotive from $290.00 to $310.00 and gave the company an “equal weight” rating in a research note on Thursday, July 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $350.00 target price on shares of O’Reilly Automotive in a research note on Friday, July 27th. Moffett Nathanson downgraded O’Reilly Automotive from a “buy” rating to a “neutral” rating in a research note on Monday, June 25th. BidaskClub upgraded O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 7th. Finally, Zacks Investment Research downgraded O’Reilly Automotive from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $335.06.

In related news, Chairman David E. Oreilly sold 27,500 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $320.78, for a total transaction of $8,821,450.00. Following the completion of the transaction, the chairman now directly owns 114,815 shares of the company’s stock, valued at $36,830,355.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas Mcfall sold 30,000 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $305.21, for a total value of $9,156,300.00. Following the transaction, the chief financial officer now directly owns 35,438 shares of the company’s stock, valued at $10,816,031.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,181 shares of company stock worth $44,983,132. Company insiders own 3.12% of the company’s stock.

O’Reilly Automotive stock opened at $339.87 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.11 and a debt-to-equity ratio of 8.45. O’Reilly Automotive Inc has a 1-year low of $190.00 and a 1-year high of $351.65. The company has a market capitalization of $27.27 billion, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 25th. The specialty retailer reported $4.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.04 by $0.24. O’Reilly Automotive had a return on equity of 229.48% and a net margin of 13.42%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the previous year, the business earned $3.10 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that O’Reilly Automotive Inc will post 15.91 earnings per share for the current fiscal year.

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, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; 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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