Fmr LLC reduced its position in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 31.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 776,710 shares of the specialty retailer’s stock after selling 348,568 shares during the period. Fmr LLC owned approximately 0.96% of O’Reilly Automotive worth $212,484,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in O’Reilly Automotive during the 2nd quarter worth $178,000. Checchi Capital Advisers LLC bought a new position in O’Reilly Automotive during the 2nd quarter worth $204,000. Grandfield & Dodd LLC bought a new position in O’Reilly Automotive during the 2nd quarter worth $207,000. Atlas Brown Inc. bought a new position in O’Reilly Automotive during the 2nd quarter worth $209,000. Finally, Clarkston Capital Partners LLC bought a new position in O’Reilly Automotive during the 2nd quarter worth $209,000. 85.96% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on ORLY shares. Bank of America reiterated a “top pick” rating and issued a $390.00 price target (up previously from $330.00) on shares of O’Reilly Automotive in a research note on Monday, September 17th. Zacks Investment Research upgraded O’Reilly Automotive from a “sell” rating to a “hold” rating and set a $335.00 price target on the stock in a research note on Thursday, July 19th. Jefferies Financial Group reiterated a “buy” rating and issued a $350.00 price target on shares of O’Reilly Automotive in a research note on Friday, July 27th. Oppenheimer lifted their price target on O’Reilly Automotive from $305.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, August 8th. Finally, BidaskClub lowered O’Reilly Automotive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 15th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $340.00.
In related news, SVP Jason Lee Tarrant sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $319.02, for a total transaction of $319,020.00. Following the sale, the senior vice president now owns 1,413 shares in the company, valued at approximately $450,775.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Raymond Murphy sold 400 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $331.28, for a total value of $132,512.00. The disclosure for this sale can be found here. Insiders have sold a total of 71,561 shares of company stock worth $23,302,853 in the last 90 days. 3.12% of the stock is currently owned by corporate insiders.
Shares of ORLY stock opened at $320.61 on Friday. The firm has a market cap of $26.62 billion, a P/E ratio of 27.08, a PEG ratio of 1.31 and a beta of 0.98. O’Reilly Automotive Inc has a twelve month low of $206.54 and a twelve month high of $351.65. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.11 and a current ratio of 0.91.
O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.19. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.49 billion. O’Reilly Automotive had a return on equity of 259.86% and a net margin of 14.09%. Equities research analysts expect that O’Reilly Automotive Inc will post 16.1 EPS 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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