O’Reilly Automotive Inc (NASDAQ:ORLY) Shares Sold by Pitcairn Co.

Pitcairn Co. trimmed its holdings in O’Reilly Automotive Inc (NASDAQ:ORLY) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 890 shares of the specialty retailer’s stock after selling 27 shares during the period. Pitcairn Co.’s holdings in O’Reilly Automotive were worth $375,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Advisors Investment Management LLC acquired a new position in shares of O’Reilly Automotive in the 2nd quarter valued at approximately $32,000. Meeder Asset Management Inc. raised its position in shares of O’Reilly Automotive by 85.1% in the 1st quarter. Meeder Asset Management Inc. now owns 87 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. Ellevest Inc. raised its position in shares of O’Reilly Automotive by 100.0% in the 1st quarter. Ellevest Inc. now owns 88 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 44 shares in the last quarter. Paragon Capital Management LLC acquired a new position in shares of O’Reilly Automotive in the 1st quarter valued at approximately $30,000. Finally, Tarbox Family Office Inc. raised its position in shares of O’Reilly Automotive by 514.3% in the 2nd quarter. Tarbox Family Office Inc. now owns 129 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 108 shares in the last quarter. 81.97% of the stock is currently owned by institutional investors.

NASDAQ:ORLY opened at $477.38 on Friday. O’Reilly Automotive Inc has a 1 year low of $251.51 and a 1 year high of $487.95. The stock has a market cap of $35.67 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 2.04 and a beta of 1.07. The business has a fifty day moving average of $428.48 and a 200-day moving average of $392.96. The company has a debt-to-equity ratio of 9.81, a quick ratio of 0.14 and a current ratio of 0.95.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 29th. The specialty retailer reported $7.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.56 by $3.54. O’Reilly Automotive had a return on equity of 490.94% and a net margin of 14.45%. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the prior year, the business posted $4.51 earnings per share. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, equities research analysts predict that O’Reilly Automotive Inc will post 16.92 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their price target on O’Reilly Automotive from $395.00 to $470.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Nomura Instinet boosted their price target on O’Reilly Automotive from $372.00 to $390.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. Guggenheim boosted their price target on O’Reilly Automotive from $431.00 to $530.00 and gave the company a “buy” rating in a report on Friday. Credit Suisse Group boosted their price target on O’Reilly Automotive from $442.00 to $496.00 and gave the company a “neutral” rating in a report on Thursday. Finally, BidaskClub upgraded O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a report on Saturday, July 18th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. O’Reilly Automotive currently has an average rating of “Hold” and a consensus target price of $441.42.

In other news, CEO Gregory D. Johnson sold 3,374 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $400.30, for a total value of $1,350,612.20. Following the completion of the sale, the chief executive officer now owns 7,734 shares in the company, valued at $3,095,920.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Carl David Wilbanks sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $445.82, for a total value of $4,458,200.00. Following the completion of the sale, the senior vice president now owns 10,807 shares of the company’s stock, valued at approximately $4,817,976.74. The disclosure for this sale can be found here. In the last three months, insiders sold 25,213 shares of company stock valued at $10,866,177. Company insiders own 2.43% of the company’s stock.

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