Los Angeles Capital Management LLC Trims Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Los Angeles Capital Management LLC lessened its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLYFree Report) by 16.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,240 shares of the specialty retailer’s stock after selling 11,768 shares during the quarter. Los Angeles Capital Management LLC owned 0.10% of O’Reilly Automotive worth $66,875,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fortune Financial Advisors LLC increased its stake in shares of O’Reilly Automotive by 2.4% in the 4th quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock valued at $2,325,000 after purchasing an additional 57 shares in the last quarter. Stifel Financial Corp grew its holdings in O’Reilly Automotive by 7.4% in the fourth quarter. Stifel Financial Corp now owns 36,728 shares of the specialty retailer’s stock valued at $34,894,000 after purchasing an additional 2,535 shares during the period. Wellington Management Group LLP raised its stake in shares of O’Reilly Automotive by 656.2% during the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after buying an additional 397,108 shares during the period. SignalPoint Asset Management LLC lifted its position in shares of O’Reilly Automotive by 3.3% during the 4th quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock valued at $48,567,000 after buying an additional 1,642 shares in the last quarter. Finally, Duality Advisers LP acquired a new stake in O’Reilly Automotive in the 4th quarter valued at $924,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 1.3 %

ORLY stock traded up $13.40 during mid-day trading on Wednesday, hitting $1,056.65. 385,617 shares of the company were exchanged, compared to its average volume of 450,404. The business has a fifty day simple moving average of $1,020.48 and a 200-day simple moving average of $1,028.93. The firm has a market capitalization of $62.23 billion, a P/E ratio of 26.82, a PEG ratio of 1.91 and a beta of 0.89. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the firm earned $8.28 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Research analysts predict that O’Reilly Automotive, Inc. will post 41.93 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Mizuho began coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective on the stock. UBS Group raised their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Wells Fargo & Company reduced their target price on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Wedbush restated a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a research report on Thursday, April 25th. Finally, Evercore ISI boosted their price target on O’Reilly Automotive from $1,255.00 to $1,275.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,123.64.

Get Our Latest Stock Analysis on O’Reilly Automotive

Insider Buying and Selling

In other news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the transaction, the director now owns 31,613 shares in the company, valued at approximately $30,016,543.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now owns 716 shares of the company’s stock, valued at approximately $726,740. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

About O’Reilly Automotive

(Free Report)

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.

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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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