Meeder Asset Management Inc. Sells 5,145 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Meeder Asset Management Inc. lowered its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 87.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 746 shares of the specialty retailer’s stock after selling 5,145 shares during the quarter. Meeder Asset Management Inc.’s holdings in O’Reilly Automotive were worth $859,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC increased its holdings in O’Reilly Automotive by 99,957.0% during the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock valued at $984,027,000 after buying an additional 853,633 shares during the period. Mizuho Securities USA LLC boosted its position in O’Reilly Automotive by 10,626.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock valued at $5,393,000 after acquiring an additional 482,670 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of 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 acquiring an additional 80,978 shares during the period. Swedbank AB bought a new position in shares of O’Reilly Automotive in the 1st quarter worth $73,661,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of O’Reilly Automotive during the 2nd quarter worth $63,793,000. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Down 1.3 %

Shares of NASDAQ ORLY opened at $1,200.59 on Wednesday. O’Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,255.30. The business’s 50 day moving average price is $1,174.11 and its 200 day moving average price is $1,098.28. The firm has a market cap of $69.31 billion, a P/E ratio of 29.70, a P/E/G ratio of 2.46 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.42 billion. During the same period last year, the company earned $10.72 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. As a group, research analysts expect that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ORLY has been the topic of several analyst reports. Wedbush reiterated a “neutral” rating and issued a $1,200.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. TD Cowen raised their price target on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company boosted their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Evercore ISI lifted their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

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.