Oakbrook Investments LLC cut its holdings in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 15.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,650 shares of the specialty retailer’s stock after selling 1,250 shares during the quarter. Oakbrook Investments LLC’s holdings in O’Reilly Automotive were worth $2,650,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Squar Milner Financial Services LLC raised its stake in O’Reilly Automotive by 80.5% during the 2nd quarter. Squar Milner Financial Services LLC now owns 74 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 33 shares in the last quarter. Shine Investment Advisory Services Inc. raised its stake in O’Reilly Automotive by 65.4% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 34 shares in the last quarter. TRUE Private Wealth Advisors acquired a new stake in O’Reilly Automotive during the 2nd quarter worth $46,000. Ashburton Jersey Ltd acquired a new stake in O’Reilly Automotive during the 2nd quarter worth $57,000. Finally, FTB Advisors Inc. acquired a new stake in O’Reilly Automotive during the 2nd quarter worth $65,000. Institutional investors own 85.86% of the company’s stock.
In related news, CFO Thomas Mcfall sold 8,322 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $437.23, for a total transaction of $3,638,628.06. Following the transaction, the chief financial officer now owns 13,921 shares of the company’s stock, valued at $6,086,678.83. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman David E. Oreilly sold 16,835 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $438.13, for a total transaction of $7,375,918.55. Following the transaction, the chairman now directly owns 127,483 shares in the company, valued at approximately $55,854,126.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,958 shares of company stock worth $29,272,722. Insiders own 2.52% of the company’s stock.
Shares of NASDAQ:ORLY traded down $1.03 during trading on Friday, reaching $439.23. The stock had a trading volume of 256,400 shares, compared to its average volume of 613,447. The business has a fifty day moving average price of $410.60 and a 200-day moving average price of $388.03. The company has a quick ratio of 0.08, a current ratio of 0.81 and a debt-to-equity ratio of 32.16. The stock has a market cap of $33.19 billion, a P/E ratio of 27.28, a PEG ratio of 1.71 and a beta of 0.70. O’Reilly Automotive Inc has a fifty-two week low of $326.71 and a fifty-two week high of $446.78.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $5.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $0.29. The business had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.64 billion. O’Reilly Automotive had a net margin of 13.69% and a return on equity of 527.13%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.50 earnings per share. As a group, equities analysts forecast that O’Reilly Automotive Inc will post 17.9 EPS for the current year.
Several brokerages recently commented on ORLY. Raymond James started coverage on shares of O’Reilly Automotive in a research note on Monday, October 7th. They set a “market perform” rating and a $430.00 price target on the stock. Citigroup downgraded shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $441.00 to $430.00 in a research report on Friday, September 13th. UBS Group set a $495.00 price objective on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research report on Friday, October 25th. Zacks Investment Research raised shares of O’Reilly Automotive from a “sell” rating to a “hold” rating and set a $425.00 price objective on the stock in a research report on Monday, October 14th. Finally, Morgan Stanley raised their price objective on shares of O’Reilly Automotive from $400.00 to $430.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $489.53.
About O’Reilly Automotive
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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