O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Security National Bank

Security National Bank lowered its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 26.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80 shares of the specialty retailer’s stock after selling 29 shares during the period. Security National Bank’s holdings in O’Reilly Automotive were worth $90,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORLY. Norges Bank purchased a new position in shares of O’Reilly Automotive during the fourth quarter valued at approximately $671,384,000. International Assets Investment Management LLC lifted its stake in shares of O’Reilly Automotive by 89,319.3% during the 4th quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after purchasing an additional 652,924 shares during the period. Wellington Management Group LLP boosted its holdings in shares of O’Reilly Automotive by 656.2% during the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after purchasing an additional 397,108 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of O’Reilly Automotive by 269.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 216,787 shares of the specialty retailer’s stock valued at $205,965,000 after purchasing an additional 158,075 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its position in shares of O’Reilly Automotive by 4,574.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 129,145 shares of the specialty retailer’s stock valued at $122,698,000 after purchasing an additional 126,382 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction dated 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 sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at $726,740. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the sale, the director now owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ORLY has been the topic of several recent analyst reports. Mizuho initiated coverage on O’Reilly Automotive in a research note on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price target on the stock. Evercore ISI raised their target price on shares of O’Reilly Automotive from $1,265.00 to $1,275.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Wedbush reaffirmed a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Finally, Wells Fargo & Company dropped their price objective 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. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,123.64.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY traded down $8.46 during mid-day trading on Wednesday, hitting $1,049.33. 240,423 shares of the company traded hands, compared to its average volume of 396,983. The firm’s 50 day simple moving average is $1,019.46 and its 200 day simple moving average is $1,032.55. The firm has a market cap of $61.80 billion, a P/E ratio of 26.58, a PEG ratio of 1.94 and a beta of 0.89. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $8.28 earnings per share. Equities research analysts expect that O’Reilly Automotive, Inc. will post 41.93 EPS for the current fiscal year.

O’Reilly Automotive Company Profile

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.