Public Employees Retirement System of Ohio Sells 1,926 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Public Employees Retirement System of Ohio lowered its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,205 shares of the specialty retailer’s stock after selling 1,926 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of O’Reilly Automotive worth $40,871,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ORLY. Norges Bank bought a new position in shares of O’Reilly Automotive in the fourth quarter valued at approximately $671,384,000. International Assets Investment Management LLC raised its stake in shares of O’Reilly Automotive by 89,319.3% in the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after acquiring an additional 652,924 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of O’Reilly Automotive by 656.2% in the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after acquiring an additional 397,108 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of O’Reilly Automotive by 56.2% in the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after acquiring an additional 376,167 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in O’Reilly Automotive by 15.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock worth $1,587,784,000 after purchasing an additional 183,296 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ORLY. Evercore ISI dropped their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating for the company in a research report on Tuesday, July 16th. UBS Group dropped their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Royal Bank of Canada dropped their price objective on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research report on Friday. Wedbush restated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday. Finally, StockNews.com cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average target price of $1,130.67.

O’Reilly Automotive Trading Up 0.2 %

Shares of ORLY stock traded up $2.38 on Monday, hitting $1,112.69. The stock had a trading volume of 184,574 shares, compared to its average volume of 397,194. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11. The firm has a market cap of $65.53 billion, a P/E ratio of 28.18, a PEG ratio of 2.11 and a beta of 0.92. The company has a fifty day moving average price of $1,021.36 and a two-hundred day moving average price of $1,047.74.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same period last year, the firm earned $10.22 EPS. O’Reilly Automotive’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts expect that O’Reilly Automotive, Inc. will post 41.07 earnings per share for the current year.

Insider Activity

In other news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Lawrence P. Oreilly sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were 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 directly owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction 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 directly owns 716 shares of the company’s stock, valued at $726,740. The disclosure for this sale can be found here. 1.55% of the stock is owned by company insiders.

O’Reilly Automotive 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.