O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Seascape Capital Management

Seascape Capital Management lessened its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,412 shares of the specialty retailer’s stock after selling 123 shares during the period. O’Reilly Automotive comprises about 1.4% of Seascape Capital Management’s portfolio, making the stock its 24th largest holding. Seascape Capital Management’s holdings in O’Reilly Automotive were worth $3,929,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of ORLY. Bank Pictet & Cie Asia Ltd. purchased a new position in O’Reilly Automotive during the 2nd quarter worth approximately $800,000. Handelsbanken Fonder AB grew its holdings in shares of O’Reilly Automotive by 2.5% during the third quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after buying an additional 727 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of O’Reilly Automotive by 5.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock valued at $16,723,000 after buying an additional 701 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in O’Reilly Automotive by 90.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock valued at $15,458,000 after buying an additional 6,954 shares during the period. Finally, Marshfield Associates lifted its stake in O’Reilly Automotive by 0.6% in the 2nd quarter. Marshfield Associates now owns 302,886 shares of the specialty retailer’s stock worth $319,866,000 after acquiring an additional 1,718 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Truist Financial upped their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a report on Friday, October 25th. TD Cowen upped their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, October 25th. DA Davidson reissued a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $1,200.00 target price on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

O’Reilly Automotive Price Performance

ORLY stock opened at $1,217.70 on Friday. The company has a 50-day moving average of $1,161.22 and a two-hundred day moving average of $1,088.58. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,239.65. The stock has a market capitalization of $70.64 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the company posted $10.72 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts expect that O’Reilly Automotive, Inc. will post 40.82 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman David E. Oreilly sold 1,000 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the completion of the transaction, the chairman now owns 183,583 shares of the company’s stock, valued at $205,407,347.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 16,322 shares of company stock valued at $18,280,698. Company insiders own 1.55% of the company’s stock.

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.