Ascent Group LLC Trims Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Ascent Group LLC trimmed its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 40.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,016 shares of the specialty retailer’s stock after selling 1,378 shares during the period. Ascent Group LLC’s holdings in O’Reilly Automotive were worth $2,322,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. raised its holdings in shares of O’Reilly Automotive by 3.2% in the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock valued at $1,954,404,000 after buying an additional 57,194 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of O’Reilly Automotive by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock valued at $1,505,649,000 after buying an additional 19,211 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of O’Reilly Automotive by 99,957.0% in 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 last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of O’Reilly Automotive by 28.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock valued at $692,816,000 after buying an additional 133,139 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of O’Reilly Automotive by 5.2% in the second quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer’s stock valued at $524,629,000 after buying an additional 24,767 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Up 0.3 %

NASDAQ:ORLY opened at $1,246.82 on Tuesday. The company has a market cap of $71.98 billion, a P/E ratio of 30.85, a P/E/G ratio of 2.52 and a beta of 0.93. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.40. The firm’s 50 day moving average is $1,191.32 and its two-hundred day moving average is $1,110.24.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the company earned $10.72 EPS. O’Reilly Automotive’s revenue was up 3.8% on a year-over-year basis. Research analysts forecast that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ORLY. Wells Fargo & Company boosted their price target 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. JPMorgan Chase & Co. boosted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Barclays upped their target price on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Wedbush restated a “neutral” rating and set a $1,200.00 target price on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company 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.