O’Reilly Automotive, Inc. (NASDAQ:ORLY) Stake Cut by Anchor Investment Management LLC

Anchor Investment Management LLC cut its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,476 shares of the specialty retailer’s stock after selling 52 shares during the period. Anchor Investment Management LLC’s holdings in O’Reilly Automotive were worth $2,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in ORLY. Darwin Wealth Management LLC bought a new position in O’Reilly Automotive during the third quarter worth $32,000. Trifecta Capital Advisors LLC lifted its stake in O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in O’Reilly Automotive during the third quarter worth $37,000. Princeton Global Asset Management LLC bought a new stake in O’Reilly Automotive in the third quarter valued at $41,000. Finally, Kings Path Partners LLC bought a new stake in O’Reilly Automotive in the second quarter valued at $44,000. 85.00% of the stock is currently owned by institutional investors.

O’Reilly Automotive Stock Up 0.2 %

NASDAQ:ORLY opened at $1,269.01 on Thursday. The business’s 50-day moving average price is $1,208.41 and its 200 day moving average price is $1,123.86. The firm has a market cap of $73.26 billion, a P/E ratio of 31.40, a PEG ratio of 2.55 and a beta of 0.93. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,275.80.

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

Insider Buying and Selling

In related news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the transaction, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the transaction, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ORLY shares. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. DA Davidson reiterated a “buy” rating and issued a $1,275.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Barclays raised their target price on O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Morgan Stanley raised their target price on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company raised their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,248.06.

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.