Eagle Ridge Investment Management Sells 571 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Eagle Ridge Investment Management cut its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,664 shares of the specialty retailer’s stock after selling 571 shares during the quarter. O’Reilly Automotive makes up about 3.6% of Eagle Ridge Investment Management’s holdings, making the stock its 5th biggest position. Eagle Ridge Investment Management’s holdings in O’Reilly Automotive were worth $41,105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP grew its stake in O’Reilly Automotive by 73.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock valued at $1,986,874,000 after buying an additional 728,040 shares during the last quarter. Geode Capital Management LLC grew its stake in O’Reilly Automotive by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer’s stock valued at $1,700,513,000 after buying an additional 24,135 shares during the last quarter. International Assets Investment Management LLC grew its stake in O’Reilly Automotive by 99,957.0% in the 3rd 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 grew its stake in O’Reilly Automotive by 28.4% in the 3rd 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, Mizuho Securities USA LLC boosted its holdings in O’Reilly Automotive by 10,626.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock valued at $5,393,000 after purchasing an additional 482,670 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Down 1.3 %

Shares of ORLY stock opened at $1,330.74 on Friday. O’Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,350.27. The company has a market capitalization of $76.82 billion, a P/E ratio of 32.92, a P/E/G ratio of 2.40 and a beta of 0.94. The firm has a 50-day moving average price of $1,238.92 and a 200 day moving average price of $1,184.53.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. As a group, research analysts expect that O’Reilly Automotive, Inc. will post 40.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ORLY shares. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. increased 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. Guggenheim increased their price target on shares of O’Reilly Automotive from $1,275.00 to $1,400.00 and gave the company a “buy” rating in a report on Friday, January 24th. BMO Capital Markets started coverage on shares of O’Reilly Automotive in a report on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price target for the company. Finally, DA Davidson reissued a “buy” rating and issued a $1,275.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $1,310.65.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, the director now owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction dated 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 owns 5 shares of the company’s stock, valued at $6,201.95. The trade was 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 insiders.

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.