Kentucky Retirement Systems Insurance Trust Fund Acquires Shares of 1,585 O’Reilly Automotive Inc (ORLY)

Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,585 shares of the specialty retailer’s stock, valued at approximately $546,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CI Investments Inc. raised its holdings in shares of O’Reilly Automotive by 0.7% during the 3rd quarter. CI Investments Inc. now owns 197,479 shares of the specialty retailer’s stock worth $68,588,000 after acquiring an additional 1,309 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in O’Reilly Automotive by 33.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 13,301 shares of the specialty retailer’s stock valued at $4,545,000 after buying an additional 3,322 shares during the period. Pinnacle Associates Ltd. purchased a new stake in O’Reilly Automotive during the 3rd quarter valued at $222,000. Freestone Capital Holdings LLC purchased a new stake in O’Reilly Automotive during the 3rd quarter valued at $222,000. Finally, Carillon Tower Advisers Inc. raised its holdings in O’Reilly Automotive by 108.7% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 57,125 shares of the specialty retailer’s stock valued at $19,841,000 after buying an additional 29,750 shares during the period. 86.69% of the stock is owned by hedge funds and other institutional investors.

In other O’Reilly Automotive news, EVP Brad W. Beckham sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $370.71, for a total value of $1,853,550.00. Following the completion of the sale, the executive vice president now owns 5,454 shares of the company’s stock, valued at $2,021,852.34. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Gregory L. Henslee sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $374.37, for a total value of $18,718,500.00. Following the completion of the sale, the chairman now directly owns 65,922 shares of the company’s stock, valued at approximately $24,679,219.14. The disclosure for this sale can be found here. In the last three months, insiders sold 119,273 shares of company stock valued at $44,907,567. Corporate insiders own 2.52% of the company’s stock.

ORLY has been the topic of several recent research reports. Wells Fargo & Co increased their price target on O’Reilly Automotive from $415.00 to $445.00 and gave the company an “outperform” rating in a report on Thursday. Atlantic Securities lowered O’Reilly Automotive from an “overweight” rating to a “neutral” rating and increased their price target for the company from $370.00 to $400.00 in a report on Friday, March 1st. BidaskClub lowered O’Reilly Automotive from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 9th. Morgan Stanley increased their price target on O’Reilly Automotive from $385.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, Zacks Investment Research lowered O’Reilly Automotive from a “hold” rating to a “sell” rating in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $377.44.

NASDAQ ORLY traded down $4.81 during trading on Friday, hitting $399.46. The company’s stock had a trading volume of 774,619 shares, compared to its average volume of 520,881. The company has a debt-to-equity ratio of 9.66, a quick ratio of 0.09 and a current ratio of 0.91. The company has a market cap of $31.31 billion, a PE ratio of 24.81, a P/E/G ratio of 1.46 and a beta of 0.85. O’Reilly Automotive Inc has a fifty-two week low of $217.64 and a fifty-two week high of $414.63.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 6th. The specialty retailer reported $3.72 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.04). The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. O’Reilly Automotive had a return on equity of 318.99% and a net margin of 13.89%. O’Reilly Automotive’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.90 EPS. On average, sell-side analysts predict that O’Reilly Automotive Inc will post 17.78 earnings per share for the current fiscal year.

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About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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