First Manhattan Co. Sells 1,060 Shares of O’Reilly Automotive Inc (ORLY)

First Manhattan Co. decreased its stake in O’Reilly Automotive Inc (NASDAQ:ORLY) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,310 shares of the specialty retailer’s stock after selling 1,060 shares during the period. First Manhattan Co. owned approximately 0.09% of O’Reilly Automotive worth $26,524,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Sigma Planning Corp lifted its holdings in O’Reilly Automotive by 5.2% during the 4th quarter. Sigma Planning Corp now owns 610 shares of the specialty retailer’s stock worth $210,000 after buying an additional 30 shares during the last quarter. Legacy Financial Advisors Inc. raised its position in shares of O’Reilly Automotive by 16.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 237 shares of the specialty retailer’s stock worth $82,000 after purchasing an additional 34 shares during the period. Peak Asset Management LLC raised its position in shares of O’Reilly Automotive by 3.6% during the 4th quarter. Peak Asset Management LLC now owns 1,080 shares of the specialty retailer’s stock worth $372,000 after purchasing an additional 38 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of O’Reilly Automotive by 0.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,817 shares of the specialty retailer’s stock worth $4,758,000 after purchasing an additional 44 shares during the period. Finally, Stock Yards Bank & Trust Co. raised its position in shares of O’Reilly Automotive by 2.8% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 1,672 shares of the specialty retailer’s stock worth $576,000 after purchasing an additional 45 shares during the period. 87.32% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on ORLY. Citigroup increased their price target on O’Reilly Automotive from $422.00 to $454.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Zacks Investment Research upgraded O’Reilly Automotive from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Raymond James raised their target price on O’Reilly Automotive from $408.00 to $435.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 25th. BidaskClub upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. Finally, Oppenheimer cut O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research report on Friday, February 8th. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $379.13.

ORLY opened at $375.79 on Friday. The firm has a market cap of $29.46 billion, a PE ratio of 23.34, a P/E/G ratio of 1.38 and a beta of 0.81. The company has a debt-to-equity ratio of 9.29, a current ratio of 0.84 and a quick ratio of 0.10. O’Reilly Automotive Inc has a fifty-two week low of $256.19 and a fifty-two week high of $414.63.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, April 24th. The specialty retailer reported $4.05 earnings per share for the quarter, hitting the consensus estimate of $4.05. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.44 billion. O’Reilly Automotive had a return on equity of 333.23% and a net margin of 13.87%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $3.61 EPS. Equities research analysts forecast that O’Reilly Automotive Inc will post 17.77 earnings per share for the current fiscal year.

In other news, SVP Larry Lee Ellis sold 800 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $376.23, for a total value of $300,984.00. Following the completion of the sale, the senior vice president now owns 1,156 shares of the company’s stock, valued at $434,921.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Gregory L. Henslee sold 50,000 shares of the firm’s stock in a transaction on 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. Over the last three months, insiders have sold 119,273 shares of company stock valued at $44,907,567. Corporate insiders own 2.52% of the company’s stock.

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O’Reilly Automotive Profile

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.

Further Reading: Market Capitalization in the Stock Market

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

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