Pillar Pacific Capital Management LLC decreased its stake in O’Reilly Automotive Inc (NASDAQ:ORLY) by 3.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 981 shares of the specialty retailer’s stock after selling 39 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in O’Reilly Automotive were worth $381,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in O’Reilly Automotive in the 4th quarter worth about $259,779,000. FMR LLC raised its holdings in O’Reilly Automotive by 80.9% in the 4th quarter. FMR LLC now owns 1,163,828 shares of the specialty retailer’s stock worth $400,741,000 after purchasing an additional 520,302 shares during the period. Isthmus Partners LLC acquired a new position in O’Reilly Automotive in the 1st quarter worth about $6,309,000. Janus Henderson Group PLC raised its holdings in O’Reilly Automotive by 73.2% in the 1st quarter. Janus Henderson Group PLC now owns 651,238 shares of the specialty retailer’s stock worth $252,882,000 after purchasing an additional 275,197 shares during the period. Finally, Hexavest Inc. acquired a new position in O’Reilly Automotive in the 1st quarter worth about $60,860,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.
In related news, Director Rosalie Oreilly Wooten sold 10,000 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $387.35, for a total value of $3,873,500.00. Following the completion of the sale, the director now owns 28,290 shares of the company’s stock, valued at $10,958,131.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Jeff M. Shaw sold 3,615 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $375.35, for a total value of $1,356,890.25. Following the completion of the sale, the chief operating officer now directly owns 27,832 shares of the company’s stock, valued at approximately $10,446,741.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,273 shares of company stock valued at $44,907,567. Insiders own 2.52% of the company’s stock.
O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, April 24th. The specialty retailer reported $4.05 EPS for the quarter, meeting analysts’ consensus estimates of $4.05. O’Reilly Automotive had a return on equity of 333.23% and a net margin of 13.87%. The business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the prior year, the firm earned $3.61 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts anticipate that O’Reilly Automotive Inc will post 17.77 EPS for the current fiscal year.
A number of research firms recently weighed in on ORLY. Zacks Investment Research raised O’Reilly Automotive from a “sell” rating to a “hold” rating in a report on Friday, April 26th. BidaskClub cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Wells Fargo & Co increased their target price on O’Reilly Automotive from $415.00 to $445.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Evercore ISI started coverage on O’Reilly Automotive in a report on Wednesday, March 20th. They set an “in-line” rating and a $375.00 target price for the company. Finally, Raymond James increased their target price on O’Reilly Automotive from $408.00 to $435.00 and gave the company a “strong-buy” rating in a report on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. O’Reilly Automotive currently has an average rating of “Buy” and an average target price of $379.13.
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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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