Everence Capital Management Inc. reduced its stake in O’Reilly Automotive Inc (NASDAQ:ORLY) by 16.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,828 shares of the specialty retailer’s stock after selling 367 shares during the quarter. Everence Capital Management Inc.’s holdings in O’Reilly Automotive were worth $710,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Toronto Dominion Bank raised its holdings in O’Reilly Automotive by 13.4% in the 1st quarter. Toronto Dominion Bank now owns 57,606 shares of the specialty retailer’s stock worth $22,363,000 after acquiring an additional 6,825 shares during the last quarter. Chilton Investment Co. LLC raised its holdings in O’Reilly Automotive by 1.6% in the 1st quarter. Chilton Investment Co. LLC now owns 3,512 shares of the specialty retailer’s stock worth $1,364,000 after acquiring an additional 57 shares during the last quarter. Washington Capital Management Inc. purchased a new position in O’Reilly Automotive in the 1st quarter worth approximately $214,000. Perella Weinberg Partners Capital Management LP purchased a new position in O’Reilly Automotive in the 1st quarter worth approximately $4,257,000. Finally, Cetera Advisor Networks LLC raised its holdings in O’Reilly Automotive by 169.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 2,122 shares of the specialty retailer’s stock worth $825,000 after acquiring an additional 1,335 shares during the last quarter. 87.65% of the stock is currently owned by hedge funds and other institutional investors.
ORLY has been the subject of a number of recent analyst reports. Citigroup boosted their price objective on shares of O’Reilly Automotive from $422.00 to $454.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Morgan Stanley boosted their price objective on shares of O’Reilly Automotive from $385.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Credit Suisse Group restated a “hold” rating and issued a $318.00 price objective on shares of O’Reilly Automotive in a report on Tuesday, February 5th. Oppenheimer lowered shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a report on Friday, February 8th. Finally, Zacks Investment Research lowered shares of O’Reilly Automotive from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, nine have given 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 presently has a consensus rating of “Buy” and a consensus price target of $379.13.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, April 24th. The specialty retailer reported $4.05 EPS for the quarter, hitting the consensus estimate of $4.05. The firm 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%. O’Reilly Automotive’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.61 EPS. Sell-side analysts expect that O’Reilly Automotive Inc will post 17.77 EPS for the current fiscal year.
In related news, Chairman David E. Oreilly sold 34,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $375.48, for a total value of $12,766,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rosalie Oreilly Wooten sold 10,000 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $387.35, for a total transaction of $3,873,500.00. Following the completion of the transaction, the director now directly owns 28,290 shares of the company’s stock, valued at approximately $10,958,131.50. The disclosure for this sale can be found here. Insiders sold a total of 64,158 shares of company stock valued at $24,268,297 over the last 90 days. 2.52% of the stock is currently owned by company insiders.
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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.
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