Varma Mutual Pension Insurance Co cut its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 10.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,766 shares of the specialty retailer's stock after selling 1,434 shares during the period. Varma Mutual Pension Insurance Co's holdings in O'Reilly Automotive were worth $13,482,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Rise Advisors LLC bought a new position in shares of O'Reilly Automotive during the first quarter valued at $36,000. Newbridge Financial Services Group Inc. bought a new position in shares of O'Reilly Automotive in the first quarter worth about $37,000. Indiana Trust & Investment Management CO boosted its stake in shares of O'Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer's stock worth $38,000 after acquiring an additional 26 shares during the period. Riverview Trust Co bought a new position in shares of O'Reilly Automotive in the first quarter worth about $41,000. Finally, Crewe Advisors LLC bought a new position in O'Reilly Automotive during the first quarter valued at approximately $43,000. 85.00% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the firm's stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the transaction, the senior vice president now directly owns 265 shares in the company, valued at approximately $296,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Dana Perlman sold 48 shares of O'Reilly Automotive stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the transaction, the director now directly owns 1,097 shares in the company, valued at approximately $1,217,406.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark Joseph Merz sold 413 shares of O'Reilly Automotive stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the transaction, the senior vice president now owns 265 shares in the company, valued at $296,800. The disclosure for this sale can be found here. Insiders have sold 50,411 shares of company stock worth $56,846,062 in the last ninety days. 1.55% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. DA Davidson increased their price target on O'Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Evercore ISI increased their price target on O'Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an "outperform" rating in a research note on Thursday, August 22nd. UBS Group dropped their price target on O'Reilly Automotive from $1,275.00 to $1,250.00 and set a "buy" rating for the company in a research note on Thursday, July 18th. Wells Fargo & Company raised their price objective on O'Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Finally, Bank of America raised their price objective on O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,144.06.
View Our Latest Research Report on ORLY
O'Reilly Automotive Trading Up 0.4 %
Shares of NASDAQ ORLY traded up $4.84 during midday trading on Monday, hitting $1,124.02. The company's stock had a trading volume of 242,955 shares, compared to its average volume of 386,416. The business's 50 day moving average is $1,091.92 and its two-hundred day moving average is $1,069.05. O'Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11. The firm has a market cap of $65.20 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). The business had revenue of $4.27 billion during the quarter, compared to analysts' expectations of $4.32 billion. O'Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.22 earnings per share. On average, analysts predict that O'Reilly Automotive, Inc. will post 41.13 earnings per share for the current fiscal year.
O'Reilly Automotive Profile
(Free Report)
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.
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