Contravisory Investment Management Inc. Has $532,000 Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Contravisory Investment Management Inc. cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 557 shares of the specialty retailer’s stock after selling 21 shares during the quarter. Contravisory Investment Management Inc.’s holdings in O’Reilly Automotive were worth $532,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of O’Reilly Automotive by 0.7% in the first quarter. American Century Companies Inc. now owns 33,667 shares of the specialty retailer’s stock valued at $28,137,000 after buying an additional 222 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of O’Reilly Automotive by 2.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 100,421 shares of the specialty retailer’s stock worth $85,256,000 after purchasing an additional 2,586 shares during the last quarter. Diversified Trust Co raised its holdings in shares of O’Reilly Automotive by 75.5% in the 1st quarter. Diversified Trust Co now owns 951 shares of the specialty retailer’s stock valued at $807,000 after purchasing an additional 409 shares during the period. Western Pacific Wealth Management LP increased its holdings in shares of O’Reilly Automotive by 35.7% during the 1st quarter. Western Pacific Wealth Management LP now owns 95 shares of the specialty retailer’s stock worth $81,000 after acquiring an additional 25 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in O’Reilly Automotive by 56.5% during the first quarter. Los Angeles Capital Management LLC now owns 46,922 shares of the specialty retailer’s stock worth $39,836,000 after acquiring an additional 16,932 shares during the last quarter. 82.92% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Trading Up 0.9 %

Shares of NASDAQ:ORLY traded up $8.29 during midday trading on Monday, reaching $938.50. The company had a trading volume of 122,979 shares, compared to its average volume of 425,508. The stock has a market cap of $56.55 billion, a P/E ratio of 25.81, a P/E/G ratio of 1.87 and a beta of 0.85. The company’s 50 day moving average price is $943.90 and its 200 day moving average price is $912.20. O’Reilly Automotive, Inc. has a 52-week low of $680.00 and a 52-week high of $975.72.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, July 27th. The specialty retailer reported $10.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.05 by $0.17. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. O’Reilly Automotive had a negative return on equity of 163.68% and a net margin of 14.84%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $8.78 EPS. Research analysts forecast that O’Reilly Automotive, Inc. will post 37.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ORLY. Barclays lifted their price target on shares of O’Reilly Automotive from $868.00 to $954.00 in a research report on Friday, July 28th. Wedbush raised their target price on O’Reilly Automotive from $920.00 to $940.00 and gave the stock a “neutral” rating in a research report on Thursday, July 27th. William Blair began coverage on O’Reilly Automotive in a research report on Thursday, August 3rd. They issued an “outperform” rating on the stock. Wells Fargo & Company increased their target price on shares of O’Reilly Automotive from $985.00 to $1,075.00 in a research report on Thursday, July 20th. Finally, StockNews.com began coverage on O’Reilly Automotive in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus target price of $971.40.

Insider Transactions at O’Reilly Automotive

In other news, Director Lawrence P. Oreilly sold 1,060 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $945.57, for a total value of $1,002,304.20. Following the completion of the transaction, the director now directly owns 157,764 shares in the company, valued at $149,176,905.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Wild Tamara F. De sold 549 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $955.50, for a total transaction of $524,569.50. Following the transaction, the senior vice president now directly owns 349 shares of the company’s stock, valued at $333,469.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lawrence P. Oreilly sold 1,060 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $945.57, for a total value of $1,002,304.20. Following the sale, the director now directly owns 157,764 shares in the company, valued at $149,176,905.48. The disclosure for this sale can be found here. Insiders sold 24,241 shares of company stock valued at $22,733,544 over the last three months. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Company Profile

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 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.