Great Lakes Advisors LLC Trims Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Great Lakes Advisors LLC decreased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,420 shares of the specialty retailer’s stock after selling 783 shares during the quarter. Great Lakes Advisors LLC’s holdings in O’Reilly Automotive were worth $9,954,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORLY. Atticus Wealth Management LLC grew its stake in shares of O’Reilly Automotive by 57.9% during the 2nd quarter. Atticus Wealth Management LLC now owns 30 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 11 shares during the period. Ancora Advisors LLC acquired a new stake in O’Reilly Automotive in the 4th quarter valued at $30,000. Venturi Wealth Management LLC acquired a new stake in O’Reilly Automotive in the 1st quarter valued at $31,000. HHM Wealth Advisors LLC acquired a new stake in O’Reilly Automotive in the 1st quarter valued at $33,000. Finally, Compass Wealth Management LLC acquired a new stake in O’Reilly Automotive in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 82.92% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of O’Reilly Automotive from $988.00 to $1,003.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. William Blair initiated coverage on O’Reilly Automotive in a report on Thursday, August 3rd. They set an “outperform” rating on the stock. Stephens reiterated an “overweight” rating and set a $1,060.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 26th. TD Cowen began coverage on shares of O’Reilly Automotive in a report on Tuesday, October 10th. They issued an “outperform” rating and a $1,100.00 price objective on the stock. Finally, Citigroup upgraded shares of O’Reilly Automotive from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $983.00 to $1,040.00 in a report on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,007.63.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $968.55 on Friday. The business has a 50-day simple moving average of $931.43 and a 200-day simple moving average of $934.91. The company has a market cap of $57.30 billion, a PE ratio of 25.77, a P/E/G ratio of 1.92 and a beta of 0.83. O’Reilly Automotive, Inc. has a one year low of $767.27 and a one year high of $1,005.96.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Thursday, October 26th. The specialty retailer reported $10.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.36 by $0.36. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.09 billion. O’Reilly Automotive had a negative return on equity of 152.96% and a net margin of 14.86%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $9.17 earnings per share. On average, sell-side analysts predict that O’Reilly Automotive, Inc. will post 38.2 earnings per share for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director Thomas Hendrickson sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $930.45, for a total value of $186,090.00. Following the completion of the sale, the director now owns 1,215 shares in the company, valued at $1,130,496.75. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Thomas Hendrickson sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $930.45, for a total transaction of $186,090.00. Following the completion of the sale, the director now owns 1,215 shares in the company, valued at $1,130,496.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Wild Tamara F. De sold 549 shares of the company’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 value of $524,569.50. Following the sale, the senior vice president now owns 349 shares of the company’s stock, valued at approximately $333,469.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,422 shares of company stock worth $18,917,172. 1.55% of the stock is owned by insiders.

About O’Reilly Automotive

O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. It provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts, maintenance items consisting of oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products, and accessories, such as floor mats, seat covers, and truck accessories.