Bessemer Group Inc. Sells 44,634 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Bessemer Group Inc. trimmed its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 14.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 265,415 shares of the specialty retailer’s stock after selling 44,634 shares during the period. Bessemer Group Inc. owned approximately 0.44% of O’Reilly Automotive worth $253,552,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. King Luther Capital Management Corp increased its position in O’Reilly Automotive by 2.3% in the 2nd quarter. King Luther Capital Management Corp now owns 147,879 shares of the specialty retailer’s stock worth $141,269,000 after buying an additional 3,312 shares during the period. Profund Advisors LLC increased its position in O’Reilly Automotive by 17.0% during the second quarter. Profund Advisors LLC now owns 4,262 shares of the specialty retailer’s stock worth $4,071,000 after acquiring an additional 619 shares during the period. BTG Pactual Global Asset Management Ltd boosted its holdings in O’Reilly Automotive by 74.4% in the 2nd quarter. BTG Pactual Global Asset Management Ltd now owns 1,948 shares of the specialty retailer’s stock valued at $1,861,000 after purchasing an additional 831 shares during the period. Commonwealth Equity Services LLC boosted its holdings in O’Reilly Automotive by 0.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 9,992 shares of the specialty retailer’s stock valued at $9,546,000 after purchasing an additional 57 shares during the period. Finally, Ground Swell Capital LLC acquired a new stake in O’Reilly Automotive in the 2nd quarter worth $684,000. 82.92% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Price Performance

Shares of ORLY stock traded up $3.02 during trading hours on Monday, hitting $971.57. 77,039 shares of the company’s stock were exchanged, compared to its average volume of 424,485. The stock’s 50-day moving average is $931.43 and its 200-day moving average is $934.93. O’Reilly Automotive, Inc. has a 52 week low of $767.27 and a 52 week high of $1,005.96. The stock has a market cap of $57.48 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 1.92 and a beta of 0.83.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, October 26th. The specialty retailer reported $10.72 earnings per share for the quarter, topping the consensus estimate of $10.36 by $0.36. O’Reilly Automotive had a net margin of 14.86% and a negative return on equity of 152.96%. The firm had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the company posted $9.17 EPS. O’Reilly Automotive’s revenue was up 10.7% on a year-over-year basis. Equities research analysts forecast that O’Reilly Automotive, Inc. will post 38.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup upgraded shares of O’Reilly Automotive from a “neutral” rating to a “buy” rating and increased their target price for the company from $983.00 to $1,040.00 in a research note on Thursday, October 5th. StockNews.com initiated coverage on O’Reilly Automotive in a research report on Thursday, October 5th. They issued a “buy” rating for the company. Wedbush restated a “neutral” rating and issued a $940.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 26th. Stephens reiterated an “overweight” rating and set a $1,060.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 26th. Finally, Royal Bank of Canada increased their price objective 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. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,007.63.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $996.94, for a total transaction of $4,984,700.00. Following the transaction, the senior vice president now owns 687 shares in the company, valued at $684,897.78. The sale was disclosed in a document filed with the SEC, which is available through this link. In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 5,000 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $996.94, for a total value of $4,984,700.00. Following the sale, the senior vice president now directly owns 687 shares in the company, valued at $684,897.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Christopher Andrew Mancini sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $975.71, for a total value of $487,855.00. The disclosure for this sale can be found here. Insiders have sold 19,422 shares of company stock worth $18,917,172 in the last three months. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Company Profile

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.