CVA Family Office LLC Decreases Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

CVA Family Office LLC lessened its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) by 22.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85 shares of the specialty retailer’s stock after selling 25 shares during the period. CVA Family Office LLC’s holdings in O’Reilly Automotive were worth $54,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ORLY. Norges Bank bought a new position in O’Reilly Automotive during the fourth quarter worth about $449,778,000. Jennison Associates LLC boosted its position in O’Reilly Automotive by 491.7% during the first quarter. Jennison Associates LLC now owns 508,269 shares of the specialty retailer’s stock worth $348,144,000 after purchasing an additional 422,371 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in O’Reilly Automotive by 128.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock worth $470,900,000 after purchasing an additional 386,822 shares during the period. Carmignac Gestion bought a new position in shares of O’Reilly Automotive in the first quarter valued at approximately $194,291,000. Finally, Invesco Ltd. boosted its position in shares of O’Reilly Automotive by 29.8% in the first quarter. Invesco Ltd. now owns 1,109,137 shares of the specialty retailer’s stock valued at $759,715,000 after acquiring an additional 254,823 shares during the period. Hedge funds and other institutional investors own 84.03% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $695.28 on Tuesday. The firm has a market cap of $44.03 billion, a PE ratio of 21.96, a PEG ratio of 1.76 and a beta of 0.99. O’Reilly Automotive, Inc. has a 1 year low of $562.90 and a 1 year high of $750.88. The company has a 50 day simple moving average of $704.26 and a two-hundred day simple moving average of $672.33.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The specialty retailer reported $8.78 EPS for the quarter, missing the consensus estimate of $8.98 by ($0.20). The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.71 billion. O’Reilly Automotive had a negative return on equity of 520.10% and a net margin of 15.55%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $8.33 earnings per share. As a group, research analysts anticipate that O’Reilly Automotive, Inc. will post 31.61 earnings per share for the current year.

Insiders Place Their Bets

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 5,200 shares of O’Reilly Automotive stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $742.66, for a total transaction of $3,861,832.00. Following the transaction, the chairman now directly owns 67,752 shares of the company’s stock, valued at $50,316,700.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman David E. Oreilly sold 5,200 shares of O’Reilly Automotive stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $742.66, for a total value of $3,861,832.00. Following the transaction, the chairman now directly owns 67,752 shares of the company’s stock, valued at $50,316,700.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman David E. Oreilly sold 7,145 shares of O’Reilly Automotive stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $700.00, for a total transaction of $5,001,500.00. Following the completion of the transaction, the chairman now directly owns 294,582 shares in the company, valued at $206,207,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,444 shares of company stock valued at $37,192,687. 1.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ORLY has been the subject of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating for the company in a research report on Wednesday, June 8th. DA Davidson raised their price objective on shares of O’Reilly Automotive from $740.00 to $815.00 in a research report on Friday, July 29th. Morgan Stanley raised their price objective on shares of O’Reilly Automotive from $635.00 to $690.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 24th. The Goldman Sachs Group raised their price objective on shares of O’Reilly Automotive from $667.00 to $745.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Finally, Stephens raised their price objective on shares of O’Reilly Automotive from $765.00 to $800.00 and gave the company an “overweight” rating in a research report on Monday, August 1st. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $758.43.

O’Reilly Automotive Company Profile

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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. 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.

Further Reading

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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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