O’Reilly Automotive, Inc. (NASDAQ:ORLY) Holdings Trimmed by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,855 shares of the specialty retailer’s stock after selling 30 shares during the quarter. Advisors Asset Management Inc.’s holdings in O’Reilly Automotive were worth $3,288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC boosted its holdings in O’Reilly Automotive by 96.2% during the first quarter. Mount Yale Investment Advisors LLC now owns 730 shares of the specialty retailer’s stock worth $824,000 after buying an additional 358 shares in the last quarter. BTG Pactual Global Asset Management Ltd boosted its stake in shares of O’Reilly Automotive by 31.5% during the 1st quarter. BTG Pactual Global Asset Management Ltd now owns 2,629 shares of the specialty retailer’s stock worth $2,968,000 after acquiring an additional 629 shares in the last quarter. Ironvine Capital Partners LLC grew its holdings in shares of O’Reilly Automotive by 866.7% in the 1st quarter. Ironvine Capital Partners LLC now owns 16,541 shares of the specialty retailer’s stock worth $18,673,000 after acquiring an additional 14,830 shares during the last quarter. Industrial Alliance Investment Management Inc. raised its position in shares of O’Reilly Automotive by 2.6% during the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after purchasing an additional 10 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of O’Reilly Automotive by 5.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,944 shares of the specialty retailer’s stock valued at $2,195,000 after purchasing an additional 97 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,227.37 on Friday. The firm has a market cap of $70.86 billion, a PE ratio of 30.37, a PEG ratio of 2.44 and a beta of 0.92. The firm’s 50 day moving average price is $1,179.37 and its 200 day moving average price is $1,101.68. O’Reilly Automotive, Inc. has a twelve month low of $914.50 and a twelve month high of $1,255.30.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the business posted $10.72 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ORLY has been the topic of a number of analyst reports. DA Davidson reissued a “buy” rating and issued a $1,275.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Morgan Stanley lifted their target price on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Royal Bank of Canada upped their price target on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

About O’Reilly Automotive

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.